Maidenhead's Wireless Logic acquires French outfit IoThink Solutions
Provider of Internet of Things (IoT) connectivity solutions, Wireless Logic, has announced the acquisition of the French company IoThink Solutions.
Nice-based IoThink Solutions, founded in 2016, provides software that enables customers to build custom IoT platforms for remote monitoring and analysis of industrial IoT equipment and environments.
Maidenhead-headquartered Wireless Logic’s latest deal, for an undisclosed sum, follows on from the acquisition of Mobius Networks and Jola in July.
Oliver Tucker, CEO of Wireless Logic, said: “There are great synergies between Wireless Logic and IoThink Solutions, and this is an exciting acquisition for us, as it extends our reach to an adjacent part of the value chain. As IoT scales, the tools and solutions that IoThink offers are increasingly important to optimise any IoT project for maximum efficiency, and we are excited to bring these capabilities to our customers as they accelerate their own deployments. Similarly, our connectivity solutions will be a valuable addition to the Kheiron IoT Suite, helping customers decrease complexity and time to market. We look forward to working closely with the talented and innovative IoThink team.”
IoThink Solutions' Kheiron suite supports low-code development and syncs with 750 pre-integrated sensor devices while also offering digital twin capabilities and templates for industrial use cases.
Jeremy Mirouf, Co-founder and CTO at IoThink Solutions commented: “We are delighted to be joining the Wireless Logic Group. This will enable us to accelerate the development of our IoT enablement capabilities for our 1,000+ customers across the globe, as well as introducing our own capabilities to Wireless Logic customers. Innovation is at our core, and we are passionate about delivering scalable, cost effective and user-friendly software solutions to simplify IoT. I am thrilled that Wireless Logic’s reliable and secure connectivity solutions will now be available to IoThink customers. This will provide our joint customer base with a horizontal ‘one-stop-shop’ to help speed up and simplify global IoT deployments.”
Osborne Clarke's Paris office advised Wireless Logic with a team comprising of:
Corporate and lead: Catherine Olive, partner, Cyrille d'Amécourt, senior associate and Anthony Chung, associate
IP/IT/data: Xavier Pican, partner, and Daniel Martel, associate
Employment law: Jérôme Scapoli, partner, and Maud Parssegny, associate
IoThink Solutions were advised by LERINS, with a team made up of of Laurent Julienne, partner, Yohann-David Saadoun and Julia André.
