Greenwave Systems (News - Alert), the global IoT software and managed services platform developer, has acquired Predixion Software, a leading developer of real-time visual edge analytics software for the IoT, for an undisclosed amount. The acquisition will enhance Greenwave's AXON Platform with advanced visual analytics, enabling real-time data insights across the company’s connected networks.
Adding Predixion's RIOT product, a self-contained edge analytics engine, to the AXON software suite will, Greenwave intends, provide customers with an opportunity to capture, analyze and act on real-time data insights. By embedding advanced analytics capabilities, AXON can deliver a more intelligent IoT experience to customers and deliver deeper insights into network management and performance.
“We are thrilled to add Predixion Software to our team,” said Martin Manniche, founder and CEO, Greenwave Systems. “With this acquisition we welcome some of the industry's strongest data scientists, engineers and top talent to our company, including Simon Arkell, Predixion's co-founder and CEO, who will assume the role of GM of Software Platforms for Analytics. The Predixion RIOT software is a natural addition to our product line because it's designed for an end-to-end solution, scalable in the cloud, and optimized for embedded devices that sit on fixed-line or mobile networks. Integrating RIOT software into our AXON Platform will enable our customers to extract value from nearly 8 million households and 4 million mobile devices deployed with AXON software.”
Through these partnerships, Greenwave technology is now represented in IoT and M2M products spanning global telecommunications, utilities, broadband media delivery solutions and more.
“Joining the Greenwave team will extend our analytics technology to a remarkable range of managed networks,” said Arkell. “We can touch IoT, M2M, video and broadband networks and bring tremendous value to our current list of customers and partners, including Intel, Wind River (News - Alert)®, Accenture and GE. We are excited to join the team and we look forward to what we'll accomplish together. Greenwave's acquisition of Predixion will provide more financial horsepower to what Predixion has already developed and will enable us to accelerate growth and take the technology global.”
This acquisition is a huge step for Greenwave in what is already a big year for the company, including record sales, a headcount of over 280 employees and other key milestones. The company has entered a new phase of development and will continue to use acquisitions as a key means to accelerate its growth.