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News: Deals and Finance

WeMaintain Acquires PropTech Startup Shokly to Drive Building Operations

9 February 2021 – WeMaintain, a tech-enabled lift maintenance company, has acquired French startup Shokly, a company specialising in fire alarm maintenance and management. The acquisition is aimed at increasing WeMaintain’s presence in the smart bui...

SOTI Invests $20m to Fund New Aerospace Division, SOTI Aerospace

16 November 2020 – SOTI, a well trusted provider of mobility and IoT management solutions, today announced the launch of its new aerospace division, SOTI Aerospace. The division will focus on advanced aerial drone and robotics research. Working with in...

Blazing the Trail in Insurance Digitisation

An Interview with Marijan Mumdziev, CEO, Amodo By Abraham Joseph 29 September 2020 “Our mission is to be the ‘go-to’ vendor for insurance industry digitisation – the natural partner for companies wanting to leverage the benefits of IoT a...

Senet Raises $16M to fund International Expansion

22 September 2020 – Senet, Inc., a leading provider of cloud-based software and services platforms that enable the Internet of Things (IoT), today announced it has secured a $16 million funding round led by Fisk Ventures. This new round of funding is a...

UK R&D Tax Credits for the IoT Sector

By Micah Levy - The IoT sector is intrinsically linked to innovation and growth. The sector is growing at a rapid pace and barriers to adoption are becoming lower in the manufacturing, transportation and utilities sectors, among others. However...

KDDI to Acquire SORACOM

2 August 2017 ― KDDI Corporation today announced that it will acquire the outstanding shares of SORACOM, Inc., provider of the leading cloud-native communication platform for the Internet of Things (IoT). SORACOM, a leader in IoT, provides an IoT pla...

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...