Matooma will join the UK-based European IoT connectivity leader and will strengthen its presence in continental Europe.
Founded 7 years ago and profitable for the past 3 years, Matooma is growing rapidly with 2,500 clients to-date and forecasts a revenue of €15m in 2019.
The transaction highlights Clipperton’s expertise in cross-border M&A transactions after a series of completed deals within last 12 months – e.g. NetRange (DE) sold to Access Co. (JP), Vide Dressing (FR) sold to Adevinta (NO), Musement (IT) sold to TUI (DE), etc.
Founded in 2012 by Frédéric Salles, John William Aldon and Nadège Salles in Montpellier, Matooma has grown rapidly since its inception and is now recognised for its expertise and innovation within the cellular IoT (Internet of Things) connectivity space, with a broad base of customers using their secure network solutions across multiple applications.
