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Clearlake Capital to sell Brightly Software to Siemens for $1.875B
Clearlake Capital Group, L.P. recently announced it agreed to sell Brightly Software, Inc. to Siemens AG for $1.575 billion of upfront cash consideration, along with $300 million in cash earn-out payments, for a total of $1.875 billion. The transaction...
Study: Global in-building wireless market could generate $22.6B by 2028
The global in-building wireless market accounted for $10.3 billion in 2021 and is expected to have an 11.9 percent year-over-year growth rate and reach $22.63 billion by 2028, according to Market Study Report.
The research...
Google announces private network solutions on its Distributed Cloud Edge
Tech giant Google recently announced it will launch a new private networking solutions portfolio to “further accelerate adoption of private cellular networks.” The portfolio is based on Google Distributed Cloud Edge and will leverage...
Ericsson: Realizing the power of IoT connectivity
Telia Company, a Sweden-based service provider, noted it’s seen a steady increase in the amount of cellular connected IoT devices on its networks across the Nordic and Baltic countries, Ericsson wrote in a summary...
Analysis: why proptech must provide a sound customer experience
Property technology has quickly emerged as an essential asset in the commercial real estate industry. It’s not enough for these solutions to just work well, however. They must also provide agents, landlords and tenants...
Proptech companies, VCs steady about future funding
Just a little more than a month ago, Connected Real Estate reported a record $4 billion was invested in property technology, or proptech during the first quarter of 2022. That sign of confidence in...
Betacom aims to simplify private network solutions for enterprises
Betacom CEO Johan Bjorklund recently announced that the company introduced a managed-service offering that will address a common pain point for many enterprises—a lack of 4G and 5G knowledge, IWCE’s Urgent Communications reports. Many...
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