Inseego is a San Diego-based mobile and fixed wireless connectivity company that provides fifth generation (5G) internet and IoT device-to-cloud solutions. The company focuses on wireless hardware modems and routers and partners with a range of network providers, including T-Mobile, AT&T, Sprint, Verizon, UScellular and Rogers. Inseego was founded in 1996 by Dan Mondor and is traded on the NASDAQ under the INSG ticker.
Inseego's fourth generation (4G) Long-Term Evolution (LTE) and 5G New Radio (NR) products include mobile hotspots, home and business routers, USB modems, telematics, and mobile tracking services. The company previously introduced the first 2G modems for mobile broadband and created the first MiFi hotspots for use in the first cellular Amazon Kindle.
The company also operates and provides Ctrack, a Software-as-a-Service (SaaS) that allows businesses to track and manage assets; namely business fleets associated with aviation, construction, government, and transport. Ctrack also supports device management solutions, which allows customers' wireless asset selection, deployment, and management. Inseego announced the sale of Ctrack's South African operations to Convergence Partners on February 24, 2021 for approximately USD$36,200,00 in an all-cash transaction.
The company's IoT and mobile solutions segment reached $72,100,000 USD in the fourth quarter of 2020, doubling sales compared to 2019. At the same time, revenue for Inseego's enterprise software-as-a-service (SaaS) segment declined approximately 7% to end 2020 at $14,000,000.
T-Mobile announced its T-Mo hotspot plan in December 2020, offering customers 100GB of 5G mobile hotspot data through Inseego's 5G MiFi M2000 for $50 per month. The deal, which drew attention over Verizon's $145 per month 40GB plan and AT&T's $145 49GB plan, was discontinued in late March.
Inseego Manage is a SaaS suite providing management for 5G and 4G devices, including Internet-of-Things (IoT) connected technology. The management suite can connect hundreds of Inseego devices, enabling businesses to operate and manage large-scale hotspot deployments. The suite includes multiple software applications that range from wireless security monitoring to device support.
Inseego Manage subscription pricing is based by device and can be purchased individually or by bundle, with long-term contracts available for both 5G and 4G LTE hardware endpoints.
Subscribe offers customers a multi-tiered telecom procurement and subscription management platform for wireless assets. The service allows streamlined and tailored purchasing options for larger enterprise and government customers.
Connect allows information technology (IT) teams and individuals to manage remote device configurations and monitor device health through alerts and reports. Connect also includes multiple dashboards that provide analytical insights on device use through real-time diagnostics and offers cloud-based web interface to reduce on-sight troubleshooting.
Secure provides unified cybersecurity for Inseego's 5G and 4G LTE networks, and includes live threat detection and mitigation for connection endpoints and the cloud. Secure was added to the Inseego Manage in early 2021.
Care is Inseego Manage's dedicated support service and includes phone, live chat, and knowledge-based access. The service also includes return merchandise authorization (RMA) replacement and offers device deployment configuration assistance.
Inseego offers fifth-generation wireless hardware devices and services, following past devices offering 2G, 3G and 4G LTE. The company mostly targets commercial customers, including industrial companies, public safety, transportation services, and utility providers. The company also offers multiple 5G wireless hardware products, including MiFi wireless routers and indoor wired routers.
The 5G MiFi M1000 is a 5G/4G LTE mobile hotspot modem that provides multi-gigabit Wi-Fi for up to fifteen devices, ethernet and USB-C ports for tethering.
The 5G MiFi M2000 is Inseego's newest 5G MiFi hotspot, providing multi-gigabit speed, 4G LTE fallback service, 24 hours of battery use and Wi-Fi 6 connections for up to thirty devices. The device was released alongside T-Mobile's launch of its first 5G hotspot service, which offered customers 100GB of mobile internet data for $50 per month. T-Mobile offered customers 50% off the Inseego MiFi M2000 when they added a line in December 2020, making the modem USD$168 compared to its standard $336 price point.
The Wavemaker FG2000 is Inseego's indoor router solution that provides broadband service to home and business, alongside Wi-Fi 6 support for up to 128 connections and direct ethernet connections.
The FW2000e is an outdoor Customer Premises Equipment (CPE) model that utilizes high-gain directional antennas to extend carrier networks and provide 5G fixed wireless access to customers. The router provides 5G and 4G LTE fallback connectivity, and is designed to withstand harsh weather conditions or temperature extremes with a IP67 rating.
The FX2000e is an indoor, cost-effective wireless solution targeted at small-medium businesses (SMB). The modem is compact and offers 5G and LTE broadband to homes and businesses through Wi-Fi 6 connectivity and ethernet for up to thirty two devices. The product connects to Inseego Connect, a cloud-based software that configures devices and allows management and security for large-scale business deployments. The FX2000e was announced for global use and sale on March 31, 2021.
Ctrack is a global SaaS established in the 1980s and operated by Inseego, aimed at providing business fleet management and telematics. The service offers fleet management, driver management, and asset tracking in over fifty countries worldwide. Ctrack utilizes GPS tracking, onboard cameras and sensors to monitor assets and collects data to offer businesses insight on fuel consumption, driver behavior, route conditions and cargo conditions.
Route is a routing optimization solution developed to improve time management and reduce planning time for fleet operations. The service automates route planning in order to generate savings on a cost-per-route basis.