- Tofane Global completes the sixth acquisition in four years and accelerates its Internet of Things (IoT) business growth
- The Simfony acquisition complements the IoT Connectivity offering of its iBASIS subsidiary with embedded SIM (eSIM) management capabilities and expands ability to address Mobile Operator market
Paris – Tofane Global (TOFANE), the leading international communications solutions group, announces today the acquisition of Simfony, an Internet of Things (IoT) Platform-as-a-Service provider.
The acquisition complements the iBASIS IoT portfolio by creating a one-stop-shop for its customers. They now have access to a fully featured IoT Connectivity Management Platform for their embedded SIMs (eSIMs), from online ordering, provisioning, product catalog, device lifecycle control, trouble ticketing, online rating, and billing, to account profitability.
iBASIS’ expanded IoT offering comes at a time when the IoT connectivity market, which is forecasted for double-digit growth in the coming years, is experiencing a surge in demand for reliable and secure networks.
With this acquisition, iBASIS adds a technology development center in Romania and strengthens its operations in the Netherlands where Simfony is headquartered. The Simfony management and team will join iBASIS, bringing remarkable value in industry expertise and technology skills.
The transaction is fully consistent with TOFANE’s strategy to increase its exposure to high growth segments (IoT and messaging in particular), leveraging its unique global footprint to provide its customers with a highly differentiated value proposition.
Alexandre Pébereau, CEO, iBASIS, and Founder, TOFANE:
“After establishing ourselves as a leader through acquisitions in international voice (2018), mobile roaming (2019), and messaging (2020), today’s announcement is an exciting step for us in the world of Internet of Things. By adding Simfony to the TOFANE family, we are moving up the value chain to the management layer, fast-tracking our plans of becoming an independent single-source enabler of global IoT connectivity services.”
Simfony’s platform, built on the latest architecture concepts such as Software Defined Network (SDN) and Network Functions Virtualization (NFV), ensures rapid time-to-market and elasticity for an unlimited number of connected devices. It enables greater flexibility and agility using software innovation, adding to iBASIS’ numerous patented technologies in IoT.
Joachim de Wild, CEO and Founder, Simfony:
“We are very excited about joining iBASIS, particularly after working successfully together over the past few years on our global eSIM connectivity partnership. We are thrilled for our employees and customers as this acquisition opens a new era of possibilities and growth. iBASIS’ expertise and capabilities are undisputed and we’re looking forward to further addressing our customer needs together.”
Simfony customer Mohammed Al Khushail, Chairman, MachinesTalk:
“The powerful combination of iBASIS with Simfony provides us with a full IoT solution to offer greater, safer, and faster services to our clients. MachinesTalk is enabling and supporting the growth of the IoT domain and world-leading technologies in the Kingdom of Saudi Arabia, so we’re delighted to benefit from these two leaders coming together.”
During Mobile World Congress, held in Barcelona from 28 February – 3 March 2022, iBASIS and Simfony will jointly provide demos of the platform in Hall 5 Meeting Room 30.
Dohan Advisory acted as exclusive financial advisor, Houthoff as legal advisor, and Mazars for the due diligence to Tofane Global on this acquisition.
ABOUT TOFANE GLOBAL
Tofane Global (TOFANE) is the leading communications solutions group enabling operators and digital players worldwide with their core strategies, performance, and transformation. Tofane Global acquired and successfully integrated six companies in the global communications market, becoming the first independent player and innovation enabler across international Voice, Mobile Data and SMS messaging, Internet-of-Things, and 5G. As the result of the acquisitions of Altice Europe N.V., iBASIS, SFR, MEO (former Portugal Telecom), NOS, and Simfony, Tofane Global serves 1,000+ customers worldwide across its presence in 21 countries.
ABOUT SIMFONY
Simfony offers Immediate IoT Infrastructure and powers M(V)NO customers by unlocking the opportunity to supply end-to-end IoT connectivity solutions through its Whitelabel IoT Connectivity Platform. With a pay-as-you-grow model, Simfony lowers the entry barriers for M(V)NOs to quickly launch based on either a cloud or on-premise deployment. The Simfony Platform includes a Full MVNE core network stack, together with all needed customer support facilities, online charging system, real-time self-service platform, and all corresponding APIs. M(V)NO’s can also benefit from Simfony’s competitive wholesale rates using the latest eSIM/eUICC Technology. Simfony is ISO 9001 and ISO 27001 certified.
