Netgem switches on PlugnSurf
Pascale Paoli-Lebailly ©RapidTVNews | 19-06-2012
Netgem has announced the acquisition of French start-up PlugnSurf, founded in 2009 by David Remaud and Yann Lopez, which has developed and marketed the WOBE mobile connectivity device.
The device is claimed to be the first to incorporate a patented technology for automatic off-loading between mobile data (3G/4G) and Wi-Fi networks.
The integration of PlugnSurf will expand Netgem’s existing product offer and is also designed to help telecom operators optimising their investments into mobile data networks. The Wi-Fi off-load technology mastered and patented by PlugnSurf is regarded as essential to alleviate the growing congestion on mobile networks, particularly for video streaming.
This acquisition of PlugnSurf is in line with Netgem’s international development plan and will allow it to develop new business, with mobile operators. Netgem will finance this transaction on its own balance sheet and assures that it will continue to develop profitably, retains a significant capacity to make investments and maintain it objective to double its international revenue by the end of 2014.