10 Blockbuster Acquisitions That Helped Companies Get Ahead In IoT In 2017

Prodea Systems – Arrayent

Cloud services firm Prodea systems announced in July that it has acquired Arrayent for its IoT services platform. The Richardson, Texas company said it would create IoT services to collect data from sensors for enterprise applications.

Meanwhile, Arrayent, a Redwood City, Calif.-based company, manages connected consumer products – including lighting, home access systems, HVAC systems and major appliances. The two companies will combine their services to offer an end to end solution for customers for vertical markets that need predictive analytics. Terms of the acquisition were not disclosed.

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