Enterprise Internet-of-Things (IoT) platform provider relayr has acquired Internet of Things software solutions company Proximetry, the company said.
The deal will expand relayr´s already strong and growing partner ecosystem.
Today´s acquisition, made possible by their recent Series B investment, highlights relayr´s commitment to continued company growth and innovation. Along with the company´s organic growth, the addition will grow relayr´s global team by more than 50 people, and add offices in San Diego, and Katowice; achieving relayr CEO Josef Brunner´s stated goal of increasing the company´s current staff by 50% before the end of the year to accelerate product development.
Over a decade, Proximetry has built a strong and expansive partner and customer base across industrial vertical markets like smart cities, transportation, and utilities, using their device management capabilities, together with global industrial suppliers. Proximetry´s technology will solidify relayr´s capabilities in large-scale device management, security, and firmware management; and add a significant number of industrial protocols to their catalog.
The companies are working closely together to ensure a smooth integration of the technologies into one complete end-to-end IoT architecture. This end-to-end IoT technology stack – from the physical things, like machines, to sensors to gateways to cloud enablement to services – is key to successfully implementing the large-scale deployment of connected devices that is imperative to collecting, processing, and analyzing the big data in order to achieve the necessary business outcomes.