Aeris Communications completed the acquisition of IoT business of Ericsson.

Aeris Communications, an Internet of Things solutions provider, completed the acquisition of IoT business of Ericsson, a Swedish multinational networking and telecommunications company. Financial terms were not disclosed. "Building the best technology to support the success of our customers and drive innovation in the IoT space have always been at the forefront for Aeris. Our intelligent, software defined IoT network and Ericsson's leading connectivity management platform will provide the leading IoT technology stack in the industry. We look forward to bringing these new, transformational IoT solutions and Ericsson's IoT Accelerator and Connected Vehicle Cloud products to our customers," Marc Jones, Aeris President and CEO.