Greenwave Acquires Predixion Software; to Offer Real-time Data Insights

SINGAPORE: Greenwave, a provider of Internet of Things (IoT) solutions, acquires Predixion Software to boost customer experience in IoT, M2M, network management and media delivery for IPTV and linear TV. The acquisition will leverage Greenwave’s Axon Platform to develop with advanced visual analytics enabling real time data insights across the connected networks. It also provides new connected services partnering with Verizon, Frontier Communications, IBM and E.ON.

Greenwave’s Axon software along with with Predixion’s RIOT product facilitates its customers to capture, analyze, and act on real time insights. This capability enhances Axon to deliver advanced IoT experience to its customers and deliver deeperinsights into network management and performance.

Axon IoT provides a platform to create managed service by translating communication from various devices into a common IP-based language. The service providers can maintain interoperation between different networks and enhance their service.

“We are thrilled to add Predixion Software to our team,” says Martin Manniche, founder and CEO at Greenwave Systems. “With this acquisition we welcome some of the industry’s strongest data scientists, engineers and top talent to our company, including Simon Arkell, Predixion’s co-founder and CEO, who will assume the role of GM of Software Platform and Analytics. The Predixion RIOT software is a natural addition to our product line because it’s designed for an end-to-end solution, scalable in the cloud, and optimized for embedded devices that sit on fixed-line or mobile networks. Integrating RIOT software into our AXON Platform will enable our customers to extract value from nearly 8 million households and 4 million mobile devices deployed with AXON software.”