Berlin-based IoT platform provider Relayr has announced its acquisition of Munich-based Neokami, an artificial intelligence data security company. This is Relayr's second strategic acquisition within two months, after buying the American device management company Proximetry.
Relayr develops IoT solutions to digitize physical objects with a cloud platform that communicates from Any-to-Any (any service, any software, any platform, any sensor). Through this latest acquisition, Relayr is taking steps to address one of their customers' top concerns - security for IoT implementations. The Neokami acquisition will integrate excellent security, machine learning, and artificial intelligence capabilities to Relayr's products.
"We can only be successful by keeping the success of our customers at the center of our strategy. The acquisition of Neokami, just as with Proximetry, is the result of Relayr's deeply held commitment to listening to our customers and partners feedback and delivering the IoT solutions that they need most," said Relayr CEO, Josef Brunner, in a statement.
Relayr will continue to invest in Neokami's operations, and plans to grow the workforce in Munich to 30 by the year's end.
Read more: PR Newswire (Press release)