Greenwave Systems Acquires Predixion Software


Sep 20 2016

Predixion Software, the creator of RIOT, a self-contained visual edge analytics engine has been acquired by Greenwave Systems for an undisclosed amount.

The technology will be integrated into Greenwave's AXON software suite.

“Real-time analytics are invaluable to companies with IoT deployments as they provide critical insights into network devices at any given time. For example, with advanced analytics monitoring and reporting on devices across the network in real time, companies can fix maintenance issues before they cause bigger problems or shift resources to offload an overworked device,” said Jim Douglas, president of Wind River, a Predixion Software partner. “We are excited to continue our work with Greenwave and develop next generation analytics solutions for IoT.”



More Details

Highlights

+ Predixion had raised $36.83M in 5 Rounds of funding from 9 Investors since 2010 - including a debt financing round in Feb 2016 and a $4.03M Series D in April 2015

+ Predixion was founded in 2010 by Simon Arkell and Steve DeSantis

+ Greenwave currently has 280 employees worldwide




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