Globetouch acquires IoT solutions provider Teramatrix Technologies

Key highlights:

• Globetouch announced the acquisition of IoT solutions provider Teramatrix Technologies
• Globetouch will leverage and integrate the Teramatrix xFusion platform to create high value IoT applications
• It will support connected cars, autonomous driving, predictive maintenance and edge intelligence

Globetouch Inc, a connectivity solutions and internet of things (IoT) platforms, on Thursday announced the acquisition of IoT solutions provider Teramatrix Technologies. 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.

Riccardo Di Blasio, CEO of Globetouch said, “The addition of Teramatrix significantly improves our IoT and Connected Car strategies. We will be using our Cloud SIM and xFusion IoT technologies to enable the future of Autonomous Cars.”

Utkarsh Jain, CEO of Teramatrix Technologies said, “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.”