Sigfox new owner looks to join IoT networks

Sigfox new owner looks to join IoT networks

Business news |
By Nick Flaherty

UnaBiz is to take over as the new owner of Sigfox, and is promising to converge the proprietary technology with other low power wide area networks for the Internet of Things (IoT), particularly LoraWAN.

The results of the receivership proceeding for Sigfox and its subsidiary Sigfox France SAS were unanimous, with UnaBiz endorsed as the best offer among nine initial bidders by the Jury, Administrators, the Public Prosecutor, Sigfox SA, Sigfox France SAS and Sigfox Employee Representatives.

“On top of securing the sales pipeline for Sigfox in the next 12 months as global markets emerge from the pandemic, UnaBiz and Sigfox will strive towards the convergence of LPWAN. The new Sigfox will reinvent itself and collaborate with other IoT communication technologies to seize new market opportunities,” said Henri Bong, Co-Founder and Co-CEO of UnaBiz.

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Over the next few weeks, the Administrators, Sigfox Management and the Employee Representatives will work alongside UnaBiz to ensure a smooth transition of ownership to Sigfox’s existing commercial activities.

Sigfox is headquartered in Labège, France, with offices in Dubai, Madrid, Paris, Sao Paulo, Singapore, and Tokyo and uses a proprietary protocol for low cost IoT communication. There are 75 Sigfox Operators around the world. There are 20 million connected devices and nearly 80 million messages sent a day.

UnaBiz is a Sigfox Operator for Singapore and Taiwan and has committed to safeguarding 110 existing employees out of a total of 174.  It is also making financial and operational assessments to protect the mission-critical network and backend systems, to address customers concerns.

“I want to thank the entire Sigfox community for supporting us, and the French government for authorising our investment. While the transition of ownership marks a new beginning for Sigfox, UnaBiz will definitely guarantee the French sovereignty of Sigfox,” said Bong.

To establish a more durable and collaborative global ecosystem, new strategies and governance will be put in place to facilitate engagements with Sigfox’ existing partners, customers, and Sigfox Operators. This is likely to include cooperation with other LPWAN networks, including LoRaWAN.;

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