Inseego Brings Wireless Industry Veteran to Leadership Team as Institutions Signal Confidence

Inseego Corp. (Nasdaq: INSG), a key player in 5G enterprise broadband solutions, has welcomed industry executive George Mulhern to its Board of Directors. The move marks the company’s expansion of board membership from five to six seats and signals a strategic pivot toward deeper enterprise market penetration.

Who is George Mulhern?

Mulhern arrives at Inseego with an impressive track record in wireless technology leadership. Most recently, he served as Senior Vice President and Global Business Unit Manager of Ericsson Enterprise Wireless Solutions. His previous role as Chairman and CEO of Cradlepoint (2011-2020) demonstrated his capability in scaling operations—during his tenure, the company achieved approximately 20-fold revenue growth before being acquired by Ericsson.

Before his tenure at Cradlepoint, Mulhern spent over two decades at Hewlett Packard in various senior leadership positions managing multiple business units. His educational background includes both undergraduate and graduate degrees in Business Administration from San Jose State University.

Strategic Value Add

Inseego’s Chairman Jeff Tuder emphasized the appointment’s significance, noting Mulhern’s “enormous strategic and operational insight” and his proven ability to scale companies. CEO Juho Sarvikas highlighted Mulhern’s visionary role in pioneering the enterprise wireless networking landscape and driving the “as-a-service” model adoption in telecommunications—competencies directly aligned with Inseego’s ambitions to evolve into a comprehensive enterprise solution provider.

Mulhern, classified as an independent director, expressed enthusiasm about joining at a pivotal moment, citing Inseego’s leadership position in 5G solutions and growing enterprise demand for domestically-sourced wireless broadband infrastructure.

Institutional Investors Show Interest

Concurrent with leadership strengthening, Q4 2024 hedge fund activity reflects growing institutional confidence. Notable moves include:

• Aviva Holdings added 697,736 shares (+53.5%), valued at approximately $7.16 million
• Acadian Asset Management increased position by 154,214 shares, worth roughly $1.58 million
• UBS Group AG added 121,086 shares (+5,060%), totaling $1.24 million
• Jacobs Levy Equity Management contributed 108,558 shares valued near $1.11 million

Across the institutional landscape, 44 investors increased INSG holdings while 35 reduced positions in the quarter.

Risk Factors Worth Monitoring

While the leadership appointment signals positive momentum, investors should remain attentive to structural challenges. Key concerns include customer concentration risk—the company depends on a limited customer base for substantial revenue portions. Supply chain vulnerabilities could impact component sourcing and manufacturing efficiency. Additionally, execution risks remain around product development timelines, particularly in scaling 5G offerings to meet evolving customer specifications, alongside competitive pricing pressures and foreign exchange volatility affecting operational performance.

About Inseego

Inseego Corp. powers enterprise connectivity through its 5G Edge Cloud platform, serving millions of end customers and thousands of enterprise clients. The company’s portfolio spans 4G, 5G, and cloud-based wide-area networking (WAN) solutions, with capabilities in intelligent edge applications and operational visibility for distributed workforce management.