Anousheh Ansari, who has frequented technology headlines in recent years, has announced her Richardson-based company’s latest purchase — a Silicon Valley Internet of Things platform.
Ansari’s company, Prodea Systems Inc., is acquiring Arrayent Inc. to combine technologies to deliver the first carrier-grade IoT platform, according to a release.
By 2021, BI Intelligence estimates investment in IoT globally will reach nearly $5 trillion global.
“Just as we correctly predicted the evolution of communications networks by building the first globally deployed carrier-grade voice-over-IP platform, so too do we see a shift needed in the IoT industry,” said Ansari in a release.
“Our combined companies have built two of the most innovative IoT platforms.”
Anousheh Ansari
“The IoT industry today is focused on connecting billions of devices and users, but it must evolve to enable meaningful services that drive business transformation and end-user value. Our combined companies have built two of the most innovative IoT platforms.”
With united platforms, Prodea hopes to increase user engagement and improve efficiency within IoT systems.
Founded in 2005, California’s Arrayent has worked with major appliance and electrics brands to engage customers through IoT devices.
“With Arrayent’s leadership in consumer IoT and Prodea’s extensive and proven experience in smart city, surveillance, energy management, digital health, and Industry 4.0, together we provide an unparalleled offering with significant growth opportunity across key new markets,” said former CEO of Arrayent and new Chief Revenue Officer of Prodea, Cyril Brignone in a release.
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R E A D N E X T
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The U.S. Innovation and Competition Act, which passed in May, has the power to develop 20 tech hubs throughout the United States. According to Tech Titans' CEO Bill Sproull, Dallas-Fort Worth could be a strong contender for one of those spots.
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Early-stage startups and other innovators can submit breakthrough concepts in 5G, the Internet of Things (IoT), energy, digital health care, Industry 4.0, and mobility technologies. Applications are open through June 20.
