What Cypress Solutions does

Cypress Solutions Inc. is a privately-held Canadian IoT wireless vendor founded in 1997 and headquartered in British Columbia, Canada. The company designs, manufactures, and supports cellular wireless gateways — led by the CTM-ONE — paired with two proprietary cloud platforms: Cypress VUE, a fleet telematics application for real-time GPS tracking, geofencing, route completion, and custom reporting; and Cypress IOT, a multi-tenant device management and telemetry platform. Its offering is rounded out by add-on hardware (BLE Asset Tags, in-vehicle camera kits) and a service layer (Route Completion Service, professional services), all built around a proprietary SMART Framework that integrates sensors, modems, applications, radio, and cloud components.

The company monetizes through three streams: one-time hardware sales of CTM-series gateways and accessories, recurring subscriptions to Cypress VUE and Cypress IOT (annual, bundled with support), and professional services for deployment, training, and technical support. Pricing is quote-based and not publicly disclosed. Distribution is sales-led, with direct sales via website contact forms, inside-sales support, conference presence (NACE), and content marketing through case studies and technical documentation. Devices are certified across eight North American carriers (AT&T, Verizon, Sprint, Bell, U.S. Cellular, Rogers, Telus, T-Mobile, Videotron), which is a meaningful deployment friction reducer for cross-border fleet operators.

Cypress's customer base is anchored in municipal government fleets — particularly public works, winter maintenance, public safety, and utilities — with named deployments including Dubuque County (38 vehicles), City of Lethbridge Utilities, and Surrey Fire Service, plus commercial accounts such as Bodyline Auto Recyclers. With 11–50 employees (six of which are in support), no disclosed funding events, and an over-25-year operating history, Cypress operates as a focused, profitable-to-breakeven niche telematics specialist rather than a venture-backed scale-up. Its primary competitive set is fragmented mid-market telematics providers competing for municipal and commercial fleet RFPs across North America.

Name

Cypress Solutions

Legal name

Cypress Solutions Inc.

Website

https://cypress.bc.ca

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Fleet Telematics Hardware

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)

SIC

Computer Communications Equipment (3576), Communications Equipment, Nec (3669)

akta.pro primary industry

Small Business/SoHo Routers & Gateways (HDAFAIAH)

akta.pro secondary industry

Smart Grid Communications Networks (RF Mesh, PLC, Fiber, Cellular) (EUAEANAB)

Keywords

• Fleet telematics solutions
• Cellular IoT gateways
• Cloud device management
• Municipal fleet tracking
• Wireless asset monitoring

Headquarters

HQ city

Burnaby

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. Hardware Sales: Sale of cellular wireless gateway devices including CTM-ONE, CTM-500, CTM-400, and legacy products. Devices are sold with accessories and mounting options.
2. Software Platform Subscriptions: Subscription-based access to Cypress VUE fleet telematics platform and Cypress IOT device management platform, typically as annual licenses with support included.
3. Professional Services: Site survey remediation, installation support, training, and technical support services for device deployment and configuration.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Cypress Solutions designs, sells, and supports cellular wireless gateway hardware (notably the CTM-ONE) that collects vehicle and sensor data and transmits it over cellular networks to its cloud platforms. The hardware is paired with the Cypress VUE fleet telematics platform for real-time GPS tracking, geofencing, and route completion, and the Cypress IOT device management platform for provisioning, configuration, and monitoring of IoT deployments. Customers are commercial and municipal fleet operators and remote industrial organizations across North America.

Product overview

Cypress Solutions provides an IoT telematics solution portfolio consisting of hardware gateways and cloud software platforms. The core hardware is the CTM-ONE cellular wireless gateway, which collects and transmits vehicle and sensor data via cellular networks. This device is paired with two cloud platforms: Cypress VUE (fleet telematics platform offering real-time GPS tracking, geofencing, route completion monitoring, and custom reporting) and Cypress IOT (device management platform for provisioning, configuring, and monitoring IoT deployments). The product line also includes BLE asset tags for equipment-level tracking, a camera application kit for in-vehicle photo capture, and the Route Completion Service add-on for service fleet operations monitoring. Legacy products include the Oxygen 3 Plus (EOL) and other CTM-series devices (CTM-200, CTM-400, CTM-500).

Differentiator

Problem solved

Functional benefit

Brands

• Cypress VUE: All-in-one fleet telematics platform that allows tracking and managing vehicles in real-time with advanced reporting capabilities.
• Cypress IOT
• CTM-ONE
• CTM-400
• CTM-500

Products and services

• CTM-ONE Cellular Wireless Gateway The CTM-ONE is a cellular wireless gateway that transmits vehicle and sensor data to Cypress's cloud platforms via cellular networks. It supports internal and external antenna connections, OBDII or J1939 vehicle port installation, and integration with sensors for fleet telematics and industrial monitoring. It is targeted at commercial and municipal fleet operators and remote industrial organizations.
• Cypress VUE Fleet Telematics Platform Cypress VUE is a cloud-based fleet telematics platform that delivers real-time GPS tracking, geofencing, custom reporting, and route completion monitoring for vehicle fleets. It processes data transmitted from CTM-ONE devices and displays it on a single dashboard accessible via desktop, tablet, or smartphone for fleet managers and operations teams.
• Cypress IOT Device Management Platform Cypress IOT is a secure multi-tenant cloud platform used to provision, configure, monitor, and decommission IoT devices across deployments, with secure API access for integration into other cloud applications. It is targeted at organizations deploying fleets of Cypress IoT devices.
• BLE Asset Tag The BLE Asset Tag is an IoT asset tracking tag that reports equipment location in real time to CTM-ONE devices and the Cypress VUE platform. It features ultra-long battery life exceeding 8 years, a rugged design suited to harsh conditions, and a signal range of approximately 300 meters, and is aimed at organizations tracking movable equipment such as winter maintenance assets.
• CTM-200 Cellular Gateway The CTM-200 is a cellular gateway device within the Cypress CTM product family, used for fleet and industrial tracking applications.
• CTM-400 Cellular Gateway The CTM-400 is a cellular gateway device within the Cypress CTM product family, used for fleet and industrial tracking applications.
• CTM-500 Cellular Gateway The CTM-500 is a cellular gateway device within the Cypress CTM product family, used for fleet and industrial tracking applications.
• Oxygen 3 Plus Cellular Gateway (Legacy) The Oxygen 3 Plus was a high-bandwidth LTE cellular gateway built for advanced speed applications such as point of sale, banking, and wireless failover. The product reached End-of-Life (EOL) in April 2022 and is no longer available.
• CTM-ONE Accessories CTM-ONE Accessories covers external antennas, mounting brackets, and cable covers used to install the CTM-ONE device across different vehicle and industrial environments.
• Camera Application Kit The Camera Application Kit is an in-vehicle camera integration kit that works with the CTM-ONE device to capture photos of specific events or operate as a dashcam. It includes push-buttons for event categorization, PoE-powered camera connectivity, and cloud photo storage for 90 days.
• Route Completion Service (RCS) Route Completion Service (RCS) is an add-on feature of the Cypress VUE platform that tracks real-time route progress for service fleets such as snow plowing, street sweeping, and dust suppression operations.

Quantifiable outcome

• Dubuque County successfully deployed 38 vehicles with fleet telematics solution following pilot program

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature7 records

Partnerships

Eight partnerships are on record, tiered core.

• AT&TcoreTechnology or IntegrationAT&T certification for cellular connectivity. Cypress Solutions devices are certified to operate on AT&T's cellular network, enabling deployment of IoT solutions across AT&T coverage areas in North America.
• VerizoncoreTechnology or IntegrationVerizon certification for cellular connectivity. Cypress Solutions devices certified for use on Verizon's cellular network infrastructure.
• Bell CanadacoreTechnology or IntegrationBell Canada certification for Canadian cellular network connectivity, enabling deployment of IoT solutions in Canada.
• RogerscoreTechnology or IntegrationRogers certification for Canadian cellular network connectivity.
• TeluscoreTechnology or IntegrationTelus certification for Canadian cellular network connectivity.
• T-MobilecoreTechnology or IntegrationT-Mobile certification for cellular connectivity across North American network coverage.
• U.S. CellularcoreTechnology or IntegrationU.S. Cellular certification for regional cellular connectivity in select US markets.
• VideotroncoreTechnology or IntegrationVideotron certification for Canadian cellular network connectivity in Quebec and Ottawa regions.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Geotab: Largest pure-play fleet telematics platform serving commercial and government fleets with GPS tracking, vehicle data, and analytics. Directly comparable given Cypress's overlapping municipal fleet and telematics cloud positioning.
• Samsara: Cloud-based fleet telematics and IoT platform paired with proprietary vehicle hardware. Targets commercial fleets with subscription software and add-on sensors, mirroring Cypress's hardware-plus-software model.
• Digi International: Cellular IoT gateways, routers, and remote management platforms used across industrial and enterprise applications. Closely comparable to Cypress's CTM product line as a cellular gateway vendor with its own cloud management stack.
• CalAmp (Bridgestone): Telematics hardware and fleet SaaS now under Bridgestone, providing vehicle gateways and fleet software. Comparable as a hardware-plus-software telematics vendor with overlapping cellular gateway and fleet platform offerings.

Broad incumbents

• Verizon Connect: Telematics and fleet management offering from a major carrier, leveraging Verizon's network. Comparable as a large incumbent that bundles connectivity with fleet software, often competing against Cypress in North American municipal and commercial RFPs.
• Trimble Transportation (Trimble Connected Fleets): Enterprise telematics and fleet management solutions offered as part of Trimble's transportation portfolio. Comparable given its broad incumbent footprint overlapping with Cypress's municipal and commercial fleet customers.
• Sierra Wireless (Semtech): Cellular modules, gateways, and IoT connectivity platforms acquired by Semtech. Comparable as an upstream cellular hardware and connectivity stack that overlaps with the CTM-ONE cellular gateway business.
• Cradlepoint (Ericsson): Wireless edge and cellular gateway networking products under Ericsson. Comparable in cellular gateway hardware and edge networking, particularly relevant to Cypress's branch networking and failover use cases.

Emerging players

• MultiTech Systems: Cellular and IoT gateways, modems, and routers for industrial IoT and remote monitoring applications. Comparable given the overlap with CTM-series cellular gateways and remote industrial use cases.
• Peplink (Plover Bay Technology): Cellular routers and branch/branch-networking gateways targeting enterprise connectivity and failover. Comparable to Cypress's cellular hardware line for branch networking and fixed-site applications.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/cypresssltns
• LinkedInlinkedin.com/company/cypress-solutions-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cypress Solutions