Wheelings and Dealings: Tech Firms Make Structural Changes to Find Winning Formula

By Ken Briodagh October 14, 2015

It’s M&A in the IoT season for the industry these days, with big announcements like the one from Dell and EMC2 this week peppering the news and dozens of smaller deals happening every month.

Qualcomm Incorporated, through its subsidiary, Qualcomm Connected Experiences, is getting into the pool again, too. It announced October 12 that it has signed a definitive agreement to sell its Vuforia business to PTC, a global provider of technology platforms and solutions for the IoT.

Image via Shutterstock

“Qualcomm always looks to push the boundaries of what is possible with computer vision. By leveraging the company's mobile technology leadership, Vuforia has become the platform of choice for developers of augmented reality applications,” said Derek Aberle, President, Qualcomm Incorporated. "We share PTC's vision for a connected world and look forward to seeing the Vuforia mobile platform continuing to flourish under PTC's leadership. Qualcomm will continue to drive computer vision technology that will unlock a wide variety of applications for consumers and businesses around the world.”

Now, this isn’t a merger, but it is a new platform launch, and those announcements are almost as prolific. Accelerite, a provider of infrastructure software for cloud, mobility and endpoint solutions, has announced its entry into the IoT space with its new Aepona IoT accelerator

“Aepona’s Visual Service Design Platform takes the mystery out of developing IoT applications by enabling developers and non-developers alike to develop world class IoT services,” said Nara Rajagopalan, CEO, Accelerite. “This, combined with the analytics and device management capabilities, is the most complete IoT development platform in the market today, allowing its users to focus on application development rather than the engineering that goes behind it.”

Edited by Kyle Piscioniere

Editorial Director

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