Globetouch acquires Teramatrix Technologies

US provider of global connectivity solutions and IoT platforms, Globetouch, has announced the acquisition of Indian IoT solutions provider Teramatrix Technologies.
June 28, 2017 Read time: 1 min

US provider of global connectivity solutions and IoT platforms, Globetouch, has announced the acquisition of Indian IoT solutions developer Teramatrix Technologies. Globetouch will leverage and integrate the Teramatrix xFusion platform to create high value IoT applications that support Connected Cars, Autonomous Driving, predictive maintenance and edge intelligence.
 
The acquisition complements Globetouch's existing global connectivity suite and IoT platform which manages the intersection of big data, machine learning and autonomous systems for some of the world’s largest enterprise customers. The addition provides value for both Globetouch and Teramatrix customers and their IoT eco-system partners.

Location Based Systems

Related Content

  • Verra acquires T2 for $347m
    November 8, 2021
    T2 Link provides a central source for managing parking operations
    Read More
  • When weather warnings get hyperlocal
    August 24, 2016
    David Crawford looks at new technologies to cope with the age-old problem of driving in bad weather. On the 10-year average, between 2005 and 2014 bad weather contributed to more than 1.5 million vehicle crashes in the US each year, resulting in more than 800,000 injuries and 7,400 deaths. These were the findings of analysis by Booz Allen Hamilton of NHTSA data which concluded that the loss of life, hospital treatment and damage to assets costs an annual average of $42bn.
    Read More
  • ITS in the Nordic states
    April 7, 2021
    Denmark, Norway, Finland and Sweden are quietly embracing advanced traffic technologies.
    Read More
  • Four predictions for the automotive and transportation industry
    May 30, 2012
    Frost & Sullivan has released the results from its customer survey with several hundred companies conducted in December 2011, executed to find out the top predictions for 2012 for the global automotive and transportation market. Market growth in all regions except Europe, accelerated introduction of plug in hybrid and battery electric vehicles due to increasing fuel prices, mobility and integrated transportation as well as the integration of the smart phone with dedicated application stores and innovative H
    Read More

Highlighted Content