Market for Internet of Things is gaining momentum with major players acquires the startups aggressively. In the latest such move Microsoft has acquired Solair, an IoT startup based in Bologna, Italy for an undisclosed amount.
With this acquisition Microsoft’s Azure services are going to witness as boost. Solair’s IoT products include analytics and AI tools that can greatly benefit Azure customers. Among these tools are included a data collection gateway as well as an enterprise platform that has already established itself as a reliable IoT platform in industries like retail, food, transport and manufacturing.
According to Tom Davis, CEO of Solair, their mission has always being enable customers make most of the internet of things capabilities at the earliest.
Speaking on the prospects of the company after the Microsoft’s acquiring, Davis says-
“The last five years have been about growth – both for us as a company and for the IoT market as a whole – but today marks a new chapter for Solair. The Solair team and I look forward to being a part of Microsoft and a very strong Azure IoT team. It’s an opportunity that will allow us to bring the power of IoT to new and unique customer scenarios.”
He also quoted-
“By building our solutions based on real customer requirements that allow them to gain real value, I’m confident that Solair’s technology and talent will be able to make an important contribution to Microsoft’s Azure IoT Suite and Microsoft’s broader IoT ambitions.”
The Real Life Example
Rancilio Group is already a happy customer of Solair who is implementing their IoT solutions for their espresso machines. The Italian manufacturer is making use of Solair’s IoT platform to better manage their supply chain by monitoring their machines remotely. This helped Rancilio to cut their operation costs and increase revenues.
With Microsoft’s Azure cloud platform backing customization and deployment internet of things solutions of Solair, industries can use the resultant IoT solutions for more profits and efficiency.
Microsoft’s partner director, Azure IoT, Sam George said following the deal-
“Solair shares our ambition for helping customers harness their untapped data and creating new intelligence with IoT, and this acquisition supports our strategy to deliver the most complete IoT offering for enterprises.”
He further added,
“We’re excited about their technology and talent – and delighted to welcome them to the Microsoft team.”
This is not the first major IoT startup acquiring, before this Sony has acquired Altair Semiconductor for whopping $212 million following the move by Cisco whereby the company acquired Jasper Technologies for $1.4 billion.
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