IoTerop, a pioneer of the Lightweight M2M (LwM2M) standard and a member of the OMA SpecWorks Board, is actively seeking a buyer following its placement under receivership by the commercial court of Montpellier (France).
With its team of 16 experts specializing in embedded systems, cloud, cybersecurity, and telecommunications, IoTerop plays a crucial role in the Internet of Things (IoT) ecosystem.
The company offers advanced IoT solutions, including IOWA, a Software Development Kit (SDK) that enables manufacturers to integrate remote device and data management in addition to security features into their connected devices with optimal efficiency and performance. Additionally, ALASKA is a cloud-based solution designed to streamline the integration and large-scale device and security lifecycle management of IoT devices, providing flexibility and scalability to meet the needs of various industries.
IoTerop’s innovative solutions are deployed in a range of markets, including Smart Metering, Smart Cities, Asset Tracking, Energy, as well as Satellite and Cellular telecommunications. These solutions are trusted by renowned international companies such as Itron, EDMI, Elvaco, EDF, Orange, Hager, and Telit.
The company is urgently seeking a buyer capable of continuing its expertise and supporting its innovations in the IoT sector, thus ensuring the continuity of its services and preserving its valuable workforce.
Submission of Offers:
Interested buyers have until October 31, 2024, at 12:00 noon CET to submit their offers. Proposals should be directed to Maître Éric Samson, from the FHBX law firm, who is overseeing the reorganization process. For further information or to submit an offer, please contact Maître Samson’s team via email at: reprise@ioterop.com.
About IoTerop: IoTerop is a leading technology company in the IoT sector, recognized for its expertise and active involvement in the development of LwM2M standards, as well as its collaboration with major industrial players worldwide.