Lexington, MA, August 27, 2019 – iBASIS, the leading provider of communications solutions for operators and digital players worldwide, today announced that Simfony, the leading IoT PaaS provider and MVNE, selected and integrated iBASIS Global Access for Things service into its real-time IoT platform and core network. Through the collaboration, Simfony powers its Mobile Virtual Network Operator (MVNO) customers by unlocking the opportunity to supply end-to-end IoT connectivity solutions. It enables newcomers with a lower entry point into M2M revenues and providers with a more competitive path to expand and drive their own branded mobile and IoT offerings.
The move capitalizes on M2M connectivity and IoT growth driving the MVNO market, which is expected to exceed US$74 Billion by 2024. The number of IoT devices in use is projected to reach about 20.5 billion by 2020.
The iBASIS global IoT service using eUICC technology and Simfony Platform integration was completed in Q2. Both members of GSMA, the companies’ technology stacks aligned with engineering teams building upon the same terminology. Since it went live, service usage has grown rapidly. The solution has already expanded across use cases spanning maritime, energy, and ocean cleaning applications. With iBASIS, Simfony’s customers not only gain realtime deployment abilities, but also best-of-market global data rates, while using an automated self-service portal to manage and monitor their eSIMs in real-time.
Joachim de Wild, CEO of Simfony, comments, “We have investigated the eUICC market for the past two years, concluded that iBASIS is by far the most advanced partner in the field. We are impressed by the capabilities and expertise of its team. Together iBASIS’ eSIM global connectivity and our pay-as-you-grow model enable our customers to launch their IoT MVNO without the need for high upfront commitments. They can now be more competitive on global data rates, scale up to large volumes, and be in control using our self-service platform.”
Ajay Joseph, CTO, IoT & Technology for iBASIS, adds, “Our deployment with Simfony exemplifies the power of our Global Access for Things service. Integration was rapid and precise, and service established seamlessly. This is game changing. It makes the best possible global connectivity and eUICC technology available to the fastest growing segment of the communications market. Applications in new verticals, such as energy and ocean cleaning, reinforce the true versatility and power of our global IoT connectivity solution. We look forward to further deployments worldwide and an ever-stronger relationship with Simfony.”