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Cloud4Wi Acquires WiTech to Boost Presence in the European Market

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Cloud4Wi Acquires WiTech to Boost Presence in the European Market

Deal combines Cloud4Wi's product suite with WiTech's WiFi experience to meet customer demand

PR Newswire

SAN FRANCISCO and PISA, Italy, Aug. 13, 2018 /PRNewswire-PRWeb/ -- Cloud4Wi, provider of the industry's leading location service solutions, today announced its recent acquisition of WiTech, a leading WiFi solutions and managed services provider operating in Europe.

"We are delighted to welcome WiTech's team to our family," said Andrea Calcagno, CEO and Co-founder of Cloud4Wi. "This acquisition is part of our growth strategy, which is focused on boosting our presence in our target markets and bringing key talent under the Cloud4Wi umbrella," Calcagno added.

The WiTech acquisition will enable Cloud4Wi to enhance their advanced services for large enterprise customers and increase revenue growth. The terms of the deal and purchase price of the acquisition were not disclosed.

Cloud4Wi offers a product suite of enterprise guest WiFi, location analytics and location-based marketing products that help companies collect customer insights. Empowered with in-depth knowledge of who customers are and how they behave, companies can better engage on-site customers. Cloud4Wi works with enterprises across multiple industries – retail chains, restaurant chains, shopping centers, transportation, hospitality, finance and more.

WiTech's team brings tremendous experience in offering managed WiFi services. WiTech serves a large and diverse base of enterprise customers and service providers, including Bata, Coop, Klepierre, MaxMara, Prada, TIM, Vodafone, and Wind.

"We are proud to be joining Andrea and his team in revolutionizing location applications and services over WiFi," said Gaetano Calcagno, CEO of WiTech "Thanks to our long, proven experience in the European market, we will help Cloud4Wi seize new business opportunities."

Cloud4Wi

Cloud4Wi offers a suite of enterprise guest WiFi, location analytics and location-based marketing products. Our mission is to help enterprises better understand and engage visitors. Top global brands already rely on Cloud4Wi. They include ABSA, Adecco, Armani, Burger King, Carmila, Diamond Internationals, Gruppo FS Italiane, HFE, Illy, Lacoste, McDonald's, Olive Garden, Prada Group and VTB24. To date, Cloud4Wi's product suite connects more than 100 million mobile users across 30,000 locations in more than 100 countries, while collecting more than 7.5 billion of location data per month. Cloud4Wi is based in San Francisco, and has offices in New York, London, Milan, Pisa, Bologna, and Bangkok.
 
To learn more about Cloud4Wi and its products, please visit the website at http://www.cloud4wi.com.

For media inquiries, please contact:

Cloud4Wi
Elena Briola
VP Marketing, Cloud4Wi
ebriola(at)cloud4wi.com
Tel: +1 415-852-3900

 

SOURCE Cloud4Wi

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