Electronics and Semiconductors

Globetouch Makes a Land Grab in IoT with Teramatrix Acquisition

22 June 2017

Globetouch has acquired Internet of Things (IoT) provider Teramatrix Technology Ltd. in an effort to boost support for connected cars, autonomous driving, predictive maintenance and edge intelligence.

Globetouch says the acquisition will complement its existing global connectivity suite and IoT platform that is used for big data, machine learning and autonomous systems. Teramatrix’s xFusion software platform collects, aggregates and analyzes contextual data from devices, sensors, apps, workforce and customers.

“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.”

To contact the author of this article, email PBrown@globalspec.com


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