M2M, provider of universal alarm panel communicators, and Alula, provider of smart security and Internet of Things (IoT) solutions, announced the company's have completed the merger. Operating under the name M2M Services, the combined entity will leverage the strengths of both companies.
The combined companies will be led by Peter Tzvetkov, CEO of M2M Services. Dave Mayne, president of Alula, will lead North America operations and oversee global sales and marketing. Gregg Waldon, CFO of Alula, will manage financial operations for the combined business. The company will have a U.S. headquarters in St. Paul, Minn., and global headquarters in Sofia, Bulgaria.