Ericsson Closes Acquisition of Machine to Machine Technology Platform
- August 30, 2011
August 30, 2011- Ericsson announced the completion of the acquisition of machine to machine (MTM) technology from mobile telecommunication provider, Telenor. M2M technology is used to capture event information from a device and forward it over a wired or wireless network to a software application. M2M is currently used in a variety of applications including smart meters, inventory management, and mobile payments.