Wyless acquires majority stake in engineering firm ClearConnex

Boston, USA, 1st May 2012 — Wyless, the leading global Machine to Machine ( M2M ) managed services provider announced today that it has completed the acquisition of a majority stake in ClearConnex Inc, an innovative wireless M2M device engineering company based in Research Triangle Park, NC., USA.

ClearConnex provides end-to-end engineering services including board level design, embedded software, project management, outsourced technical support and certification services. ClearConnex also has a licensable device management software platform, ClearComm, that speeds the development of applications in many of the most popular integrated platforms. The acquisition by Wyless includes a strategic investment in ClearConnex in order to accelerate its market position in engineering services as well as the development and adoption of the ClearComm as a leading device management protocol.

Ryan Rangel, who has run ClearConnex, since he founded the company four years ago, joins Wyless as VP of Engineering Services and will continue to run the day to day operations of the company as a subsidiary of Wyless.

“The addition of Clearconnex to the Wyless Group of companies and Ryan Rangel to our management team brings us one step closer to being a full end-to-end M2M Managed Services Provider,” said Dan McDuffie, CEO Wyless. “Ryan will work with Wyless to promote Engineering Services through ClearConnex, to further develop ClearComm, integrating it with Porthos and to assist Wyless partners in getting to market faster. We are really excited to roll out this new menu of engineering services through our investment in ClearConnex”

Ryan Rangel added: “This is a natural next step that builds on the close working relationship that ClearConnex has developed with Wyless and our joint customers over the past
18 months. I see this as an opportunity to continue to promote our “Start Ahead, Finish Ahead” philosophy and to introduce new service offerings from Wyless including bundling network services with our products and engineering services “

About Wyless
Wyless is the leading global M2M managed services provider. Our resilient platform, delivered in partnership with the world’s largest network operators, provides secure, reliable communications with wireless devices in over 120 countries. Powerful management tools offer real-time reporting and control over all devices connected to our network. Wyless delivers a comprehensive suite of managed services with unrivalled expertise, professional support and competitive pricing. We enable our customers and partners to deploy M2M applications and services faster, cheaper and more effectively.
The world’s most advanced M2M Platform from the world’s most trusted M2M partner.
For more information about Wyless, please contact:
Barry Nay, CMO
+44 (0)1895 454 674
barry.nay@wyless.com
www.wyless.com

About ClearConnex
RTP North Carolina-based ClearConnex specializes in finishing any wireless device project ahead with expert engineering services that build upon innovative product platforms. To start projects ahead, ClearConnex provides a proven set of licensable software and hardware products as customizable building blocks. This approach combines the flexibility and functionality of custom development with the cost effectiveness of an off-the-shelf solution-an industry first.
Ryan Rangel, President
949-266-7369
ryan@clearconnex.com
www.clearconnex.com