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Nokia Snaps Up IoT Energy Startup SpaceTime

May 07, 2018 / Sue Marek

Nokia is expanding its Internet of Things (IoT) portfolio with the acquisition of SpaceTime, a smart energy IoTstartup that provides analytics and IoT applications to transportation, energy and utility companies. Some of SpaceTime’s customers include FedEx, Singapore Power, and Union Pacific Railroad.Nokia declined to reveal how much it paid for SpaceTime, noting that the company is privately held. The San Mateo, California-based firm has offices in the U.S., Canada, U.K., India, and Japan. SpaceTime CEO Rob Schilling, formerly a general manager at SAP, will join Nokia’s IoT product unit within the company’s software business group.