24 May 2018
| Jason Mcgee-Abe
Neeco Group has announced the strategic acquisition of UK-based AirX Technologies, a provider of global enterprise-grade internet connectivity over dedicated internet access (DIA), broadband, 3G/ 4G LTE mobility technologies and IoT connectivity for enterprises.
This strategic step further expands the global ICT service provider’s internet connectivity solutions portfolio and its coverage, and enhances monitoring and service management capabilities.
“The constant expansion of Internet connectivity platforms is the highest priority for our Connectivity and Mobility Solutions Division, as it presents a foundation to accelerate the innovation of existing products, such as backup and temporary connectivity solutions, or IoT and M2M products, and also development of new products and services based on fixed line or mobile connectivity solutions we plan to launch this year,” said David Patek, the Neeco Group CEO.
“We believe that with AirX, the dedicated internet access, broadband and Mobile 3G/4G connectivity offered by Neeco as a part of managed ICT solutions will be taken to the next level in terms of delivery timelines, regional coverage, and cost effectiveness.”
With the acquisition of AirX, Neeco is gaining access to a large number of local and regional fixed-line and mobile networks to complement its own existing local partner network agreements. AirX currently operates across Europe, the US, the Middle East and Africa, Latam, and is now expanding its reach to the Asia-Pacific region, with a total number of 180+ covered countries.
Piyush Srivastava, founder of AirX Technologies Limited, added: “Neeco’s global presence and being a leader of ICT services is a major advantage to AirX. This strategic partnership will empower AirX Technologies to pursue major opportunities together with Neeco and serve our customers and partners in a very cost effective and efficient manner.”