Teldio Acquires Stoke Mobile and Appoints Peter Kuciak Chief Executive Officer
Ottawa, Canada Release: February 26, 2020
For Immediate Release
Teldio announced today the acquisition of Stoke Mobile Inc. to accelerate its strategy to offer next-generation Smart Connected Workforce solutions to the Teldio customer base. Teldio will acquire the assets, team and customer engagements of Stoke Mobile, and the merged business will go forward as one under the Teldio brand.
As part of the merger, the Teldio Board of Directors has appointed Peter Kuciak as Chief Executive Officer of the combined company. Kuciak was the Founder and Chief Executive Officer of Stoke Mobile Inc. He is a technology visionary and leader, with more than 30 years of experience and a proven track record across a number of industries. Peter takes over from Carl Carruthers, who retired as CEO of Teldio after eight years of service.
Terry Matthews, Chairman of Teldio, commented “This acquisition helps the Teldio growth strategy to be accelerated. Customers around the globe are advancing their Digital Transformation plans and looking to leverage innovative IoT and 5G technologies as they execute those plans. The addition of the Stoke Mobile team and expertise will enable the Teldio solutions to evolve quickly to meet these emerging needs.”
Kuciak said, “I am honoured and excited to lead Teldio in the next chapters of its journey. I believe Teldio has the ingredients to be a key vendor for next-generation industrial applications. We have our vision set to expand our portfolio, and take advantage of the technological advancements needed to provide our customers with transformative solutions.”