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Telia Company’s subsidiary Fältcom to connect traffic lights in New York City

Press Releases   •   Mar 14, 2017 10:32 GMT

Fältcom, a Telia Company subsidiary, has closed a prestigious deal with the New York City Department of Transportation for an IoT-upgrade of 475 traffic lights to create better and safer traffic flow at intersections.

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Fält Communications is acquired by Telia Company

Press Releases   •   Feb 01, 2017 11:16 GMT

Industrifonden and SEB Venture Capital sells its entire holding in Fältcom to Telia Company.

Since the start in Umeå 1998 Fältcom has established itself as a leading innovator in the international IoT arena. Connecting vehicles, machines and buildings globally, Fältcom enables customers to manage and analyze machines, buildings, and systems online.

Fältcom currently has more than 160,000 installed devices, 40,000 of which are online. Its technology is found in everything from elevators, Volvo’s test cars and thousands of buses across Scandinavia, to all Swedish weather stations and speed cameras. The company was selected as one of the 50 most promising IoT solution providers in 2016 by CIO Review.

Industrifonden and SEB Venture Capital made their first investments in Fältcom in 2010 and has now chosen to exit their holdings to Telia Company.

– The collaborative and innovative strategy of the company has paid off, and the company is ideally positioned to leverage the further dynamic growth in the IoT field, says Industrifonden investment manager Per Anell, adding: – We are delighted to have found an acquirer with the spot-on industry expertise to support Fältcom’s further expansion.

Recent Fältcom achievements include delivering a platform to VW Group’s Electronics Research Laboratory for a gas delivery service in Silicon Valley used by luxury connected cars and deliveries to New York City Department of Transportation (NYC DOT) enabling a program to improve the dissemination of traffic information at New York City bus stops.

“Fältcom and Telia Company share a common belief that open platforms and ecosystems are key to unleashing the endless possibilities of IoT. Having achieved a market leading position, we are really excited to join Telia Company. Together we'll strengthen our market position, open up significant growth potential and accelerate the rate at which we can create value for our customers and partners,” says Mikael Långström, CEO of Fältcom.

For more information, please contact
Mikael Långström, CEO, Fält Communications
Tel. +46 70 668 57 48
mikael.langstrom@faltcom.se

About Fältcom
Fältcom sells and develops systems with reliable and secure communication for services in machine-to-machine communication, M2M, and the IoT (Internet of Things). Fältcom was founded in Umeå in 1998 and currently has over 160,000 installed devices, 40,000 of which consist of the open MIIPS platform. MIIPS is found in everything from Volvo’s test cars to all Swedish weather stations and speed cameras, as well as thousands of buses, and regulates when the lights in cities like Malmö turn off and on every day, among other things. Fältcom is mostly owned by SEB Venture Capital and Industrifonden, and has about 40 employees at the headquarters in Umeå www.faltcom.se

About Telia
We’re Telia Company, the New Generation Telco. Our 21,000 talented colleagues serve millions of customers every day in one of the world’s most connected regions. With a strong connectivity base, we’re the hub in the digital ecosystem, empowering people, companies and societies to stay in touch with everything that matters 24/7/365 - on their terms. Headquartered in Stockholm, the heart of innovation and technology, we’re set to change the industry and bring the world even closer for our customers. Read more at http://www.teliacompany.com

Industrifonden and SEB Venture Capital sells its entire holding in Fältcom to Telia Company. Since the start in Umeå 1998 Fältcom has established itself as a leading innovator in the international IoT arena. Industrifonden and SEB Venture Capital made their first investments in Fältcom in 2010 and has now chosen to exit their holdings to Telia Company.

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Fältcom enables trial of luxury connected car gas delivery service in Silicon Valley

Press Releases   •   Nov 01, 2016 11:59 GMT

With help from Swedish IoT technology from Fältcom, luxury car owners never have to visit a gas station again.

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​New York's bus stops get smart with new IoT technology

Press Releases   •   Jan 20, 2016 14:04 GMT

NYC DOT is upgrading and connecting New York City's bus stops with IoT technology from Swedish company Fältcom to make NYC bus travel more convenient and attractive.

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What is the Internet of Things (and why won’t it solve all my problems)?

Blog posts   •   Aug 14, 2016 13:46 GMT

The IoT has become a “buzzword,” something everyone’s talking about. We’ve been working with this since 1998 and we’re overjoyed that the rest of the world is starting to see the possibilities. It is all about things, machines, systems and vehicles connected to a network, everything is connecting. But the really interesting thing is when all these features are tied together, forming a chain.

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The smart cities of the future

Blog posts   •   Aug 12, 2016 13:44 GMT

You have probably heard it before: urbanization continues and it is on the rise. It is often said that this means our cities have to get smarter. But what does it mean when a city is smart and how smart can it become?

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Public transport’s weird journey into the future

Blog posts   •   Aug 07, 2016 13:41 GMT

In big cities, this fact has become increasingly true: all travel and movement starts with a smartphone. Should you drive a car through town? Better check the traffic situation. Want to hop on a bus? Better see when it’s coming. Want to ride a subway to an area you’re not familiar with? Better check how to get there. Without a doubt, the smartphone has changed the situation for public transport.

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The Nostradamus of Machines

Blog posts   •   Jul 12, 2016 13:38 GMT

MIT Technology Review writes about a new app developed by an Israeli company. Auguscope, as the app is called, can listen to the sounds a machine generates. The sounds are then sent to a server that analyzes and compares them with a database of how the machine is supposed to sound. If something is strange, the app hears it and can give the user a warning that the machine needs to be serviced.

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Briefly on networking and IoT research

Blog posts   •   Jun 29, 2016 13:35 GMT

The British are ambitious when it comes to the Internet of Things. In 2014, they invested 40 million pounds on IoT research and now comes the news that they are creating an umbrella program of activities and research in the field: IoTUK.

The program will bring together technology companies with business, the public sector and academia, creating a testing ground to explore IoT applications in healthcare and much more.

In Sweden, we have not seen investments like this. The IT sector in general, and the IoT industry in particular, can cope just fine without government investments, but to create research and bring together business and academia, it does not hurt to have some common networks and resources.

In late 2015, the Swedish Digitization Commission released its final report to the government. Although it mentions the Internet of Things, we don’t see a strategy for the transition. The report is content to give a status report:

For industrial companies, digitization involves major changes in the development of products and production systems. It is all about data-driven innovations and development of the Internet of Things through automation, sensors and artificial intelligence. This will have major impacts on robotization of work and the data transferred to computers in the future. Development has now reached a level of maturity that in the next decade will enable significant new tools, products and services in the marketplace. Automation of manufacturing processes allows for great flexibility, customization and profitability, with lower volumes.

This is a very reasonable description of the situation. We can only hope that the government draws the right conclusions from the Commission’s ideas.

The British are ambitious when it comes to IoT. In 2014, they invested 40 million pounds on IoT research and they are creating a program of activities and research in the field: IoTUK. In Sweden, we have not seen investments like this. The IT sector can cope just fine without government investments, but it does not hurt to have some common networks and resources.

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The smart things of tomorrow

Blog posts   •   May 31, 2016 13:32 GMT

As we have mentioned before, at IoTlist.co you can spend hours browsing through all the cool stuff and smart things. Intelligent frying pans, flower pots, bags... almost everything will soon have a smarter and connected version. We have said it before, but it bears repeating. When a billion smart things are connected in the coming years, it must be through platforms and standardized solutions.

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Contacts 2 contacts

  • Press Contact
  • VP Global Sales Fältcom
  • tobias.andersson@faltcom.se
  • +46 90 18 39 02

  • Press Contact
  • CEO Fältcom
  • mikael.langstrom@faltcom.se
  • +46 70 668 57 48

About Fältcom

Shaping the Internet of Things

Fältcom sells and develops systems with reliable and secure communication for services in machine-to-machine communication, M2M, and the IoT (Internet of Things). Fältcom was founded in Umeå in 1998, and was early in the market for IoT/M2M, even by global standards. The first cloud-based solutions were already implemented in 2002.

Today, the company has over 160,000 installed devices, of which 40,000 consist of the open MIIPS platform. MIIPS is found in everything from Volvo’s test cars to all Swedish weather stations and speed cameras, as well as thousands of buses, and regulates when the lights in cities like Malmö turn off and on every day, among other things.

Fältcom is owned by Telia Company and has about 40 employees at the headquarters in Umeå. The company currently has sales offices and/or distribution partners in Scandinavia, the U.K. and North America.

The goal over the next three years is to increase annual sales from SEK 100 million to SEK 300 million, with ongoing investments in R&D corresponding to 50 percent of sales.
Mikael Långström is CEO.