Mercato Partners' Traverse Fund Portfolio Company Cradlepoint Acquired for $1.1B

AeroNet | September 19, 2020

Today, Ericsson, a global leader in Information and Communication Technology (ICT), announced its acquisition of Cradlepoint, a Mercato Partners Traverse Fund III portfolio company for $1.1B. This marks the second $1B-plus acquisition for a Mercato Partners Traverse Fund company and the third overall in 2020. The first came in April during the onset of the pandemic, as Salt Lake-based Galileo Financial Technologies was acquired by fintech giant SoFi for $1.2B. This announcement adds to a busy year for Mercato, which saw Utah-based Central Logic acquired by Rubicon Technology Partners in June.


Travelers to Alaska may notice they can surf the Web faster now from their 4G LTE wireless phones and tablets from Verizon Wireless. And, that vacation photo of a glacier from the nation’s largest state, shot from the side of the road, can now be sent with greater speed.

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Global Secure SD-WAN Solutions Thrive as Organizations Turn to Cloud and 5G

Frost & Sulliva | June 28, 2022

Secure software-defined wide area network (SD-WAN) global demand increases as organizations strive to meet security concerns and improve the employee experience. Frost & Sullivan's recent analysis finds that the global secure SD-WAN solutions market is expected to reach $6.52 billion by 2026 from $1.67 billion in 2021 at a compound annual growth rate (CAGR) of 31.3%. As an effective solution, secure SD-WAN natively integrates the networking and security functions with simplified deployment and management. A wide area network allows devices to communicate and share information with other locations around the world. SD technology turns the control plane of these networks into software that can be managed from a centralized location. Secure SD-WAN includes a next-generation firewall; however, customers can use the broader security capabilities offered under these solutions. "Organizations' IT environments are becoming more complex with the expanding network traffic across on-premises, public cloud, and branch locations," said Vivien Pua, Security Senior Industry Analyst at Frost & Sullivan. "In such instances, secure SD-WAN offers organizations an efficient and cost-effective approach to manage their networks across multiple locations while retaining the security functionality." Pua added: "Due to the rising adoption of new technologies such as 5G networks, cloud services and the Internet of Things (IoT), organizations need to transform their networks to offer employees and customers a reliable network performance and security protection, especially when it comes to distributed organizations with multiple branches. This trend will increase the adoption of secure SD-WAN and continue to rise over the next 1-2 years." Organizations' increasing demand for embedded security in SD-WAN solutions presents massive growth opportunities for market participants, such as: Providing integrated security and analytics functionalities on top of SD-WAN solutions to help gain a competitive edge over pure SD-WAN vendors and service providers. Increased security features integrated into the solution to maintain a secure environment. Platforms that can centrally manage deployments, configurations, and ongoing operations with complete visibility, analytics, and reporting across the entire network should be provided to customers. Global Secure SD-WAN Solutions Growth Opportunities is the latest addition to Frost & Sullivan's Security research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. About Frost & Sullivan For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success.

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Sequans to Expand 4G and 5G Partnership with Renesas

Sequans | January 06, 2022

Sequans Communications S.A. (NYSE: SQNS), a leading provider of cellular IoT chips and modules, announced an expansion of its existing 4G/5G licensing agreements with Renesas Electronics Corporation (TSE:6723, "Renesas"), a premier supplier of advanced semiconductor solutions, granting special rights to Renesas that strengthen the go-to-market opportunities for Sequans' LTE-M/NB-IoT Monarch 2 and Taurus 5G platforms. In particular, by building on Renesas' extensive sales, distribution and customer support capabilities, the deal allows Sequans to expand its serviceable addressable market to India. Additionally, Renesas will take a small equity stake in Sequans, and Renesas' Executive Vice President and Head of IoT and Infrastructure business unit, Dr. Sailesh Chittipeddi, will be nominated for election to the Sequans board of directors at the June 2022 shareholder meeting. The combined value of the business agreements and the equity investment, which is expected to close by January 14, 2022 subject to customary closing conditions, is approximately $20 million. These multi-year agreements are designed to allow Sequans and Renesas to achieve several mutually beneficial goals. First, the agreements provide better control of manufacturing and product cost, which is especially important given the current supply challenges. Second, the agreements reinforce the joint product offerings and expand market opportunities. Third, the equity stake and board seat facilitate management alignment to strengthen the partnership and make the joint business successful. "We are pleased to further strengthen our relationship with Renesas with both the LTE-M/NB-IoT and 5G businesses, as well as the opportunity to add Dr. Chittipeddi to the Sequans board,The expanded agreements reinforce our sales strategy and provide access to numerous new opportunities with a unique competitive solution while allowing us to leverage Renesas' strong global brand and manufacturing advantages." -Georges Karam, CEO of Sequans. Renesas values Sequans' comprehensive cellular IoT offering, which brings our global customers and us advanced 4G/5G IoT capabilities that can address the broadest scope of applications and develop new markets with unique needs," said Dr. Sailesh Chittipeddi. "Our deepening collaboration with Sequans enhances our global presence with best-in-class cellular IoT solutions. About Sequans Sequans Communications S.A. (NYSE: SQNS) is a leading developer and supplier of cellular IoT connectivity solutions, providing chips and modules for 5G/4G massive and broadband IoT. For 5G/4G massive IoT applications, Sequans provides a comprehensive product portfolio based on its flagship Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms, featuring industry-leading low power consumption, a large set of integrated functionalities, and global deployment capability. For 5G/4G broadband IoT applications, Sequans offers a product portfolio based on its Cassiopeia Cat 4/Cat 6 4G and high-end Taurus 5G chip platforms, optimized for low-cost residential, enterprise, and industrial applications. Founded in 2003, Sequans is based in Paris, France with additional offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, South Korea, and China. Visit Sequans online at, and follow us on Twitter and Linked-In.

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T-Mobile and Cradlepoint Partner to Deliver 5G Fixed Wireless Internet Solutions Designed for Businesses Nationwide

T-Mobile | May 05, 2022

T-Mobile (Nasdaq: TMUS), home of America’s largest and fastest 5G network, and Cradlepoint, part of Ericsson (Nasdaq: ERIC), are joining forces to deliver an enterprise-grade custom-designed all-in-one 5G router for T-Mobile Business Internet customers. Together, these two industry leaders will deliver a compelling fixed wireless solution tailored to organizations that depend on fast, flexible, and secure internet with managed services for their business operations. Now, businesses with single or multiple retail, multi-tenant office, and remote work locations nationwide will be able to get T-Mobile Business Internet. Businesses currently have limited internet options, with many internet providers offering glorified consumer internet. They need solutions that can be deployed quickly for all their locations nationwide, as well as enhanced security and management capabilities for peace of mind and control. Enter T-Mobile Business Internet + Cradlepoint E320 all-in-one router This new solution is the first to combine Cradlepoint’s custom-designed E320 5G router and NetCloud Service with T-Mobile's nationwide 5G footprint and managed services capabilities. The router takes minutes to install and run, bringing businesses the speed, flexibility, security, and managed services they require. “5G offers incredible opportunities for businesses and governments to drive innovation, reinvent their operations, and transform how they serve their customers. Until now, they have been stuck with other internet provider offerings and technology that are low on satisfaction,” said Callie Field, President, T-Mobile Business Group. “T-Mobile is the only provider with a network large enough and fast enough to meet the needs of diverse organizations. The Un-carrier is the first and only provider that can offer enterprise-grade 5G fixed wireless from coast to coast, and together with another proven 5G technology leader in Cradlepoint, businesses can expect a powerhouse solution.” 5G is the essential transformational technology of our time. What sets Cradlepoint apart is our ability to unlock the power of 5G for business with edge-to-core cellular intelligence and enterprise-class solutions powered by our NetCloud Service. We are uniquely able to provide business customers with the 5G performance, security, and management they need." Pankaj Malhotra, Chief Product Officer at Cradlepoint. The joint fixed wireless solution from T-Mobile for Business and Cradlepoint will be available soon with select T-Mobile Business Internet plans and services. About T-Mobile T-Mobile U.S. Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with providing them the best possible service experience, and undisputable drive for the disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile, and Sprint. About Cradlepoint Cradlepoint is a global leader in cloud-delivered 4G and 5G wireless network edge solutions. Cradlepoint’s NetCloud™ platform and cellular routers deliver a pervasive, secure, and software-defined Wireless WAN edge to connect people, places, and things — anywhere. More than 28,500 businesses and government agencies worldwide, including many Global 2000 organizations and top public sector agencies, rely on Cradlepoint to keep mission-critical sites, points of commerce, field forces, vehicles, and IoT devices always connected. Cradlepoint was founded in 2006, acquired by Ericsson in 2020, and operates today as a standalone subsidiary within Ericsson’s Business Area Technologies and New Businesses. Cradlepoint is headquartered in Boise, Idaho, with development centers in Silicon Valley and India with international offices in the Asia Pacific, Canada, Europe, and Latin America.

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TerraMaster Launches New F2-423 and F4-423 Intel Quad-core NAS offers Twin 2.5GbE and Twin M.2 SSD Caching

TerraMaster | April 25, 2022

TerraMaster, specialists in innovative storage products, have announced its latest F2-423 (2-bay) and F4-423 (4-bay) NAS devices. As a powerful entry point for prosumer and SMB use, the F2-423 and F4-423 offer superb performance even in multi-user environments and features that integrate within office IT systems. Both can be further expanded with TerraMaster USB DAS devices to provide multiple or extended storage spaces that growth as a business does. Upgraded Performance and Reliable Operation The F2-423 and F4-423 features an upgraded Celeron N5105/5095 quad-core CPU with faster peak speeds of 2.9GHz, while also improving power-efficiency versus the previous generation. An in-chip AES-NI engine provides real-time encryption capability, and a dedicated 4K multimedia decoding engine means video streaming direct from the NAS is reliable and power-efficient. Generational performance improvements are notable: in high workload scenarios, the 423-series performs up to 50% better than the previous generation, with a 37% increase in file and photo retrieval speeds, a 35% increase in database response speeds, and a 40% increase in webpage PHP response speeds. Twin 2.5GbE Connectivity Two 2.5GbE ports can be used individually or aggregated for 5Gb/s network bandwidth. Data transmission speeds can reach up to 283 MB/s in real-world scenarios (Seagate IronWolf 18TB, RAID 0), providing a cost-effective solution for multi-user, high workload file access. Business-centric Applications Support for many file services (SMB, AFP, SFTP/FTP, iSCSI, NFS, and WebDAV) enables the F2-423 and F4-423 to successfully address cross-platform file service needs of different network environments. Both the F2-423 and F4-423 support Windows AD domain and LDAP required for seamless incorporation into existing business IT environments, while its permission management helps ensures data security. A variety of backup solutions including Cloud-based services are supported, as well as professional virtualization apps, including VirtualBox and Docker, and by cooperating with Docker-compose and Portainer. About TerraMaster TerraMaster is a professional brand focuses on providing innovative storage products, including network attached storage, direct attached storage and thunderbolt 3 storage that has become increasingly popular in over 40 countries and regions. The brand has been developing storage technology for 10 years, addressing the needs of customers such as small and medium businesses and home users. With the core competitiveness in excellent hardware design and strong software developing ability, TerraMaster are well known among customers with the great reliability and value.

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Travelers to Alaska may notice they can surf the Web faster now from their 4G LTE wireless phones and tablets from Verizon Wireless. And, that vacation photo of a glacier from the nation’s largest state, shot from the side of the road, can now be sent with greater speed.