relayr Acquires Proximetry


Dec 27 2016

relayr, a Berlin based Enterprise Internet-of-Things platform provider, has announced the acquisition of Proximetry to beef up their Industrial IoT initiatives.

Made possible in part by relayr's $23M Series B investment in Nov of 2016 the addition will grow relayr’s global team by more than 50 people, and add offices in San Diego where Proximetry was based and Katowice, Poland.

Proximetry had raised a total of $7.6M in 3 rounds since its founding in 2005. Customers include device developers and OEMs, chipset partners and enterprise network operators managing demanding IoT solutions for smart utilities, smart cities, building management, industrial process control, and transportation.

“The importance of this acquisition cannot be overstated,” says Josef Brunner, relayr CEO and cofounder. “The addition of Proximetry technologies to our existing product portfolio will enable relayr to deliver unparalleled performance optimization, risk prevention, and uptime models to our customers. This is just one more step for us on the path to becoming the Industrial IoT Powerhouse.”


More Details

Highlights

+ Relayr had raised a total of $36.6M in 5 Rounds of funding

+ Proximetry was founded in 2005 by Tracy Trent and Walter J. Buga

Additional Coverage

- http://proximetry.com/

- http://proximetry.com/relayr-announces-strategic-acquisition-proximetry-2/

- https://relayr.io/press-releases/relayr-announces-strategic-acquisition-of-proximetry/?utm_campaign=Social%20Media%20-%20Partner%20Promotion&utm_content=44352564&utm_medium=social&utm_source=twitter





relayr Acquires Proximetry cover image
Sponsor