By leveraging WeFi technology, we can gain a significant edge in the core TruConnect mobile business and use our expertise in the MVNO market to create an entirely new business for TruConnect...
Los Angeles, CA (PRWEB) September 12, 2016
TruConnect Communications, Inc., one of the nation’s fastest growing prepaid mobile service providers, announced that it has formed TruConnect Technologies, LLC, a new unit that acquired the business, operating assets, and technology of WeFi, Inc.’s network operating activities. The company will be based in Los Angeles with an R&D innovation center in Tel Aviv.
Nathan Johnson, Chairman and co-CEO noted, “WeFi is a leading provider of intelligent wi-fi offload and mobile analytics in the network operator space. By leveraging WeFi technology, we can gain a significant edge in the core TruConnect mobile business and use our expertise in the MVNO market to create an entirely new business for TruConnect by expanding on the capabilities that WeFi has been selling into the network operator community.”
The company also announced several executive appointments to TruConnect Technologies. Raz Alon, a board advisor to WeFi and former CEO of Comverse Technologies has been named its CEO. Steve Becker, former head of sales and business development for WeFi, has been named its Senior Vice President of Sales and Business Development, Arie Shahan has been named its General Manager for Israel, and Yariv Lifchuk has been named Vice President of R&D.
Matt Johnson, co-CEO of TruConnect noted, “WeFi has built a very strong reputation in the network operator community. We were very pleased to bring several key members of the WeFi team over to help us grow this new business.”
Raz Alon, CEO of TruConnect Technologies stated, “For more than 5 years, leading network operators have been using WeFi’s products to improve mobile user experience and improve their bottom line. As part of TruConnect we have an opportunity to drive growth of the WeFi product by expanding into the MVNO arena, to create more possibilities around consumer connectivity and data-driven solutions, and to become an even more valuable resource for network operators. This is a very exciting time for all of us on the management team.”
Terms of the transaction were not disclosed. For more information contact Steve Becker at 404-234-4883 or sbecker(at)truconnecttech(dot)com.
TruConnect is one of the nation’s fastest growing providers of no-contract wireless voice, messaging, and data services. The company is focused on bringing vital wireless technology to consumers by providing affordable, flexible voice and data solutions. TruConnect has been providing wireless, residential and small business telecommunication services for more than 15 years under the Sage Telecom, Telscape Communications, and TruConnect Mobile brands. You can find TruConnect products at TruConnect retail stores located in Huntington Park, Chula Vista, and Panorama City, or by calling our customer service line at 1 (800) 430-0443. For more information, visit http://www.truconnect.com.