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Transaction Network Services acquires Brazilian IoT technology provider

January 22, 2019

Transaction Network Services has acquired mobile and Internet of Things communications specialist Link Solutions Eireli, known as Link, a move that will facilitate TNS's expansion in Brazil, according to a press release.

The acquisition of the family-owned business gives TNS two new offices in Brazil, 65 new employees and an extensive base of customers in mPOS, transportation, security and tracking industries who collectively use more than 500,000 Link-managed SIMs in the country. Combined with TNS' existing SIM network, TNS now manages almost a million SIMs worldwide. 

"We expect to see a lot of interest in our wider range of fintech solutions, such as dial, encryption, tokenization, payment gateway, unattended payments and financial markets connectivity, among others," George Zirkel, TNS senior vice president of global strategy, said in the press release.