Cyan Holdings has revealed plans to acquire Swedish wireless communications solutions provider Connode.According to a company release, the acquisition of Connode will accelerate Cyan’s product roadmap with the addition of IPv6 6LoWPAN, as well as Cyan’s geographic coverage in major emerging markets (including India, Iran, Africa and China) to more developed markets. [Cyan finds new AMI market in Iran]
The combined company intends to support multi-application networks and enable communication with any device including gas, water and electricity meters, lighting and traffic lights.
[quote] Stockholm-based Connode provides a standards-based IPv6 6LoWPAN solution for developed markets in Europe and Asia. The company also holds a £25m software license and support contract for the UK smart meter rollout to provide the radio network for households where there is no cellular network coverage.
Also amongst its recent wins, Connode has recently partnered with Reliance Energy, part of Reliance Industries Limited the Indian conglomerate with over 6.4 million customers, to build a smart sustainable city network pilot in Mumbai. [Cyan firms India presence with Tata Power AMI solution deal]
Under the first pilot project in India, smart meters, streetlights and distribution automation equipment will be connected using Intel IoT Gateways and Connode’s IPv6 based wireless solution.
This is said to be the first rollout in India of smart meters fully compliant with the communication standards recently adopted in the machine-to-machine roadmap by the government of India.
End-to-end IoT solutions
John Cronin, executive chairman of Cyan commented: “As our clients in developing markets realise the benefits from our proprietary end-to-end solutions, we believe that they will want to converge their networks and this will require standards-based technologies. Convergent networks require a standards-based core language to enable the rapid development integration and consolidation of applications.
“The acquisition of Connode will be transformational for Cyan, and will give us the capability to build these functions into our core products, enabling us to future proof our customer solutions and provide standards-based interfaces for additional connectivity as required for the Internet of Things (IoT) and smart cities.”
Bjorn Lindblom, chief executive officer of Connode, commented: “This change in ownership will help us to further boost the global sales of our mature IoT platform.
“The combined entities will be a market leader in dedicated IoT communications networks with the resources needed to continue our global expansion. Connode has a unique position as a proven supplier of highly scalable, easy to deploy, IPv6 6LoWPAN based, wireless Neighbourhood Area Networks.”
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