Menu

IoT FEATURE NEWS

Avnet to Acquire Softweb Solutions

By

According to a recent announcement, Avnet will acquire Softweb Solutions, a privately held software and Artificial Intelligence (AI) company that delivers innovative software solutions for Internet of Things (IoT) applications and systems designed to increase efficiency, speed time to market, and help businesses transform.

Building on Avnet and Softweb’s track record for bringing IoT solutions to market, today’s announcement formalizes a game-changing element of Avnet’s overall solutions strategy. The integration of Softweb’s best-of-breed AI software for IoT applications, along with its data services and digital process capabilities, provides Avnet with a rapid design, development, and deployment capability that further enhances Avnet’s unique end-to-end ecosystem and provides for new and recurring, margin-enhancing revenue opportunities.

“By capitalizing on our longstanding partnership with Softweb, we are adding new capabilities to Avnet’s already robust ecosystem -- combining the power of their software expertise with the strength of our end-to-end hardware ‘design to deploy’ ecosystem,” said Bill Amelio, CEO, Avnet. “Softweb’s formidable IoT and data platforms, plus their expertise in AI, data advisory and digital development services, will enable us to bring even greater value to our customers as a single partner resource while accelerating Avnet’s growth.”

Softweb Solutions has approximately 500 employees who are located in Dallas, Chicago and Ahmedabad, India. The Softweb team has delivered more than 1,400 projects to 600 clients since its founding in 2004.

“We greatly value our existing business partnership with Avnet, and are excited to officially join the Avnet team,” said Ripal Vyas, CEO and owner, Softweb Solutions. “We are pleased that Avnet sees the immense value of our AI and software technology services and solutions, and we look forward to leveraging Avnet’s vast infrastructure, resources and expertise as a global technology solutions leader that enhances customers’ competitiveness and solves today’s business challenges.”

The transaction is expected to close by the end of December 2018. Terms of the agreement were not disclosed.


The IoT Evolution Expo, and collocated events, IoT Evolution Health, LPWAN Expo, The Smart City Event, and IIoT Conference, will take place Jan. 29 to Feb 1 in Ft. Lauderdale, Florida. Visit IoTEvolutionExpo.com to register now.

Edited by Ken Briodagh

Editorial Director

SHARE THIS ARTICLE
Related Articles

CEVA Opens New Research and Development Center in the UK

By: Ken Briodagh    1/17/2019

CEVA recently announced the opening of a new research and development facility in Bristol, United Kingdom.

Read More

JMA Wireless Partner INWIT Deploys XRAN in Dacia Arena

By: Ken Briodagh    1/17/2019

Stadium venue achieves significant network efficiencies with virtualized RAN

Read More

Making a City Smarter Through Digital Transformation: The Smart City Event

By: Ken Briodagh    1/17/2019

Here, we spoke to Mayor Eugene W. Grant, Mayor of City of Seat Pleasant, MD, who will be speaking at the Smart City Event about his city's digital tra…

Read More

IoT Time Podcast S.4 Ep.2 Cloud Constellation

By: Ken Briodagh    1/15/2019

On this episode of IoT Time Podcast, Season 4, Ken Briodagh sits down with Dennis Gatens of Cloud Constellation, to talk about IoT Security through of…

Read More

Neosen Energy and Senet Expand LoRa Networks for Education, Medical and Business Institutions

By: Special Guest    1/14/2019

A recent announcement from Senet and Neosen Energy kicks off the year with examples of IoT, including the use of new technology to address an existing…

Read More