Globetouch Inc., a leading provider of global connectivity solutions and IoT platforms, today announced the acquisition of IoT solutions provider Teramatrix Technologies Ltd. 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.
Teramatrix’s xFusion is a software platform that enables cross industry enterprise applications to enhance customer satisfaction and operational intelligence. xFusion’s system collects, aggregates, and analyzes the massive contextual data emanating from devices, sensors, enterprise apps, workforce and customers.
Globetouch has built a pioneering, virtual and collaborative ecosystem of network operators, and provides global connectivity services that can be fully managed through its IoT platform. Its innovative approach to IoT connectivity powers business opportunities and enables enterprises, operators, OTT providers, device distributors and OEMs to create valuable new revenue streams.
“The addition of Teramatrix significantly improves our IoT and Connected Car strategies,” said Riccardo Di Blasio, CEO of Globetouch. “We will be using our Cloud SIM and xFusion IoT technologies to enable the future of Autonomous Cars.”
“This move provides greater opportunity for our customers to scale, expand and grow their businesses in IoT as they reach out into new markets and geographies,” said Utkarsh Jain, CEO of Teramatrix Technologies.