Within the last few years, the Internet of Things (IoT) has become a focus in the tech sector. Many companies are beginning to offer “smart” products, which are able to connect to the internet. Therefore, creating an entirely new market segment for managing these smartphones, tablets, cars, machinery, shipping containers, and much more.
Utilizing QNX, BlackBerry is seeking to capture a chunk of the IoT market. Companies will be able to use BlackBerry’s BES12 system to track many aspects of their overall operations. For example, with QNX automotive capabilities, fleet managers and companies could use the technology to monitor usage in real time.
QNX is already embedded within 50 million vehicles and growing. BlackBerry has certainly positioned themselves well ahead of most of their would-be competition in the Internet of Things. Though, there is one other Canadian company in particular that may take BlackBerry to battle over IoT.
Sierra Wireless is continuing to grow its market share following the completion of the USD $90 million acquisition of Swedish firm Maingate. Sierra Wireless will gain an additional 500 customers in Europe with a combined 500,000 devices on its network.
Maingate was founded in 1998 and specializes in machine-to-machine and cloud-to-device communications. The acquisition is expected to add a modest $6 million in EBITDA per year to Sierra Wireless’ books.
Sierra Wireless stocks have been performing quite well with a year of exponential growth on the TSX. Unlike BlackBerry, which sees constant fluctuation and a recent 20 percent drop after a 30 percent gain from false rumor of a Samsung takeover bid.
However, it will take much more than a single aquisition for Sierra Wireless to keep its footing should BlackBerry give a sizable pushback in the coming IoT war.