Mondicon Announces Acquisition of IoT PaaS Provider Simfony

In a recent announcement, Mondicon has announced that it has acquired IoT PaaS Simfony. All assets including all intellectual property rights, customers, suppliers and employees are transferred to a new Dutch entity named Simfony B.V. The financial terms of the deal were not disclosed. Joachim de Wild, co-owner of Mondicon, will become CEO of Simfony, and Stefan Anghel (formerly Product Architect at Simfony) will join the management board as CTO.

Simfony will keep operating under the same brand name, enabling mobile operators and other communication providers to efficiently serve their customer base with comprehensive connectivity management services, allowing them to benefit from an ever-growing IoT market. The company will keep its Bucharest office, where the team of developers and consultants operates. All commercial and service activities will be managed from the Dutch headquarters which is based near Schiphol Amsterdam. The organisation also holds an office in Santa Monica, USA and is planning to open a new office in the South of Europe next month.

In the past 4 years, Simfony developed a complete IoT Platform-as-a-Service (PaaS) product in order to offer immediate infrastructure for Internet of Things (IoT). The platform’s layered architecture contains all the necessary enablers for customers to build, deploy and manage innovative IoT projects. This 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 cloud-based platform offers all capabilities as a standalone solution to Communication Providers such as MNOs, MVNOs, Satellite Providers and Application Developers. Simfony’s PaaS solution enables them to quickly deliver own-branded IoT products and services in multi-national, multi-tier and multi-operator environments. This will allow their end-customers to independently design, build, test and manage IoT solutions. Existing M(V)NO’s are also able to use specific components from the PaaS solution, allowing them to add IoT capabilities and services to their portfolio using their own connectivity resources.

“We know Simfony for years now, and we were always impressed by the capabilities of the platform,” said de Wild. “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. An important differentiator is the Pay-as-you-Grow model, this enables communication providers to quickly launch a complete IoT offering without high upfront investments. I am very excited to further grow the company, together with Simfony's founder and CTO Stefan Anghel and our engineering team in Bucharest.”

The new management team said it has a very clear product vision resulting in a roadmap, which reportedly will lead to even more powerful capabilities for our customers to use. The engineering team will be focused on AI, machine learning and predictive modeling, capabilities required to support the next generation of IoT applications. I am looking forward to discuss all these new possibilities with our existing customers and new prospects.”

“I am really excited about this transaction and the opportunities it brings,” said Anghel. “I am certain that with our combined forces we can scale up Simfony faster and reach more communication providers worldwide. The product is currently deployed to thousands of customers who are using our platform and IoT connectivity on a daily basis. This goes to show that our solutions bring real value to customers and that the technology stack is field proven.”