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News: Deals and Finance

Sierra Wireless Acquires GlobalTop Technology’s GNSS Assets

3 April 2017 – Sierra Wireless today announced that it completed the acquisition of substantially all of the assets of GlobalTop Technology’s Global Navigation Satellite System (GNSS) embedded module business for total cash consideration of approximat...

Ayla Networks Forms Strategic Partnership with China’s Midea Group

3 August 2016 – Ayla Networks today announced that it was selected by China’s Midea Group, as the preferred overseas IoT cloud partner for all connected HVAC products. Midea is a $21 billion manufacturer of consumer appliances and heating, ventilat...

PTC Acquires Kepware to Boost Industrial IOT Offerings

PTC to pay $100 million, plus up to an additional $18 million based on achievement of certain strategic initiatives and financial results. Over the past 12 months, privately-held Kepware generated approximately $20 million in revenues.   22 Dece...

ADLINK to Acquire PrismTech

Jim Liu, CEO ADLINKAcquisition Enhances ADLINK's Footprint and Industrial IoT Capabilities 14 December 2015 – PrismTech, a leader in software platforms and tools for the Internet of Things (IoT), Industrial Internet and advanced wireless communications, today announced i...

Kii IoT Platform Selected by Kyocera to Power Smart Healthcare

27 October 2015 - Kii, a leading Internet of Things (IoT) cloud platform provider, today announced a strategic collaboration with Kyocera Corporation (Kyocera) to develop a cloud-based healthcare monitoring service and smart device combination called 'Dai...

PTC to Acquire Augmented Reality Leader Vuforia

12 October 2015 – PTC today announced it has signed a definitive agreement to acquire the Vuforia business from Qualcomm Connected Experiences, Inc., a subsidiary of Qualcomm Incorporated, for $65 million. Vuforia is the industry’s most advanced and w...

GE and PTC Partner to Pursue Brilliant Factory Opportunity

The companies will bring to market a solution as part of GE’s Brilliant Manufacturing suite that leverages PTC’s ThingWorx® Industrial Internet of Things application enablement environment in GE’s manufacturing software portfolio.   29 Sep...

Alcatel-Lucent Acquires Mformation for IOT Security and Device Management

17 September 2015 – Alcatel-Lucent today announced the acquisition of Mformation, a leading provider of mobile and ‘Internet of Things’ (IoT) security and device management solutions for mobile operators, service providers and enterprises. Terms of ...

Eurotech and Arkessa Partner for Global IoT Solutions

 27 August  2015 – Arkessa, a leading provider of global Machine-to-Machine (M2M) and Internet of Things (IoT) managed services, today announced a partnership with Eurotech, a leading provider of smart devices and Machine-to-Machine (M2M) technologies...

Augury Raises $7M Series A Round for Shazam-like IOT Machine Diagnostics

27 August 2015 – Augury, the predictive machine diagnostics company, today announced a $7 million Series A funding round led by Formation 8 Hardware Fund and joined by Pritzker Group Venture Capital. Existing investors First Round Capital and Lerer Hipp...