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Sierra Wireless tempts market turnaround with Octave offering

Sierra Wireless is pinning hopes of salvation on software and bundled services increasing the appeal of its wireless modules and edge devices. A depressing performance on the stock-market in recent years has prompted a rethink. Octave, the company’s newest offering, is aimed at Industrial IoT (IIoT) customers that want a simplified way to connected devices to their cloud environments. The company’s share price has hovered around $10-15 since falling from a peak of $47 in 2015 – likely a result of the initial hype surrounding the IoT dying off, and the consequent decline of investor enthusiasm. Formerly a hardware manufacturer, the company has pivoted to focus on software development that could be bundled with its equipment. We now know that…

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