Press release

Axeda and Telenor Connexion join forces to provide global M2M solutions

Axeda Corporation and Telenor Connexion today announced an alliance that will make it easier, cheaper, and faster for companies worldwide to build and deliver connected products.

Alliance speeds the creation and worldwide deployment of connected products

Axeda Corporation and Telenor Connexion today announced an alliance that will make it easier, cheaper, and faster for companies worldwide to build and deliver connected products. Telenor Connexion is a company within Telenor Group – the world’s sixth largest mobile network operator (MNO). Axeda is the leading Platform-as-a-Service (PaaS) company for connected products.

The alliance brings together Telenor Connexion’s worldwide wireless mobile network and Axeda’s on-demand platform for building enterprise-scale M2M solutions. Provided with a complete communication-optimized platform, joint customers can rapidly develop connected products – focusing on strategic business solutions, not the enabling technology. Easy deployment through cloud-based services provide for faster time to market with no infrastructure costs.

“Over the next few years, the application opportunities for wireless M2M connectivity are huge – from the smart grid, to transportation, to networked homes and mobile consumer devices like eReaders. We believe the base of connected mobile M2M devices should exceed 200m by 2014 with an annual growth rate of more than 35%”, said Robin Duke-Woolley, CEO of worldwide M2M analyst firm Beecham Research. “The Axeda Platform reduces the time to market for new M2M applications and services, and with Telenor Connexion these applications have global reach.”

Over 100 major organizations, including Abbott, EMC, Diebold, and NetApp rely on the Axeda Platform today to get value from their connected products. A PaaS solution, it reduces complexity and costs and provides key capabilities such as: condition monitoring, content management, location-based services, business rules, secure communication, and enterprise system integration that speed the creation of connected products.

“Axeda is a leader in enterprise M2M and Telenor Connexion is the leading provider in global managed M2M connectivity solutions. We complement each other with best-in- class M2M services, offering customers a reliable, on-demand platform for building and deploying enterprise M2M solutions that take advantage of our global coverage,” said Niclas Andersson global business development executive, Telenor Connexion. “Benefits for Axeda and Telenor Connexion customers are shortened time to market, as well as reduced development time and cost.”

Telenor Connexion has built a dedicated M2M organization and infrastructure, tailored products and support services for reliable M2M deployments. Its global mobile network is optimized for data traffic – rather than voice transmission – supporting dependable services for both plastic SIM as well as the Telenor patented eSIM chip based embedded solution.

“Organizations are just scratching the surface of the potential business impact of connected products – for improved supply chain visibility, better customer service , and new revenue streams,” said Dale Calder, president and CEO, Axeda. “The integration of our platform with Telenor Connexion’s global network will remove significant time, risk and cost from development cycles, so companies realize the benefits faster.”

Additional Information
Axeda and Telenor Connexion will co-exhibit at CTIA Wireless in Las Vegas, March 23-25, 2010. Visit us at booth #256.

For more information, please contact:
Karin Karlung, Telenor Connexion
karin.karlung@telenor.com, +46 734 417 415

Erin Smith, Axeda Corporation
esmith@axeda.com, 508-337-9200

Megan Boyaval, Corporate Ink
mboyaval@corporateink.com
, 617-969-9192

About Axeda
Axeda Corporation is the leading Platform-as-a-Service (PaaS) company for connected products. The company’s VeriSign® Security certified platform and applications allow companies to connect, manage, service, and interact with assets anywhere – it serves over 100 of the world’s leading enterprises including Agilent, Diebold, and EMC. Axeda Corporation is a privately held company headquartered in Foxboro, Mass. and can be reached at www.axeda.com.