Option

What Option does

Option NV is a Belgian public limited company (Euronext Brussels: OPTI), founded in 1986 and headquartered in Leuven, that designs and sells industrial IoT gateways under the CloudGate platform. The portfolio spans LTE, Ethernet, Mini, Nano, Micro and Helium gateway variants, the next-generation CloudGate NXS with 5G and an optional AI coprocessor, the CloudGate Probe line (LoRaWAN and Cellular) for remote monitoring, and a modular set of expansion cards (LoRaWAN, Smart Metering, Serial, Industrial Serial, Ethernet, BLE, WLAN). The platform is supported by CloudGate Universe cloud management, the LuvitRED visual-programming application, the CloudWizzard provisioning tool, and the SRAS security application, with more than 100,000 gateways reportedly deployed in the field over the company's 40-year wireless-connectivity history.

The company monetizes primarily through hardware unit sales of gateways and expansion cards, supplemented by engineering and procurement services for defense applications (notably the Sol.One SABOTEUR drone framework agreement for up to 6,000 drones). Revenue streams include IoT hardware sales, the CloudGate NXS production order for Verizon Wireless routed through GetWireless (initial 10,000 units, ~USD 5M), professional services for defense customers, and integrated IoT solutions/managed services for smart-building, smart-city and smart-energy deployments. The recently launched Energy Management Systems division extends the model into recurring energy-optimization services using CloudGate hardware. Reported FY2025 revenue from continuing operations was ~€9.23M, with H2 2025 EBITDA turning positive (€90k) after a negative first half.

Go-to-market is a hybrid enterprise sales-and-channel model: direct engagement with system integrators and large enterprise customers, augmented by core distribution partners GetWireless (US, anchor client Verizon Wireless) and Actility/Abeeway (global LoRaWAN), plus consortium wins such as Smartville's CIPAL DV framework contract (up to €40M over 5+1+1 years). Customer segments span Smart Building & IoT, Smart City, Defense & Security, Transportation & Fleet, Smart Energy and Surveillance. The company is publicly listed on Euronext Brussels under ticker OPTI (ISIN BE0974496284), with reference shareholder Van Zele Holding NV at ~38% following a €3.784M capital injection in December 2025 and a €2M working-capital facility in June 2026 to fund CloudGate NXS production.

Name

Option

Legal name

Option NV

Website

https://option.com

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

251–500 employees

Short description

Option NV is a Belgian IoT hardware company (Euronext: OPTI) that designs and sells CloudGate gateways, expansion modules, and remote-monitoring probes for smart-building, smart-city, smart-energy and defense customers via direct sales and channel partners.

Ownership category

akta.pro rank

Product category

Industrial IoT Gateways and Connectivity Hardware

NAICS

Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Wired Telecommunications Carriers (517111)

SIC

Computer Communications Equipment (3576), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Cellular IoT/M2M Gateways & Routers (LTE/5G) (HDAFAIAF)

akta.pro secondary industries

Software-Defined Interconnect (SDI) / SD-WAN Cloud Gateways (HDABALAF), Network, Infrastructure & Data Center Integration (BPAEAAAK), Business/Enterprise Fixed Connectivity Providers (SME/Enterprise Broadband) (HDAIABAI)

Keywords

• Industrial IoT gateways
• Cellular connectivity hardware
• LoRaWAN network devices
• Smart building sensors
• Edge computing platforms

Headquarters

HQ city

Leuven

HQ country

Belgium

HQ region

Europe

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, Others

Revenue model

1. IoT Hardware Sales: Sale of CloudGate gateway devices and expansion cards (LTE, Ethernet, Mini, Nano, Micro, Helium). Revenue from hardware units with various connectivity options.
2. CloudGate NXS Production Order: Initial production order of 10,000 CloudGate NXS units representing approximately USD 5 million in turnover.
3. Engineering Services: Engineering support and procurement services for defense applications including drone technologies under the Sol.One framework agreement.
4. IoT Solutions and Systems: Integrated IoT solutions including sensors, gateways, and managed services for smart building, smart city, and smart energy applications.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Option NV designs, manufactures, and sells the CloudGate family of IoT gateway hardware (LTE, Ethernet, Mini, Nano, Micro, Helium, and the new 5G-enabled NXS) along with expansion cards, sensors, and the CloudGate Universe cloud management platform. The gateways provide secure connectivity (LTE/5G, LoRaWAN, WiFi, Zigbee, Ethernet) and on-board processing for smart building, smart city, smart energy, and defense IoT deployments. Recent expansion includes an Energy Management Systems (EMS) division and a three-year framework agreement with Sol.One for drone electronics.

Product overview

Option offers a platform-plus-modules IoT gateway architecture centered on the CloudGate product family. The core CloudGate IoT Gateway platform provides connectivity, security, and edge processing, with multiple hardware variants (CloudGate LTE, Ethernet, Mini, Nano, Micro, Helium, NXS) and the newer CloudGate Probe line for remote monitoring. The platform is extended through expansion cards including LoRaWAN, Smart Metering, Serial (Standard/Industrial), Ethernet, BLE, and WLAN modules. Software includes the CloudGate Universe cloud management platform, LuvitRED visual programming application, SRAS security application, and CloudWizzard provisioning tool. The company also offers a range of sensors including Spot-On parking sensors and outdoor antennas. The portfolio targets smart building, smart city, smart energy, and industrial IoT applications, with recent expansion into defense and energy management systems.

Differentiator

Problem solved

Functional benefit

Brands

• CloudGate: IoT gateway product portfolio including LTE, Ethernet, Mini, Nano, Micro, Helium variants and CloudGate NXS (new 5G-enabled platform) and CloudGate Probe
• CloudGate Universe
• Luvit-RED
• CloudWizzard
• SRAS Application

Products and services

• CloudGate IoT Gateway (LTE) Cellular IoT gateway providing LTE/3G/Ethernet/GPS connectivity, on-board processing, and customizable modules for global IoT deployments targeting enterprise and system integrators.
• CloudGate Ethernet Ethernet-connected CloudGate gateway variant designed for fixed-line IoT installations in buildings and industrial sites.
• CloudGate Mini Compact form-factor CloudGate gateway designed for space-constrained IoT installations.
• CloudGate Nano Ultra-compact CloudGate gateway with optional WLAN, LoRaWAN, and battery support optimized for smart building deployments.
• CloudGate Micro Micro-sized CloudGate gateway variant designed for specialized IoT deployment scenarios.
• CloudGate Helium CloudGate gateway variant designed to operate on the Helium decentralized wireless hotspot mining network.
• CloudGate NXS Next-generation customizable IoT gateway featuring optional 5G connectivity, NXP i.MX9 ARM processor, Infineon TPM2.0 secure element, ARM TrustZone architecture, optional AI coprocessor, and field-upgradable hardware expansion slots. Targeted at Verizon Wireless, defense, and high-security enterprise deployments.
• CloudGate Probe LoRaWAN Remote monitoring probe device with integrated LoRaWAN connectivity for sensor data collection in industrial and remote sites.
• CloudGate Probe Cellular Remote monitoring probe with cellular connectivity for standalone sensor applications in remote or infrastructure-light locations.
• LoRaWAN Card Plug-in expansion card that adds LoRaWAN connectivity and LoRa Basics Station protocol support to any compatible CloudGate gateway.
• Smart Metering Card Expansion card supporting M-Bus, Modbus TCP/RTU, RS232, GPIO, I2C, USB, and DSMR/P1 protocols for smart building and energy optimization.
• Standard Serial Card Standard serial communication expansion card adding RS232/RS485 connectivity to CloudGate gateways.
• Industrial Serial Card Industrial-grade serial communication expansion card built for demanding environments and harsher operating conditions.
• Ethernet Expansion Card Expansion card that adds additional Ethernet ports to CloudGate gateways for wired network extensions.
• BLE Expansion Card Bluetooth Low Energy expansion card for short-range IoT sensor connectivity on CloudGate gateways.
• WLAN Card WiFi/WLAN expansion card that adds wireless local area network connectivity to CloudGate gateways.
• Spot-On LoRa Parking Sensor SPS200 LoRa-enabled parking sensor for wireless parking detection and guidance systems used in smart city applications.
• Spot-On NB-IoT Parking Sensor SPS100 NB-IoT enabled parking sensor for smart city parking management applications.
• Outdoor LoRaWAN Antenna 8 dBi High-gain outdoor LoRaWAN antenna for extended wireless sensor network coverage.
• Energy Management Systems (EMS) Division Energy management service offering using CloudGate IoT gateways and sensors to monitor and optimize energy consumption and renewable assets in industrial and public buildings.
• Sol.One Defense Engineering Services Engineering support and procurement services supplied to Sol.One for the SABOTEUR next-generation drone program, including strategic electronic components such as the CloudGate NXS.
• SafeDistance Wearable Solution GDPR-compliant wearable proximity/distance solution using active employee badges, deployed by Digi-Key in their distribution center.

Quantifiable outcome

• Turnover from CloudGate gateways doubled in first five months of 2026 vs same period last year
• +3 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature5 records

Partnerships

Six partnerships are on record, tiered strategic, minor and core.

• ViaLinx.iostrategicTechnology or Integration · 19 June 2026Strategic cooperation to enable ISPs to deliver always-on connectivity and business continuity. Integration of CloudGate NXS with ViaLinx.io's Connectivity Survivability software. Joint go-to-market for reliability-focused IoT solutions.
• IQ Solar and Maro TechnicsminorImplementation/ SI/ Consulting Partner · 13 February 2026Partners for Energy Management Systems division. IQ Solar and Maro Technics will perform physical installation of solar panels and other energy-related equipment.
• GetWirelesscoreChannel Partner/ Reseller/ Distributor · 1 January 2026US distribution partner looking to significantly expand distribution agreement. Major client is Verizon Wireless. CloudGate NXS will be manufactured in US to support this partnership and 5G market requirements.
• Sol.OnecoreStrategic or Co-development Partner · 18 November 2025Three-year framework agreement covering engineering support and procurement services for production of up to 6,000 next generation drones. SABOTEUR project collaboration where Option supplies strategic electronic components. Partnership leverages Option's RF technology expertise for drone communications. First commercial contract awarded June 30, 2026.
• ActilityminorChannel Partner/ Reseller/ Distributor · 6 October 2021Channel partnership for tailored, high-end LoRaWAN IoT solutions. Actility and its Abeeway division resell CloudGate LoRaWAN gateway solutions.
• Smartville ConsortiumstrategicStrategic or Co-development Partner · 14 January 2021Partnership with CIPAL DV framework contract for smart city solutions. Maximum budget of 40M EUR over 5+1+1 years. Option provides smart infrastructure including sensors, gateways, LED lighting and charging stations.

Scale indicators8 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Tektelic Communications: Tektelic manufactures LoRaWAN gateways and IoT devices for smart building, smart city, and industrial applications. Closely comparable to Option's LoRa-focused CloudGate variants (Helium, Nano with LoRa) on LPWAN gateway hardware and ecosystems.
• MultiTech Systems: MultiTech is a long-standing IoT gateway manufacturer offering Conduit and CellGuard LTE/LoRa gateways for industrial M2M, smart building, and remote monitoring. Direct peer to Option in cellular and LoRaWAN IoT gateway hardware targeting similar integrators and enterprise customers.
• Lanner Electronics: Lanner designs whitebox and branded IoT/edge gateways (e.g., NCA, LEC series) for SD-WAN, uCPE, and industrial IoT, often with cellular connectivity. Comparable to CloudGate in hardware platform plus modular expansion philosophy targeting telecom, energy, and smart city verticals.
• Cradlepoint (Ericsson): Cradlepoint, acquired by Ericsson, provides 4G/5G wireless edge routers and IoT gateways under the E300, E400, and R-series, sold largely through carrier channels (including Verizon). Direct overlap with CloudGate NXS on 5G IoT gateways and enterprise LTE/5G WAN use cases.
• Sierra Wireless (Semtech): Sierra Wireless (now part of Semtech) is one of the closest direct peers to Option, offering cellular IoT gateways and modules (e.g., FX30, LX40) targeting industrial, smart building, and smart energy applications. It competes head-to-head with CloudGate in M2M and IoT connectivity for enterprise customers.
• Eurotech: Eurotech designs rugged edge IoT gateways (ReliaGATE, BoltGATE) with cellular, WiFi, and LoRa connectivity for industrial, transportation, and smart infrastructure deployments. Comparable to CloudGate on edge gateways with software frameworks for IoT application development.

Broad incumbents

• Advantech: Advantech is a much larger industrial IoT vendor offering UNO and ICR series cellular/edge gateways across smart city, energy, and industrial automation. It competes with CloudGate on multi-protocol edge gateways but operates a much broader portfolio of embedded and industrial computing products.
• Aruba Networks (HPE): Aruba, an HPE company, provides edge gateways and routers with cellular failover (e.g., 9000 Series, Aruba EdgeConnect) for enterprise and IoT use cases. Broader incumbent in enterprise networking that overlaps with CloudGate in cellular-enabled edge connectivity but with a wider product portfolio.
• Cisco (IoT/Edge): Cisco offers IoT gateways (IR5100, IC3000) and industrial routers as part of its broader networking portfolio. Indirect competitor to CloudGate in industrial and smart infrastructure IoT, with vastly greater scale and channel reach but less specialization in compact cellular IoT gateways.
• Bosch IoT (Bosch Connected Devices): Bosch provides industrial IoT gateways, sensors, and edge computing solutions for manufacturing, smart building, and logistics. Comparable to CloudGate on smart building and industrial IoT use cases, with much larger scale, broader sensor portfolio, and global industrial reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/optiondotcom
• Facebookfacebook.com/optiondotcom
• LinkedInlinkedin.com/company/option-nv

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 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 Option