Smarter Technologies announced the successful completion of the purchase of 100% of the share capital of NFC. The acquisition complements its existing software and digital transformation business, with a range of proprietary hardware solutions and the Orion Data Network. Use of the network and the capability to fuse the group’s software expertise and infrastructure with NFC’s state-of-the-art hardware will be a key driver of value in the group going forward.
Mark Read, Chairman of Smarter Technologies, said, “Having analysed the IoT market and the various M2M network providers extensively, we were impressed with NFC’s Orion Data Network. It is robust, secure, and reliable. The technology underpins critical industry applications which we intend to expand. Combining both our existing digital transformation expertise, SaaS platforms and cloud-based apps will enhance the customer experience across the entire IoT solutions spectrum.”
Matthew Walker, CEO and founder of NFC, said, “We are excited to be part of the Smarter Technologies. NFC has developed ground-breaking, state-of-the-art technology in-house since 2001, and our Orion Data Network is used by customers across the world. This acquisition by STG gives us the infrastructure, processes and software solutions to rapidly scale up both our network and product offerings.”
We are now focused on growing the reach of our network both nationally and internationally in addition to expanding the network of products and services provided to end-users and partners around the globe. Along with operating our own network, we also manufacture a full range of devices and have developed unique products and solutions that operate on the platform.
Group companies operate independently with worldwide headquarters based in Ringwood, Hampshire.