Birdstep Technology, now restructured with a new focus, publishes a detailed Information Document describing the sale of Birdstep Technology Oy (Secure Mobility)
Birdstep Technology ASA (OSE: BIRD) has today released an Information Document following the sale of Birdstep Technology OY. In the document the reader will receive detailed information about the transaction and the rationale behind the sale. This transaction enhances Birdstep’s capital structure, providing growth capital for the core business. Link to Information Document
After the transaction on January 2nd 2015 Birdstep is now structured with a more determined focus and is prepared and equipped to execute entirely on our Smart Mobile Data business, offering advanced HetNet, Big Data Analytics and Mobile Advertising solutions for Mobile Network Operators, Cable Network Operators, IoT and Device Manufacturers. With our new focus and capital we will drive sales by expanding geographically, further develop product portfolio and strengthen the company´s position in high growth markets.
While Birdstep has become a leader in the area of WiFi Offload, a new and larger opportunity has evolved from WiFi Offload into what is becoming known as the Heterogeneous Network (HetNet). The HetNet is the process of the Mobile Operator consolidating their cellular and WiFi networks into a single cohesive service offering. Birdstep provides the technology for mobile operators to enable the HetNet service for their mobile consumers.
The HetNet opportunity arises as service providers provide seamless network access to smart phones (currently 2 billion and growing 20%) and smart mobile devices, such as iPads, (currently 500 million and growing 30%) through the orchestration of cellular and WiFi networks. Birdstep is the technology leader in smart HetNet access, and is used by 41 million smart devices and growing. ”This market is only 4% penetrated, which means that we have a lot of room to scale.” said Lonnie Schilling, CEO of Birdstep Technology ASA.
In 2015 Birdstep aims to lead in providing mobile operators with an intelligent addition to their HetNet and ease the challenge they have with improving coverage and capacity on their networks. Mobile operators will continue to pursue technological advancements to address demand and the Intelligent HetNet is the solution.
“Our discussions with mobile operators globally has confirmed that WiFi is the enabling technology being adopted to enable the HetNet. We believe that 2015 will be the year that operators around the world, including MVNO’s and cable operators, will be more aggressive in their use of the HetNet to address their customers massive growth in mobile data consumption” Schilling continued.
Birdstep will address how to manage those challenges when participating in many events globally; Mobile World Congress in Barcelona, Asia Summit in Singapore, WBA Global Congress in London, Carrier Wi-Fi Summit in London and Dallas, CTIA in Las Vegas and MENA Summit in Dubai.
About Birdstep Technology
Birdstep Technology is a leading provider of Smart Mobile Data for mobile network operators, mobile virtual network operators, cable network operators and OEMs. Birdstep delivers industry-leading solutions for wireless connectivity and service management. Birdstep is listed on Oslo Stock Exchange. www.birdstep.com
For further information please contact:
Marie-Louise Nilsson Kanon
VP Market Communications
+46 70 2325998