May 21, 2022

OptConnect Acquires Leading IoT Networking Wireless Solutions Provider

Managed Wireless Service Provider OptConnect acquired a Silicon Valley-based IoT network solution provider Premium wireless solutions. Financial terms of the deal were not disclosed.

This is tech M&A deal number 747 that ChannelE2E has covered so far in 2021. See all tech M&A deals for 2021 and 2020 listed here.

OptConnect Acquires PWS: Deal Focus

OptConnect, founded in 2009, provides managed wireless connectivity services for unattended equipment including ATMs, smart safes, kiosks, micromarkets, digital signage and other custom applications to over 3 500 customers. The company is based in Kaysville, Utah.

Premier Wireless Solutions, founded in 2010, is a value-added distributor (VAD) and solution provider for a variety of wireless products, from embedded modules to fully integrated systems, according to the release. The company is based in San Jose, California.

PWS serves the M2M (machine-to-machine)/IoT market, offering network design, hardware sourcing, software configuration, staging, API integration, device certification, implementation, management and support. Key areas of interest include digital signage, major internet applications, utilities, asset tracking, electric vehicle charging and medical markets, the vendor said.

PWS will continue to operate as Premier Wireless Solutions, but will be branded as an OptConnect company. The company’s office in San Jose, California will remain open and Vince Giacomini, founder of PWS, will serve as president of the PWS business unit.

OptConnect Acquires PWS: Management Commentary

Chris Baird, CEO, OptConnect

Vince Giacomini, Founder, PWS

Chris Baird, CEO of OptConnect, commented on the news:

“The combined power and momentum of what our individual organizations and teams have built over the past 10+ years will strengthen our unified value proposition and connectivity solution stack for the IoT market.”

Giacomini of PWS added:

“We are delighted to join the OptConnect family. They have built an amazing fully managed solution for their customers and now that we can add our solutions, services, global carrier integrations and hardware options, we are going to offer a greater range of options to our customers.

The PWS team was advised by Skyway Capital Markets.