San Diego-based Inseego announced on Monday morning that it has named Robert Barbieri as its Chief Financial Officer. Barbieri has been serving as the company s interim CFO since April. Barbieri was previo
socaltech.com
San Diego-based
Inseego, which develops 5G and IoT equipment, including wireless hotspot hardware, says it is selling off the South African operations of its subsidiary,
Ctrack, to private equity firm
Convergence Partners. According to Inseego, an affiliate of Convergence Partners will acquire the South African operations of Ctrack for approximately 529 million South African Rand (ZAR) (approximately $36.2 million USD based on an exchange rate of 14.62 ZAR to USD) in an all-cash transaction. The company said the deal is part of a strategy to focus solely target markets that are closely aligned with the growth of our 5G business.
socaltech.com
San Diego-based
Inseego is continuing to roll out its 5G, mobile hotspots internationally, saying this morning that is Inseego 5G MiFi M2000 mobile hotspot is now available in Japan. The product is available from Japan s Grape One Ltd., which is a subsidiary of Sumitomo Corporation. Grape One Ltd. is offering up local 5G for cable television companies throughout Japan. Inseego did not say what kind of shipment volumes it expects into Japan for its device.