Netgem has announced its acquisition of PlugnSurf, a company founded in 2009 in Paris.
PlugnSurf has developed and marketed the WOBEtm, the first mobile connectivity device to incorporate a patented technology for automatic off-loading between mobile data (3G/4G) and WiFi networks.
The integration of PlugnSurf will expand Netgem’s existing product offer. It will allow Netgem to help telecom operators optimize their massive investments in mobile data networks. The WiFi off-load technology mastered and patented by PlugnSurf is essential to alleviate the growing congestion on mobile networks, particularly for video streaming.
The acquisition of PlugnSurf is in line with Netgem’s international development plan. It will allow Netgem to consolidate its relationship with customers and to develop new business, particularly with mobile operators seeking to differentiate themselves with new and innovative services due to increased competition in their core business.
Netgem will finance this transaction on its own balance sheet.
Christophe Aulnette, CEO of Netgem, said: “With the acquisition of PlugnSurf, we welcome a dynamic and experienced team, with first-hand knowledge of the needs and expectations of mobile operators. This team has developed and brought to market with limited resources an innovative solution which is a natural extension of our offer to telecom operators”.
David Remaud, co-founder of PlugnSurf, added: “By joining Netgem, we will benefit from extended resources and additional legitimacy to serve the main global mobile operators, right at a time when mobile data consumption is skyrocketing and the need for our technology is becoming acute”.