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

  • Otonomo and NXP link on CV data 
    January 5, 2022
    NXP vehicle processing platforms generate data that can power driver safety applications 
    Read More
  • Investment and innovation the future of ITS
    January 31, 2012
    Cisco's Paul Brubaker, former administrator of the US Department of Transportation's (USDOT's) Research and Innovative Technology Administration (RITA), takes a look at how the ITS sector is starting to attract the attention of major corporations and what this will mean for intelligent transportation in the coming years
    Read More
  • IoT fleet management market to grow by more than 20 per cent by 2021
    April 24, 2017
    A new report by MarketsandMarkets estimates that the Internet of Things (IoT) fleet management market will grow fromUS$3.16 billion in 2016 to US$8.28 billion by 2021, at a CAGR of 21.26 per cent. According to the report, the key factors driving the growth of the IoT fleet management market are increased demand for optimised business operations, real-time fleet monitoring and a growing number of government mandates for fleet safety. Routing management accounted for the largest share of the IoT fleet managem
    Read More
  • Pittsburgh opts for Transcore traffic management
    June 1, 2015
    Expanding upon more than 17,000 intersections already managed by TransCore’s TransSuite software, the city of Pittsburgh announced it has selected TransCore’s TransSuite Traffic Management Software solution to manage its traffic signal operations. The project will initially integrate 130 of the city’s intersections.
    Read More

Highlighted Content