Matooma

About Matooma

Matooma operates as a specialized enabler in the Machine-to-Machine (M2M) and Internet of Things (IoT) connectivity sector, offering solutions for companies to manage and communicate with fleets of connected devices. The company was established in Montpellier, France, in 2012 by Frédéric Salles, his wife Nadège Salles, and John William Aldon. Frédéric Salles, an IT engineer with a background at IBM and a decade-long tenure at SFR, including as national M2M business engineer, identified the market need for simplified IoT connectivity management. His entrepreneurial journey began after his former employer did not pursue the project idea and following a period of unemployment.

The company’s core business revolves around providing single and multi-operator M2M SIM cards, which are crucial for ensuring continuous connectivity for IoT devices. A key product is the MatooCard, a multi-operator SIM that automatically scans for and connects to the strongest available network, thereby ensuring service reliability for critical applications like healthcare monitoring and security alarms. This service covers 180 countries through partnerships with 540 operators. Matooma's business model is B2B, serving a diverse client base that ranges from startups to large corporations and municipalities, including notable clients like Securitas, Legrand, and Europ Assistance. Revenue is generated through tailored, commitment-free subscription plans for its connectivity services.

Complementing its SIM cards, Matooma provides the M2MManager, a proprietary platform that allows clients to centrally manage their entire fleet of SIM cards. This platform facilitates the activation, suspension, and monitoring of SIMs, providing tools for tracking consumption and generating statistics. In 2016, the company expanded its offerings with MatooWan, a secure private network service designed to protect data exchanges between connected devices and a client's information system. Following a period of significant growth, which included a €1.38 million seed funding round in 2014, Matooma was acquired by the UK-based Wireless Logic Group on July 25, 2019, positioning it as a key part of the group's French operations.