Enterprise IoT Infrastructure Platforms sector
Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Enterprise IoT Infrastructure Platforms
1.1 - About Enterprise IoT Infrastructure Platforms sector
Companies in Enterprise IoT Infrastructure Platforms build and operate the backbone for large-scale connected devices. They deliver cellular and LPWAN connectivity, device management, secure identity, and edge-to-cloud integration so enterprises can deploy, monitor, and update fleets of sensors, equipment, and vehicles. Offerings span hardware, software, and services that increase reliability, reduce total cost of ownership, and accelerate time to value for mission-critical IoT initiatives.
These strategic buyers typically offer connectivity management platforms with global carrier integrations and eSIM/SIM lifecycle control, LPWAN network servers for LoRaWAN and other protocols, device management with OTA firmware updates, and embedded gateways, modules, and development kits. They also deliver RF and antenna systems for optimized performance, PKIaaS and certificate automation for device identity, digital ID/RFID tagging for asset tracking, and edge analytics that stream data securely into cloud applications.
They serve telecom operators and IoT MVNOs, industrial manufacturers and OEMs, and utilities and smart city programs. Customers achieve scalable, global connectivity for diverse devices, stronger security and compliance, improved network reliability and performance, and lower operating costs through remote monitoring and automated lifecycle management. These solutions shorten deployment cycles, enable continuous service assurance, and provide data needed for asset optimization and predictive maintenance at enterprise scale.
2. Buyers in the Enterprise IoT Infrastructure Platforms sector
2.1 Top strategic acquirers of Enterprise IoT Infrastructure Platforms companies
Telit Cinterion
- Description: Provider of enterprise-grade Internet of Things (IoT) modules, software and connectivity solutions, employing an end-to-end system approach that ensures all components work together and enables businesses to manage IoT devices, connectivity and related operations for best-in-class performance.
- Key Products:
- 5G Module Portfolio: Provides ultra-low latency, high-speed, ultra-reliable cellular connectivity validated with NVIDIA Jetson Thor, powering autonomous robots, industrial automation and mobile AI systems
- CMB100 Cellular Modem: Pre-certified modem merges hardware, connectivity and platform for rapid IoT prototyping, streamlining design, reducing certification effort and accelerating time-to-market
- FN990B40 4G/5G Data Card: Wide-band LTE
- WCDMA
- GNSS module using Snapdragon X72, supplies high-performance broadband for enterprise routers, fixed wireless access
- CPE and surveillance
- deviceWISE VI Assistant: AI-powered mobile app using iPhone/iPad GPUs and cameras for real-time virtual inspections, enabling fast detection of manufacturing quality issues without wired installations.
- Rationale: Provider of 5G Module Portfolio for low-latency IoT, CMB100 Cellular Modem enabling prototyping, and deviceWISE VI Assistant for AI inspections.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
2.2 - Strategic buyer groups for Enterprise IoT Infrastructure Platforms sector
M&A buyer group 1: IoT Cellular Connectivity
Telit Cinterion
- Type: N/A
- Employees: ●●●●●
- Description: Provider of enterprise-grade Internet of Things (IoT) modules, software and connectivity solutions, employing an end-to-end system approach that ensures all components work together and enables businesses to manage IoT devices, connectivity and related operations for best-in-class performance.
- Key Products:
- 5G Module Portfolio: Provides ultra-low latency, high-speed, ultra-reliable cellular connectivity validated with NVIDIA Jetson Thor, powering autonomous robots, industrial automation and mobile AI systems
- CMB100 Cellular Modem: Pre-certified modem merges hardware, connectivity and platform for rapid IoT prototyping, streamlining design, reducing certification effort and accelerating time-to-market
- FN990B40 4G/5G Data Card: Wide-band LTE
- WCDMA
- GNSS module using Snapdragon X72, supplies high-performance broadband for enterprise routers, fixed wireless access
- CPE and surveillance
- deviceWISE VI Assistant: AI-powered mobile app using iPhone/iPad GPUs and cameras for real-time virtual inspections, enabling fast detection of manufacturing quality issues without wired installations.
Buyer group 2: ████████ ████████
●● companiesBuyer group 3: ████████ ████████
●● companies3. Investors and private equity firms in Enterprise IoT Infrastructure Platforms sector
3.1 - Buyout funds in the Enterprise IoT Infrastructure Platforms sector
2.2 - Strategic buyer groups for Enterprise IoT Infrastructure Platforms sector
4 - Top valuation comps for Enterprise IoT Infrastructure Platforms companies
4.2 - Public trading comparable groups for Enterprise IoT Infrastructure Platforms sector
Valuation benchmark group 1: IoT Device Connectivity and Management Companies
PTC
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of computer software and services specializing in product lifecycle management, computer-aided design, Industrial Internet of Things, and augmented reality solutions that enable industrial and manufacturing companies to digitally transform their engineering, manufacturing, and service processes across the Americas, Europe, and Asia-Pacific regions.
- Key Products:
- Windchill: Product lifecycle management suite for real-time information sharing and data visualization
- Creo: 3D CAD technology for digital design and product modeling
- ThingWorx: IoT platform for industrial connectivity and data analysis
- Vuforia: Augmented reality technology for visualizing digital information in physical contexts
- ServiceMax: Field service management solutions for optimized service and technician productivity.