Ericcson signed an agreement on Tuesday to acquire Telenor Connexion’s M2M platform (machine-to-machine), in hopes to gain more technology and insights in the booming sector. Although financial details are yet to be released, we know that eleven employees will be moving over to Ericsson from TC. The acquisition comes relatively soon after Ericsson’s Device Connection Platform launch, a service that is planned to be sold to telecom operators. In turn, this will set up M2M applications for their enterprise customers. The platform is sold as a cloud service and offers operators traditional cloud benefits of a low initial investment, coupled with a fast roll-out.