Escontech
About Escontech
Escontech is a Telecommunications company founded in 2022, and was acquired by Sovos Compliance in October 2022. It operates as a hotspot devices are provided to consumers, enabling helium network synchronization. Its focus areas include Telecom and Telecom End User Equipment and Services.
Company details
Escontech was founded in 2022 as a provider of hotspot devices targeted at consumers. These devices facilitate synchronization with the Helium network, a decentralized wireless infrastructure. Operations center on the technology sector, emphasizing consumer-accessible networking solutions. Services include device supply and network integration support, with a focus on practical wireless connectivity. No specific geographic details are available for its activities.
- Stage Acquired
- SectorsTelecommunications
- Website escontech.com
- Acquired by Sovos Compliance (Oct 2022)
- Investors
- Acquired bySovos Compliance
(Oct 2022)
Investors in Escontech
Escontech has secured backing from 1 investor. Prominent investors backing the company include Sovos.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tax and compliance management solutions are provided for businesses. | 1979 | sovos.com | Wilmington, United States |
Investor details for Escontech
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Timeline of Escontech
2 dated milestones of Escontech, from founding to its latest funding, stage changes and deals.
- Founded Escontech is founded.
- Exit Acquired by Sovos Compliance.
Top companies in Telecom End User Equipment and Services
10 companies that operate in the same segment as Escontech (Telecom End User Equipment and Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Telecommunication products and services are provided by Metro by T-Mobile. | 1994 | Richardson, Texas, United States | USD 822 M | – | – | |
Hybrid cloud platforms and networking solutions are provided globally. | 1987 | Shenzhen, Guangdong, China | – | – | – | |
Mobile, fixed-line, and internet services are provided by Telekom. | 2001 | Bucharest, Romania | – | – | – | |
Business technology solutions in IT, telecoms, and connectivity are provided. | 2004 | Shoreham By Sea, West Sussex, United Kingdom | USD 26.51 M | – | 1,341 | |
Electrical circuit components including timing and power solutions are manufactured. | 2009 | Spicewood, Texas, United States | USD 40.1 M | – | 69 | |
Manufacturer of cell phone signal boosters for homes, vehicles, and businesses | 2009 | Saint George, New Brunswick, Canada | – | – | – | |
LMT is recognized as a leading mobile telecommunications provider in Latvia. | – | Latvia | – | – | – | |
Radio-style mobile communication services are provided globally. | 2003 | Austin, Texas, United States | USD 20 M | – | 46 | |
Provider of DC & AC power cables, wires & other telecom equipment and installation services | 1937 | United States | – | – | – | |
Networking solutions are provided by FRITZ! for home connectivity. | 1986 | Berlin, Berlin, Germany | – | – | – |
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Frequently Asked Questions about Escontech
Escontech was founded in 2022.
Escontech was founded in 2022 as a provider of hotspot devices targeted at consumers. These devices facilitate synchronization with the Helium network, a decentralized wireless infrastructure. Operations center on the technology sector, emphasizing consumer-accessible networking solutions. Services include device supply and network integration support, with a focus on practical wireless connectivity. No specific geographic details are available for its activities.
Escontech has 1 investor. Key investors include Sovos.
Yes. Escontech was acquired by Sovos Compliance in October 2022.