Sigfox enters insolvency proceedings following difficulties

Sigfox has entered insolvency proceedings following difficulties mostly beyond the IoT network operator’s control.

In a statement to French daily newspaper Le Figaro, that we’ve loosely translated, Sigfox wrote:

“Toulouse Commercial Court has opened today, at the request of the CEO, a judicial reorganization procedure for the benefit of Sigfox and its subsidiary Sigfox France SAS (operator in France), with an initial observation period of six...

Sigfox appoints Jeremy Prince as the company’s new CEO

Sigfox has announced the appointment of Jeremy Prince to lead operations at the global IoT network provider.

Prince replaces Ludovic le Moan who co-founded Sigfox and served as its CEO since December 2010.

“I wish the very best to Jeremy and I am confident that he will lead Sigfox to the next level” said le Moan.

Anne Lauvergeon, Chairman of Sigfox, commented:

“We have the greatest gratitude for Ludovic’s leadership of Sigfox for the past 10...