Market Overview

Advantix Acquires Mobility Management Business from TeraNova

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Companies also collaborate to launch iXtera, a first-of-its kind
mobility and IoT enabler for channel partners

Advantix,
a global leader in fixed and wireless communications lifecycle
management solutions, has acquired the mobility management practice of TeraNova,
one of the fastest growing mobility and IoT providers in the country.
Under the agreement, TeraNova is migrating its fixed and wireless
managed services business and key leadership and support personnel to
Advantix. Both companies will continue to operate under their own names
in their areas of expertise and also are collaborating to launch a
separate entity called iXtera, a first-of-its-kind service provider to
help channel partners holistically integrate and implement mobility and
Internet of Things (IoT) solutions.

"TeraNova is a respected mobility and IoT managed services provider that
is renowned for delivering highly customized, high-touch experiences to
sales partners and customers, and we are proud to have the opportunity
to work with such a talented team," said Nathan Brown, co-founder and
chief operating officer of Advantix. "We intend to leverage the
respective strengths of Advantix and TeraNova to generate significant
value for our companies, customers and sales partners."

The acquisition pairs Advantix's core competences in fixed and wireless
expense management, helpdesk and customized reporting with TeraNova's
expertise in wireless networks and smart SIM IoT solutions to create a
mobility and IoT powerhouse. Their combined expertise and resources also
are being leveraged to launch the channel-centric iXtera in the fall.

"We're very excited about the synergies between our two companies and
also about the creation of iXtera and its business model to deliver
best-in-class mobility, TEM and end-to-end IoT solutions to channel
partners and their clients within a streamlined model," explained Brad
Frazier, co-founder and chief executive officer of Advantix. "iXtera
will essentially help sales partners design and deliver integrated
wireless solutions that drive better business outcomes for their clients
and help them grow their own businesses."

TeraNova Managing Director Natasha Royer Coons will assume the roles of
chief revenue officer at Advantix and chief executive officer of iXtera.

"Over the past few weeks as we have worked to integrate offerings,
people and resources, it has become ever-more clear to me that this is a
compelling match of values and visions that will empower customers and
channel partners," said Coons. "At TeraNova we couldn't be more thrilled
about the collaboration with Advantix and advent of iXtera to better
serve a partner community whose clients are increasingly implementing
IoT, mobility and TEM solutions to drive digital transformation."

The expanding universe of IoT technology and supply chain elements are
hyper-siloed, not integrated or channel-enabled. iXtera will solve this
problem, making it easier for channel partners to get increasingly
active with mobility and IoT applications.

About Advantix

Advantix® is a global leader in innovative communications lifecycle
management solutions and is dedicated to improving efficiency and
security while reducing overall administrative and technology costs for
businesses of all sizes. Key service offerings include: fixed and
wireless expense management, audit and recovery, optimization, contract
negotiation, invoice management, contract management, cost containment,
procurement, help desk and customized reporting. For more information,
visit www.advantixsolutions.com.

About TeraNova

TeraNova is an award-winning enterprise mobility management (EMM)
company that helps businesses evaluate, implement, optimize and manage
wireless technology solutions. The company offers a range of mobile TEM
and helpdesk solutions as well as Internet of Things (IoT) consulting,
integration, implementation and managed services. For more information,
visit www.teranovaglobal.com.

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