M2M firm Telit buys cloud platform ILS Technology
In a bid to expand its service portfolio global machine-to-machine (M2M) provider Telit today announced that it will be acquiring ILS Technology, a cloud-based back-end service provider, for $8.5m.London-based Telit communications specialises in the development of wireless M2M technology and claims to be a “one-stop-shop” for M2M connection modules and managed services including connectivity.