Prince moves back from the US to head Sigfox operation
18 February 2021 | Alan Burkitt-Gray
Mobile data company Sigfox has moved the head of its US operation to be CEO of the whole group.
Jeremy Prince (pictured) will be CEO of Paris-based Sigfox, the company has announced, replacing Ludovic Le Moan, the co-founder of the group, who is stepping down.
Anne Lauvergeon, chairman of Sigfox, said: ““Jeremy’s success and experience in leading companies through the evolution of their business models was a deciding factor in our highly selective process that included several external candidates.”
Prince has been president of Sigfox USA since March 2019 and has been on Sigfox’s executive committee since joining the company as chief strategy officer in 2018.
Sigfox calls itself a “0G network” provider, using the technology for internet of things (IoT) services. It has more than 17 million connected devices and says they are used for 60 million messages a day.
Prince said: “I’m proud to become the leader of this fantastic company that created the 0G network and made IoT a reality that helps businesses every day.”
Le Moan was CEO of Sigfox since the end of 2010 and co-founded the Sigfox foundation in 2016.
Prince, who has worked in the French multimedia industry for more than 20 years, joined Sigfox as chief strategy officer in 2018 and moved to Dallas to run the arm of the US operation in 2019.
“I wish the very best to Jeremy and I am confident that he will lead Sigfox to the next level,” said Le Moan.
“We have the greatest gratitude for Ludovic’s leadership of Sigfox for the past 10 years,” said Lauvergeon. “Ludovic has undeniably been the vision behind Sigfox’s successes and his legacy will be felt far and wide. We thank him deeply for his contributions.”
Last week Google Cloud announced a collaboration with Sigfox to scale its cloud infrastructure and extend its IoT services portfolio. Through this partnership, Sigfox said it would be able to accelerate its Massive IoT plan, a strategy to process billions of messages each month from objects connected to the internet using data stored in the cloud.
In September 2020 Luxembourg private equity company Cube Infrastructure bought Sigfox’s German business and a majority stake in the owner of separate Sigfox businesses in Austria, Switzerland and Liechtenstein.
Both deals were through Heliot Europe, which already runs Sigfox networks in Austria, Switzerland and Liechtenstein and will buy the German operation thanks to Cube’s investment.
Sigfox said it would use the proceeds of the sale of its German network “to finance its continued innovation efforts in data value extraction and improvements in cloud algorithms to reduce energy consumption and allow the implementation of even more cost-effective devices and sensors”.