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Wyless announces agreement to acquire majority interest in TM Data Brazil

Wyless announces agreement to acquire majority interest in TM Data Brazil

Wyless, a global leader in the M2M industry and TM Data, the first Brazilian M2M operator, today announced an agreement for the acquisition by Wyless of a majority stake in TM Data and the joint formation of Wyless TM Data Brazil.

Founded 13 years ago in Sao Paulo, TM Data is a pioneer in M2M Managed Services in the Brazilian market, operating a Managed Network connected to all of the 4 national MNOs: Vivo, Claro,TIM and OI. Today TM Data provides managed connectivity across all major M2M verticals and is also rolling out ancillary services in network management, consulting and equipment lifecycle management. Through Porthos™, the Wyless global delivery platform, Wyless TM Data Brazil will also extend its reach into other international markets.

Dan McDuffie, CEO Wyless, commented:
“Brazil is one of the largest growth opportunities in the M2M and Internet of Things market globally, and one of the most challenging of the BRIC regions to enter.”

“Wyless TM Data Brazil will offer a bridge to and from this coveted market for our partners around the world, and also serve as a jumping off point into other bordering Latin countries. It’s not just about connectivity, but end-to-end solutions, from local representation, certification assistance, consulting, and a broad range of managed services.”

“We are very honored and excited to add such an experienced executive and entrepreneur as Sergio Souza, founder of TM Data, to the Wyless management team.”

Sergio Souza, President and CEO of TM Data, said:
“TM Data was founded foreseeing the huge potential of M2M in Brazil. I am very pleased to combine TM Data experience and the reliable network we built with our partners TIM, CLARO, VIVO and OI with the advanced technology and global reach of Wyless. The financial strength brought by Wyless Group will allow our operation to grow faster in Brazil and into our neighboring countries. It will be a great pleasure to work with such a successful group of executives and seasoned global investors.”

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