German IoT platform Cumulocity acquired by Software AG for undisclosed sum

Cumulocity, a German IoT platform, has been acquired by Software AG. The terms of the deal have not been disclosed. The acquisition will boost Software AG’s position in the Internet of Things space, the firm said in a statement. Cumulocity develops a cloud-based IoT platform for managing devices and the data they collect. The two […]

Swedish Telia buys public transit startup FältCom

Swedish company Telia has purchased FältCom, a Umeå-based startup. FältCom has been active in the Nordic market for online public transport. It is the market leader in Scandinavia for mobile platforms on buses, and all speed cameras in Sweden are equipped with FältCom technology. The company has about 40 employees and had sales in 2016 of €8.8 million.