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    Sierra Wireless Inc. (SWIR)

    -NasdaqGS
    19.22 May 23, 3:59PM EDT
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    Sierra Wireless Inc.

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    Business Summary 

    Sierra Wireless, Inc., together with its subsidiaries, engages in building the Internet of Things (IoT) with intelligent wireless solutions in North America, Europe, and the Asia Pacific. It operates in three segments: Original Equipment Manufacturer (OEM) Solutions, Enterprise Solutions, and Cloud and Connectivity Services. The OEM Solutions segment offers cellular embedded modules, software, and tools to integrate wireless connectivity into various products and solutions for OEM customers, including the AirPrime embedded wireless modules product portfolio; and Legato, an open source, Linux-based application framework. This segment provides its products and solutions to a range of industries, including automotive, transportation, enterprise networking, energy, sales and payment, mobile computing, security, industrial monitoring, field services, and healthcare industries. It also offers professional services to OEM customers during their product development and launch process. The Enterprise Solutions segment provides a range of second, third, and fourth generation cellular embedded wireless modules and gateways, as well as security and device management solutions, and professional services to public safety, transportation, field service, energy, industrial, retail, and financial enterprises. The Cloud and Connectivity Services segment provides secure and scalable cloud based platform for IoT applications; connectivity services, which include smart SIM supported by mobile networks; and managed wireless broadband services. Sierra Wireless, Inc. sells its products directly, as well as through various indirect channels, such as OEMs, distributors, value added resellers, and mobile network operators. The company was founded in 1993 and is headquartered in Richmond, Canada.

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