M2M : Machine 2 Machine

ConnectM which started up last year has slowly come out with its strategy for growing into the M2M market place. It makes sense to grow through acquisition of companies in the Space – the challenge is how are they going to find companies that will be willing to be sold off at a affordable price? Will be interesting to watch how a consulting only play works for this company.

ConnectM, an independent machine to machine (M2M) solutions provider, aims to break even by the middle of the next fiscal, and grow into a 2,000-people organisation in the next 4-5 years with a mix of organic and inorganic strategy.

The Bangalore-based company which was floated in June this year with a joint investment of $6 million by its promoters Sasken Communication Technologies and IDG Ventures India, has already won three customers, and is aiming to close the year with at least 6-7 customers.

M2M is a technology which enables data communication between machines, devices, systems and people, using the wired or wireless technologies (Internet, GSM/GPRS).

We will be seeing more companies start to differentiate their offering by integrating smart applications into their solutions.

Telit Wireless Solutions, the US-based m2m mobile technology arm of Telit Communications (AIM:TCM), has announced the integration of Telefónica’s Smart M2M platform application programming interface (API) into its M2M communications modules. As a result, the users of Telit’s modules can now enjoy the value-added services provided by the platform of Spain’s leading telecom operator.

This platform, the number one differentiated solution for data transmission between machines, facilitates the integration of M2M applications with the mobile network, significantly reducing installation time and meeting customers’ needs in terms of security, speed and availability. These characteristics, along with Telit’s key values of business scalability, ease of integration and investment protection, make the company’s M2M modules the most efficient solution on the market.