Telit Cinterion Enters New Phase in its Accelerated Growth Roadmap, Hires Samuel Cochrane as CFO
IRVINE, Calif., June 1, 2023 /PRNewswire/ -- Telit Cinterion, a global enabler of the intelligent edge, today announced its near completion of a successful integration of Telit, Cinterion, and Mobilogix into the new Telit Cinterion, and its innovative model for IoT enablement that is fully prêt-à-porter. With the key milestone achieved, the company quickly moves forward with the execution of its growth roadmap that leads to global leadership enabling the digital transformation market which is estimated by Fortune Business Insights™ to reach 6.8 trillion dollars by 2029, growing at a CAGR of nearly 21% from 2022. According to the analyst, the expected high growth rate is due to the rising adoption and investment in cloud infrastructure, IoT, and 5G; all of which are streamlined into ready to use offerings from the new Telit Cinterion.
Samuel Cochrane joins the Telit Cinterion executive team on June 1st, bringing experience from a successful career in the technology space, and specifically IoT. In his previous tenure as Chief Finance Officer in the IoT industry, Cochrane led his company in major M&A activities and prior to that worked for top global technology brands in various finance management positions.
"Telit Cinterion is uniquely positioned for substantial growth as it ramps up its solutions and 'as-a-service' sales," said Samuel Cochrane, Telit Cinterion Group CFO. "I look forward to being a material contributor in enabling continued growth and profit."
For more information on Telit Cinterion management, visit https://www.telit.com/about/about-us/.
About Telit Cinterion
Copyright © 2023 Telit IoT Solutions Holding Ltd. and/or its affiliated companies. All rights reserved. Telit Cinterion, Telit, OneEdge, Cinterion, and all associated logos are trademarks and/or registered trademarks of Telit Communications S.p.A, Telit Communications LTD, Telit IoT Solutions Holding Ltd. and/or their affiliated companies in the United States and/or other countries. Other names used herein may be trademarks of their respective owners.
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SOURCE Telit Cinterion
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