Telus Ventures invests in British IoT company Eseye

Telus Ventures has invested C$26.3 million in Eseye, a Guildford, UK-based provider of internet-of-things connectivity solutions.

Telus Ventures has invested C$26.3 million in Eseye, a Guildford, UK-based provider of internet-of-things connectivity solutions. The deal is part of Eseye’s strategic partnership with Telus Ventures’ Canadian parent, Telus Corp, a communications and information technology business.

PRESS RELEASE

Guildford, UK: Eseye, a pioneer of leading-edge IoT connectivity solutions, has announced a new strategic partnership with world-leading communications and information technology company, TELUS, which will see Eseye’s AnyNet Connectivity Platform power TELUS’ newly launched TELUS Global Connect.

The partnership will also see TELUS’ strategic investment arm, TELUS Ventures, make a $26.3m CAD (£15m GBP) investment in Eseye. TELUS Ventures’ investment will enable Eseye to drive product development, customer success and expand sales and marketing activities to meet growing enterprise demand for ubiquitous and reliable global cellular IoT connectivity.

Eseye was selected to enrich the TELUS IoT offering by integrating its pioneering AnyNet Connectivity Platform into the TELUS portfolio, providing a white-labelled global IoT connectivity solution that delivers ubiquitous, near 100% global connectivity to TELUS customers. As a result, TELUS’ IoT customers can seamlessly customize and manage global cellular device connectivity, with devices accessing more than 700 mobile networks in over 190 countries.

“This strategic partnership and investment in Eseye marks an inflection point for the company. Our many years at the leading edge of cellular IoT connectivity have seen us deliver value to more than 2,000 customers across the globe. Today, this partnership validates our technology platform and goal to provide ubiquitous, cellular connectivity to devices anywhere in the world. We’re excited to be working with TELUS to deliver this new global IoT capability to its customers.”

Nick Earle, CEO of Eseye
This partnership provides localised IoT network access in key markets around the world, enabling competitive pricing, superior network performance, lower latency for data and application function, and a host of additional network features. This includes high availability, continuity of service, and resiliency that are critical to IoT customers. The AnyNet Connectivity Platform delivers options for integration into AWS and Microsoft Azure, providing exceptional market reach to convey connectivity management services to customers and developers integrating their own services on those cloud platforms. This capability will be crucial in meeting growing market demand for cloud virtualisation of services.

Empowering TELUS IoT customers with a platform designed to simplify global IoT connectivity, TELUS Global Connect offers a single SIM card with multi-IMSI carrier profiles, a single contract, and a single platform and connection partner to simplify and optimise global IoT deployments. TELUS’ investment in the eSIM partnership with Eseye enables a full spectrum of development potential in the near-term, including connecting and managing a range of OEM devices and alternative hardware platforms, enabling a significant return on customers’ investments in their mobile and fixed device fleets.

“We are constantly striving to provide better value and more flexibility to TELUS IoT customers, who already enjoy access to Canada’s largest dedicated IoT network. Now, TELUS Global Connect delivers a platform for customers to enjoy that same reliable connectivity beyond Canada’s borders in nearly every country on the planet. More than a standalone platform, TELUS Global Connect fulfills customers’ demands for an enterprise-grade network operation powering their products and services from connectivity through to built-in security and world-class support.

“By simplifying access to global networks, TELUS Global Connect removes a barrier to international expansion for many businesses, contributing to a stronger economy for us all. As evidence of our tireless commitment to help transform our customers’ organizations, our partnership for IoT connectivity management acknowledges the global nature and requirements of so many of our customers’ operations and is a clear signal of our intention to invest to satisfy those requirements, as our customers progress on their journeys to grow their businesses internationally.”

Mike Cihra, TELUS Vice President, IoT.
“TELUS is a leader in IoT connectivity and technologies in Canada, and this investment in Eseye will help to expand our IoT leadership across the globe, delivering our customers best-in-class IoT solutions,” said Rich Osborn, President and Managing Partner, TELUS Ventures. “Eseye’s innovative technologies and proven leadership in the IoT connectivity space make the company an excellent fit with TELUS and, together, brings a formidable strength to the global market.”

Rich Osborn, President and Managing Partner, TELUS Ventures

For more information on TELUS Global Connect, visit telus.com/iotconnectivity.

About Eseye
Eseye empowers businesses to embrace IoT without limits. We help them to visualize the impossible and bring those solutions to life through innovative IoT cellular connectivity solutions that enable our customers to drive up business value, deploy differentiated experiences and disrupt their markets.

Our pioneering IoT cellular connectivity solutions, versatile hardware, technical consultancy and round-the-clock support allows businesses to overcome the complexity of IoT design, development and deployment. We guide them every step of the way, so they can move forward with IoT projects without the fear of getting it wrong. Supported by our unique AnyNet Secure® SIM technology, Connectivity Management Platform and a powerful partner ecosystem, we help more than 2,000 customers to seamlessly connect millions of devices across 190 countries, agnostic to over 700 available global networks.
Find out more at www.eseye.com.

About TELUS
TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading communications technology company with $16 billion CAD in annual revenue and 16 million customer connections spanning wireless, data, IP, voice, television, entertainment, video, and security. We leverage our global-leading technology and compassion to enable remarkable human outcomes. Our longstanding commitment to putting our customers first fuels every aspect of our business, making us a distinct leader in customer service excellence and loyalty.

In 2020, TELUS was recognized as having the fastest wireless network in the world, reinforcing our commitment to provide Canadians with access to superior technology that connects us to the people, resources and information that make our lives better. TELUS Health is Canada’s leader in digital health technology, improving access to health and wellness services and revolutionizing the flow of health information across the continuum of care. TELUS Agriculture provides innovative digital solutions throughout the agriculture value chain, supporting better food outcomes from improved agri-business data insights and processes. TELUS International (TSX and NYSE: TIXT) is a leading digital customer experience innovator that delivers next-generation AI and content management solutions for global brands across the technology and games, ecommerce and FinTech, communications and media, healthcare, travel and hospitality sectors. TELUS and TELUS International operate in 25+ countries around the world.

Driven by our passionate social purpose to connect all citizens for good, our deeply meaningful and enduring philosophy to give where we live has inspired TELUS, our team members and retirees to contribute more than $820 million CAD and 1.6 million days of service since 2000. This unprecedented generosity and unparalleled volunteerism have made TELUS the most giving company in the world.