PLATFORMS

The IoT Community Announces Oracle as a Diamond-level Corporate Member in its Elite IoT Ecosystem

IoT Community, Oracle | September 29, 2021

The IoT CommunityTM (Internet of Things Community), the world’s largest community of CXOs and IoT professionals and practitioners, announces Oracle has joined its elite IoT ecosystem as a Diamond level corporate member. Andrew Morawski, SVP and General Manager, Oracle Communications, Networks is also appointed to the IoT Community Advisory Board.

David Hill, Executive Director of the IoT Community: “We are thrilled to welcome Oracle to our IoT Community ecosystem as a diamond-level corporate member, in addition to adding Andrew Morawski to our Advisory Board. Oracle is a leader in cloud and communications solutions, trusted by enterprises and communications service providers worldwide for their highly secure, best-of-breed technology. We look forward to working with Andrew and the Oracle team to accelerate the uptake of industrial and enterprise deployment of transformative technology.”

A pioneer in cloud technology, Oracle leverages decades of vertical expertise to help enterprises and communications service providers across the world create new digital experiences, deliver on the full potential of 5G, and easily deploy new IoT business models. With industry leading cloud applications, IT and network infrastructure supporting the next mobile generation, Oracle is uniquely positioned to offer insights into the emerging and evolving IoT landscape.

Dr. Tom Bradicich, Hewlett Packard Fellow, at Hewlett Packard Enterprise (HPE) and IoT Community Advisory Board Chair: “We are pleased to have Oracle join us in the IoT Community, and welcome Andrew Morawski to the Advisory Board. We look forward to advancing our vision of an open, secure, and intelligent edge, collaborating across our IoT Community.”


Oracle’s corporate membership adds to the elite IoT Community ecosystem, composed of the biggest names in technology and household names across the IoT industry. Over the past six years, the IoT Community has engaged with industry leaders to create the most compelling and trusted thought leadership content in the IoT ecosystem.

Andrew Morawski, SVP and GM, Oracle Communications: “Becoming a Diamond member of the world’s largest IoT Community is an honor for Oracle, and I am excited to join the IoT Community Advisory Board. With decades of experience in communications and involvement in IoT since its inception, the evolution of this market is not only a professional interest but something I’m incredibly passionate about. I’m looking forward to sharing industry learnings to help champion a new era of innovation in industrial and enterprise IoT deployments.”

Oracle will deliver a headline keynote address at the IoT Grand Slam 2021 virtual event taking place December 10th, Online. For full details please visit https://iotslam.com

IoT Practitioners seeking to expand their knowledge in IoT are invited to sign up for a free individual membership in The IoT Community, which has 26,000+ members. For more information, go to: https://www.linkedin.com/groups/4662022.

IoT solution providers seeking accession to and collaboration opportunities with the IoT Community should contact: info@iotcommunity.net.

About IoT Community
The IoT Community is the world’s largest CxO community of senior business leaders and IoT practitioners consisting of 26,000+ members. The function is to focus on adoption and application of IoT in commercial environments, overcoming the variety of barriers, inhibitors, technical and operational issues.

About Oracle Communications
Oracle Communications provides integrated communications and cloud solutions for Service Providers and Enterprises to accelerate their digital transformation journey in a communications-driven world from network evolution to digital business to customer experience.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud.

Spotlight

The concept of the Internet of Things has gained significant traction over the last decade, owing to collective efforts by industry players, associations as well as academia. Various consortiums of corporates as well as industry associations such as IPSO alliance, IIC (Industrial Internet Consortium), OIC (Open Interconnect Consortium) etc


Other News
SECURITY

Cloudastructure Signs Letter of Intent to Acquire IPG

Cloudastructure | January 21, 2022

Cloudastructure, the award-winning cloud video surveillance provider, has signed a Letter of Intent to purchase rapidly growing IoT cybersecurity company IPG. The terms of the deal are undisclosed.The acquisition would add an important new layer of cybersecurity to Cloudastructure’s expanding physical and cybersecurity platform and a key offering for enterprise customers as they embrace new IoT technologies. The plethora of IoT devices tells the story. According to a Forrester report, “State of Enterprise IoT Security in North America: Unmanaged and Unsecured”: 67% of enterprises have experienced an IoT security incident 84% of security professionals believe IoT devices are more vulnerable than computers 93% of enterprises are planning to increase their spending on security for IoT and unmanaged devices Routinely installed IoT devices include: video surveillance, access control, fire and life safety, utilities, conveyance, HVAC and building management. IPG’s cybersecurity tool GearBox is a “plug-and-play” tool which inventories devices, performs risk analysis, compliance testing and rogue device detection. This combined with readily accessible normalized data alleviates the level of risk introduced by IoT installations. The IPG team will be joining Cloudastructure, including Steve Kiss, CEO, as General Manager, IoT Security. “The acquisition of IPG means Cloudastructure enterprise customers can enjoy not only a vastly higher degree of cybersecurity than they can with other cloud video surveillance providers, but opt for a robust IoT risk management posture throughout their organization.” Cloudastructure CEO Rick Bentley IPG CEO Steve Kiss commented, “We couldn’t be more pleased joining Cloudastructure, a cloud-based video surveillance provider that views cybersecurity as critically as we do.” Subject to satisfactory completion of customary due diligence and the signing of a definitive agreement, the closing of the deal will be announced on a mutually agreeable date. About Cloudastructure Headquartered in Miami, Florida, with R&D in Silicon Valley, California, Cloudastructure’s award-winning surveillance video management system is designed and supported by world-class technical resources drawn from five continents. The platform’s unique architecture enables AI and computer vision for scalable, flexible, cost-effective security and eliminates the resource-intensive management and data risks of on-premises solutions. Cloudastructure enables a unified view of multiple sites for motion, facial recognition/detection, anomaly detection, object counting, LPR, advanced analytics, and compliance and delivers up to a 75% lower total cost of ownership than other systems. About Infrastructure Proving Grounds Infrastructure Proving Grounds (IPG) produces the award-winning GearBox IoT security tool. GearBox combines a durable appliance with simple execution to allow industrial operators the insight they need to secure their infrastructure. GearBox provides cybersecurity and performance metrics to some of the nation's most critical infrastructure including utilities, commercial buildings, healthcare and transportation. IPG received the “Most Fundable Company” award from Pepperdine University in 2019, are contributors to the NIST IoT 800-53 security standard and an Intel IoT Solutions Provider.

Read More

INDUSTRIAL IOT

Marston Holdings acquires Vortex IoT Limited to enhance air quality and decarbonisation offering

Marston Holdings | January 19, 2022

Marston Holdings, the UK's leading provider of integrated, technology-enabled transport solutions, has announced its acquisition of Vortex IoT Limited, supplier of environmental sensors, networks and data solutions that support improved air quality and decarbonisation initiatives. Marston supports government, utilities and private sector clients through the delivery of market leading integrated technology-enabled solutions from design through to implementation, management and recovery. Marston's clients include local authorities seeking to build environmental schemes that reduce congestion and pollution. With the acquisition of Vortex, Marston will strengthen its offering by delivering complementary air quality and acoustic monitoring solutions that maximise awareness, identify pollution hotspots and improve public health. Air quality monitors and associated data and analytics are required to assess the success of policy in meeting clean air targets and Marston is excited to extend its technology offering to include these important and timely solutions. The acquisition of Vortex follows the 2019 acquisitions of Videalert, a supplier of intelligent traffic management solutions; ParkTrade, a Swedish-based European tolling payments and collections business; and LogicValley, an Indian-based AI-focused developer. Vortex's products further bolster Marston's transportation technology division, ensuring Marston is best placed to meet the evolving needs of its client base. Steve Callaghan, Chair of Marston Holdings, commented: "Marston Holdings has been on a journey of enhancing technological capability and I'm delighted that Vortex IoT's innovative solutions now form part of our end-to-end offering delivering cleaner, greener streets." "We have a long track record of successfully working in partnership with the public sector and this acquisition reflects client feedback seeking innovative, technology-enabled solutions," added Mark Hoskin, Chief Commercial Officer at Marston Holdings. "COP26 demonstrated public support for driving the transition to a zero-carbon economy. We are pleased to further enhance our ability to support our clients and their residents through cleaner, healthier and more people-friendly communities." "Joining Marston Holdings accelerates our ability to deliver social value and environmental change for clients. We are delighted to collectively build on the existing relationships we have established as trusted partners to our clients." Adrian Sutton, CEO of Vortex IoT About Marston Holdings Marston Holdings is the UK's largest provider of transportation and enforcement services supporting government, utilities and private sector clients. Employing over 6,000 staff and contractors across the UK, Europe and India, Marston Holdings' clients include Highways England, Transport for London and 280 local authorities. About Vortex IoT Limited Vortex IoT is a UK based company at the forefront of smart city technologies. The company builds environmental sensors, networks and data solutions to support decarbonisation efforts globally. As experts in the latest IoT, AI, 5G and LiDAR technology, Vortex enables smart cities and smart infrastructures to become more efficient, safer and greener.

Read More

INVESTMENT AND BUSINESS

Nordic Capital Announces Strategic Investment in German IoT and Wearable Technology Disruptor ProGlove

Nordic Capital | May 09, 2022

Nordic Capital, a leading European private equity investor, has signed an agreement to become the majority owner of the German-based Industrial Internet of Things (“IoT”) company ProGlove. ProGlove is a disruptive technology leader for a smarter workforce. In close partnership with ProGlove’s management and founders, Nordic Capital will enable the company to accelerate its future growth plans, further expand its customer base and invest in product development. The financial terms of the transaction will not be disclosed. ProGlove is a technology leader that has been growing rapidly since its foundation in 2014. With over 250 employees in Munich, Chicago and Belgrade, it serves numerous customers in retail and e-commerce, logistics and warehousing, manufacturing and automotive across more than 30 countries. Among them are renowned global brands such as Mercedes Benz, VW, BMW, DHL, XPO Logistics, GAP and Staples. The company provides integrated hardware and software solutions that are built around wearable barcode scanners with multiple IoT sensors allowing for hands-free data capture. This combination of German engineering and industry analytics software caters to the growing demand for digitalization across industries. ProGlove’s technology helps improve worker well-being, increase productivity and optimize efficiency. ProGlove’s market provides excellent opportunities to address increasing logistical complexity, the demand for accelerated digitalization and the need for ergonomic and efficient workflows in the wake of the global labor shortage. Nordic Capital will actively support ProGlove with its deep understanding of Industrial IoT, its strong network and significant experience from SaaS business models. Andreas König, CEO of ProGlove says: “This opportunity to work with Nordic Capital is instrumental for ProGlove to help us gain further momentum on our growth path. Building on Nordic Capital’s tremendous expertise in Industrial IoT and SaaS, we will be in a very strong position to achieve our full potential. We are extremely excited about taking our business to the next level, both in terms of growth as well as innovation.” “The ProGlove team has built an outstanding business with a strong track-record of high-quality growth. ProGlove is a technology leader with strong competitive differentiation and a unique customer value proposition to enable smooth human-machine collaboration. Nordic Capital is looking forward to writing the next chapter together with the company’s strong management team,” says Andreas Näsvik, Partner and Head of Industrial & Business Services, Nordic Capital Advisors. “I’m delighted to have Nordic Capital on board. Its partnership approach and deep sector expertise will give ProGlove additional firepower to further invest in people and technology. The acquisition by Nordic Capital undoubtedly proves the strength of ProGlove and the tremendous opportunities that lie ahead,” says Thomas Kirchner, co-founder of ProGlove. ProGlove is a very exciting company and a perfect first investment in the Industrial & Business Services sector for Nordic Capital in the German speaking part of Europe, broadening the sector footprint. Nordic Capital looks forward to working in partnership with the business to further strengthen ProGlove’s great team of engineers and software developers and to continue the exciting trajectory the company is on, Rainer Lenhard, Partner, Nordic Capital Advisors, Germany. Nordic Capital has continuously built its business over the past 15 years in the German speaking part of Europe and has become one of the most active investors, with seven companies from its focus sectors in its current portfolio. With a long history of investing in the Industrial & Business Services sector in the Nordic region, Nordic Capital’s portfolio today includes companies like Sortera, an environmental services company focused on recycling and waste solutions; iLOQ, a provider of self-powered and mobile access management systems; Consilium Safety Group, a producer of safety technologies for the marine, oil and gas, transport and building sectors; and recently listed Cary Group, a leading vehicle glass repair and replacement provider offering sustainable car care solutions. About ProGlove ProGlove is a World Economic Forum Technology Pioneer and builds the smallest, lightest, and toughest barcode scanners in the world. ProGlove’s industrial wearables connect the shopfloor worker to the Internet of Things. The wearables combined with ProGlove’s industry analytics software platform promote human-machine collaboration and drive the digitization across the shopfloor. ProGlove’s customers include some of the most iconic global industrial brands, pioneers and innovators in manufacturing and production, logistics and warehousing, retail and e-commerce, and post and parcel. About Nordic Capital Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested more than EUR 19 billion in over 120 investments. The most recent entities are Nordic Capital X with EUR 6.1 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway and South Korea.

Read More

ENTERPRISE IOT

Essence Group Announces Success in Meeting Supply Demand Throughout 2021 Despite Major Chip Shortages Caused by Ongoing COVID-19 Disruption

Essence Group | December 29, 2021

Essence Group, a leading technology group developing IoT-based security, safety and healthcare solutions and cloud services for homes, families and businesses, today announced it was able to meet the vast majority of customer orders for its connected security and senior care devices and systems throughout 2021. Success was achieved due to Essence's strategic partnerships with component suppliers and chip manufacturers, its ability to predict and forecast requirements and place advanced orders according to these models, and the company's strong purchasing power. The robust management of Essence's supply chain mitigated the global disruption caused by the ongoing COVID-19 pandemic and ensured the continued supply of products to all of its customers. "In March 2021, Essence released a statement describing our proactive resilience and detailed business planning, which ensured minimal interruption to supply during 2020," said Hagai Enoch, COO of Essence Group. "We are proud that this has continued throughout 2021, helping us to greatly exceed market expectations." Throughout 2021, Essence was able to continually source the required items and maintain production levels, resulting in a 99.5% on-time delivery rate to its partners across the United States, Europe, Latin America and Asia-Pacific. The continuity of supply enabled Essence customers to continue to support end users successfully and without any disruption. "The supply chain disruption forms part of the widescale resources challenges that affected global production, business investment and labor during 2021 and will likely continue well into 2022. Our strategic planning and decisions made early in the pandemic relieved these problems and will help us to continue meeting customer demands. Our supply chain management with strategic suppliers will ensure we are able to maintain delivery of products to customers in order to generate revenues and maintain constant growth year over year." Dr. Haim Amir, CEO and Founder of Essence Group About Essence Group Essence Group is a global technology leader with a mission to develop and deploy innovative, cloud-based, end-to-end security and healthcare solutions, underpinned by supporting services, that provide peace of mind to users. For over a quarter of a century, Essence has challenged convention by making care and safety both accessible and affordable. With over 75 million connected devices deployed worldwide, Essence helps people to live safer and more independent lives.

Read More

Spotlight

The concept of the Internet of Things has gained significant traction over the last decade, owing to collective efforts by industry players, associations as well as academia. Various consortiums of corporates as well as industry associations such as IPSO alliance, IIC (Industrial Internet Consortium), OIC (Open Interconnect Consortium) etc

Resources