On December 7, 2022, Ericsson and Aeris Communications, a leading provider of Internet of Things (IoT) solutions based in San Jose, California, signed an agreement for the transfer of Ericsson’s IoT Accelerator and Connected Vehicle Cloud businesses. Wilson Sonsini Goodrich & Rosati advised Aeris Communications on the transaction.
Together, Aeris’ and Ericsson’s IoT platforms will connect over 100 million IoT devices worldwide, covering 190 countries. For customers, this provides the stability, reliability, and global scale needed to support the full lifecycle of IoT programs across multiple industries, use cases, and geographies. Through the transaction, Aeris will become a market leader in IoT, generate strong market synergies, and further simplify IoT for 9,400 enterprises by providing them with a global, feature rich platform with secure, reliable, and intelligent IoT solutions. To communications service providers, the transaction of Ericsson’s IoT businesses to Aeris will result in a strong partner that continues to provide their customers with a leading IoT connectivity platform, while also offering new value-added services to help grow IoT revenue streams.
The Wilson Sonsini team that advised Aeris on the transaction includes:
For more information, please see Ericsson’s press release.