The integration of Telit, Cinterion and Mobilogix into the new Telit Cinterion is nearly finished and has been marked by the appointment of Samuel Cochrane as chief finance officer.

With the milestone achieved, the company is moving forward with the execution of its growth roadmap in enabling the digital transformation market which is estimated by Fortune Business Insights to reach $6.8tn by 2029, growing at a CAGR of nearly 21% from 2022.

According to the analyst, the expected high growth rate is due to the rising adoption and investment in cloud infrastructure, IoT and 5G; all of which are streamlined into ready-to-use offerings from the combined Telit Cinterion.

Cochrane joined the Telit Cinterion executive team this month, bringing experience from a successful career in the technology space, and specifically IoT. In his previous tenure as chief finance officer at Sierra Wireless, Cochrane led his company in M&A activities and prior to that worked for top global technology brands in various finance management positions.

“Telit Cinterion is uniquely positioned for substantial growth as it ramps up its as-a-service sales,” said Cochrane. “I look forward to being a material contributor in enabling continued growth and profit.”

Paolo Dal Pino, CEO of Telit Cinterion, added: “We are executing our strategy, elevating Telit Cinterion into an IoT group. As global western leaders, we look forward to expanding our market leadership as we also upgrade our organisation. We welcome Sam as new group CFO as he joins the executive team for this exciting new phase.”

Telit Cinterion is an enabler of the intelligent edge providing complete offerings that reduce time to market and costs, delivering custom designed, ready for market connected devices in addition to maintaining a portfolio of enterprise-grade wireless communication and positioning modules, cellular MVNO connectivity plans and management services, edge-cloud software and data orchestration, and IoT and industrial IoT platforms.