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IS buys out LayerOne

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Internet Solutions (IS) has taken a 100% shareholding in LayerOne, buying the 49% of the company that it didn't previously own. 

Prior to this, the company operated as a joint venture, providing IS customers with mobile services such as Nokia Intellisync, virtual APNs, Internet data bundles and hardware for HSDPA.
Hillel Shrock, director: business solutions at IS, says it makes good strategic sense for IS to own LayerOne in its entirety.
“We have a drive to grow in the mobility space and deliver a broader range of focused corporate GSM solutions to our customers. This acquisition of the remaining shareholding in LayerOne allows us to merge it with our mobile solutions business unit.
"There are a number of talented individuals within LayerOne who will assist IS to continue to innovate in the mobile space. IS’ customers and their employees increasingly rely on access to their corporate applications and data, wherever they happen to be working. We look forward to taking enhanced mobility solutions to our customers in a very compelling way.”
The combined business within Internet Solutions will focus completely on mobile solutions in the GSM space, which includes the LayerOne traditional business and services, as well as the IS traditional provision of corporate APN solutions aimed primarily at extending companies networks securely to their mobile users and branches.
Stuart Hardy, CEO of LayerOne, says: “In the last few years LayerOne have enjoyed a strong relationship with Internet Solutions. We believe that a good portion of the success we have attained can be attributed to our partnership approach and the willingness of IS to invest in new technologies and ideas. Together we can consolidate and combine our experience and technology edge to provide our clients with the best there is to offer in the mobile space.”