Pareteum buys mobile location solutions specialist Devicescape

PareteumCloud software communications company Pareteum Corporation has acquired Devicescape, a mobile location and engagement solutions provider. The terms of the deal have not been disclosed.

With the acquisition, Pareteum customers will now be able to engage and connect end users and devices at public places around the world using Devicescape’s software solution, which triggers presence alerts when devices enter venues.

Devicescape’s Curated Virtual Network (CVN), a software-based aggregation of pre-existing wi-fi access points, adds beacon functionality by automatically tagging each access point with data, including geographic location, venue type, venue name, and performance quality.

“This latest acquisition adds another dimension to the experiences Pareteum is able to power for our communication service providers, Smart City, and IoT customers through our Super API,” said Hal Tuner, executive chairman and principal executive officer at Pareteum. “Location awareness is set to become fundamental to mobility services and Devicescape is an excellent fit with our cloud software-based, infrastructure-free model for the provision of compelling connected experiences. I am delighted to welcome Dave and his staff to the TEUM.”

The deal has added 33 patents to Pareteum’s global intellectual property portfolio, while key engineering and executive talent has joined the company from Devicescape, including CEO Dave Fraser and CTO John Gordon.

“I am excited that Devicescape has become part of Pareteum, not least because of our shared ambition to provide customers with everything they need to create connected services which will change the way people experience and interact with their world,” said Fraser. “I look forward to working with Hal and the TEUM to make this vision a reality.”