Novatel buys Internet of Things firm for $25 million

Novatel buys Internet of Things firm for $25 million

Acquisition of Feeney Wireless will boost MiFi maker’s IoT footprint by: Mark Freeman 4.10.15 MiFi maker Novatel Wireless has acquired family-owned Internet of Things technology provider Feeney Wireless for $25 million in stock and cash – furthering the San Diego company’s strategy of bulking up though acquisitions. Novatel, which announced the deal last week, said the total purchase price could rise to $50 million over the next four years if Feeney hits financial targets. “This…

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