Sierra Wireless Enters Agreement to Acquire M2M Embedded Module and Modem Assets of AnyDATA Corporation

VANCOUVER, British Columbia--(BUSINESS WIRE)--

Sierra Wireless SWIR SW today announced it has entered into an agreement with AnyDATA Corporation and its subsidiaries to acquire substantially all of the assets of AnyDATA's machine-to-machine (M2M) embedded module and modem business. The transaction is expected to close by the end of this month.

Upon completion of the acquisition, AnyDATA's M2M embedded module and modem portfolio will become part of the Sierra Wireless OEM Solutions product line, and a team of 16 sales and engineering staff from AnyDATA's Korean subsidiary will join Sierra Wireless. AnyDATA's M2M embedded module and modem products generated approximately $10 million U.S. in revenue during the last 12 months and the business is modestly profitable.

“With significant market share and established sales channels in Korea, and a proven engineering team, we believe that the AnyDATA M2M business represents an important addition to Sierra Wireless,” said Jason Cohenour, President and CEO of Sierra Wireless. “This acquisition broadens our global reach, enhances our technical capabilities, and expands our market share leadership. We are very pleased to welcome the AnyDATA customers and employees to Sierra Wireless.”

Additional information about the transaction is available in the Investor Information section of the Sierra Wireless website. If the above link does not work, please copy and paste the following URL into your browser: http://www.sierrawireless.com/en/AboutUs/investorinformation.aspx.

About Sierra Wireless

Sierra Wireless SWIR SW is the global leader in machine-to-machine (M2M) devices and cloud services, delivering intelligent wireless solutions that simplify the connected world. We offer the industry's most comprehensive portfolio of 2G, 3G and 4G embedded modules and gateways, seamlessly integrated with our secure M2M cloud services. Customers worldwide, including OEMs, enterprises, and mobile network operators, trust our innovative solutions to get their connected products and services to market faster. Sierra Wireless has more than 850 employees globally and has R&D centers in North America, Europe and Asia. For more information, visit www.sierrawireless.com.

Forward Looking Statements

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