Prodea Systems, Inc. has acquired Arrayent Inc., forming the world´s first IoT services platform, the company said.
The combined company delivers a proven suite of managed IoT services with unprecedented scale, speed, and reliability.
The two companies, which have been at the forefront of innovation in enterprise and consumer IoT, will combine teams and technologies to create an end-to-end solution that is ideal for data-intensive industries that need real-time performance monitoring, data intelligence and predictive analytics.
This comprehensive offering will deepen user engagement, create new revenue streams, differentiate products or services, and improve business efficiency, enabling both digital and business model transformation across each IoT vertical market–from consumer goods and healthcare, to smart cities, utilities and governments.
Terms of the acquisition were not disclosed.
Prodea Systems, Inc. is a privately held company founded in 2006 to help move humanity forward by bridging the gap between people and technology. By creating the technology necessary to deliver managed applications and services at scale, Prodea is delivering seamless end-user experiences in smart city, digital entertainment, energy management, digital health, and Industry 4.0 markets.