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

Powered by CR4, the Engineering Community

Discussion – 0 comments

By posting a comment you confirm that you have read and accept our Posting Rules and Terms of Use.
Engineering Newsletter Signup
Get the Engineering360
Stay up to date on:
Features the top stories, latest news, charts, insights and more on the end-to-end electronics value chain.
Weekly Newsletter
Get news, research, and analysis
on the Electronics industry in your
inbox every week - for FREE
Sign up for our FREE eNewsletter