The Netherlands-based mobile data solutions provider Mondicon has acquired Romanian IoT startup Simfony for an undisclosed amount. Joachim de Wild, co-owner of Mondicon, will become the new CEO of Simfony; Stefan Anghel, formerly product architect at Simfony, will join the management team as CTO.
Founded in 2014, Simfony has developed a Platform-as-a-Serice (PaaS) product for the deployment of IoT infrastructure projects. It includes “a full MVNO core network stack—together with business and customer support facilities, IoT applications development environments, a modern business portal and the corresponding APIs,” the company stated in a press release.
“We know Simfony for years now, and we were always impressed by the capabilities of the platform,” said de Wild, the new CEO of Simfony. “Simfony helped us to deliver our own IoT connectivity solution named CheerIoT. On a daily basis, thousands of our customers are now using the CheerIoT branded SIM cards and its cloud platform. Based on the feedback of our customers, I am certain that Simfony developed the most complete, scalable and cost-effective IoT platform that is currently available in the market. With the PaaS offering, we enable providers of communication services to profit from the growth of IoT immediately.”
After the acquisition, Simfony will continue operating under its brand and keep the main development office in Bucharest. All commercial and service activities will be taken care of from the Amsterdam headquarters. The company also has an office in Santa Monica, California, and plans to open a new location in the South of Europe in November.