Telia Company AB acquires Axelerate Solutions AB, and TrueSec Invest AB sells its shares
In 2016, TrueSec Invest AB made an investment in the tech company Axelerate Solutions AB, and now 15 months later, Telia Company AB has acquired it. TrueSec has sold its interest as part of the acquisition.
A Swedish version of this article is avaliable as a PDF “TrueSec Invest AB säljer sin del i Axelerate Solutions till Telia Company AB”.
Axelerate Solutions offers a technical solution to simplify and deliver Internet of Things services for its customers. TrueSec was attracted by Axelerate Solutions’ platform for simplying the delivery of Internet of Everything solutions for its customer. The solution enables customers to quickly and easily get started with IoT solutions and business by reducing costs and generating new revenue streams. The company has quickly reached a wide range of different businesses and operates in several vertical markets. The platform is based on Microsoft Azure technology and supports the delivery of services for all vertically affiliated companies.
Axelerate’s fast and stable journey has impressed observers internationally, including in the enterprise world. Its knowledge and technology platform now gets the chance to be more fully utilized and scaled under Telia’s strong brand and organization. It will be interesting to follow Telia’s IoT journey forward.
TrueSec was attracted by Axelerate Solutions’ platform for simplying the delivery of Internet of Everything solutions for its customer.
“TrueSec Invest AB is looking forward to making new investments. There is a great need for bridges between startup companies and companies in need of technology infusions,” says Anna Averud, CEO TrueSec Invest AB. “It’s a good time for us to act, with our avaliable resources and technical skills, to find interesting companies, ideas, and people to invest in. For now, we are primarily interested in IT security services of different kinds.”