Low Power Wide Area Networks (LPWAN) specialist Actility has acquired Abeeway, the geolocation system company. The acquisition gives Actility a portfolio of IoT location services to support service providers and IoT solution vendors across a range of industry sectors.
The acquisition is Actility's first following a $75m fundraising round supported by new and existing investors, which is intended to enhance its technology portfolio and accelerate worldwide growth.
"We're seeing massive demand for location-aware IoT solutions from industry," said Actility CEO Mike Mulica. "We've been rapidly developing our ThingPark Location platform to deliver tools to service providers and our customers in the tracking ecosystem.
"As a long-time partner with Abeeway, we saw great potential in adding its patented assisted GPS (A-GPS) technology and expertise in tracking to the capabilities of our ThingPark platform."