relayr has completed the acquisition of Proximetry, an Internet of Things software solutions company for device management at scale. Along with the company's organic growth, the addition will grow relayr's global team by more than 50 people, and add offices in San Diego, and Katowice.
The acquisition of Proximetry will its ability to deliver solutions beyond their current focus of Manufacturing, Smart Buildings, Retail, and Retrofitting to include the Transportation and Energy/Utilities markets. In addition, this will expand relayr's already strong and growing partner ecosystem.
The acquisition, made possible by their recent Series B investment, is part of relayr's commitment to continued company growth and innovation; achieving relayr CEO Josef Brunner's stated goal of increasing the company's current staff by 50% before the end of the year to accelerate product development.
Over a decade, Proximetry has built a partner and customer base across industrial vertical markets like smart cities, transportation, and utilities, using their device management capabilities, together with global industrial suppliers. Proximetry's technology will solidify relayr's capabilities in large-scale device management, security, and firmware management; and add a significant number of industrial protocols to their catalogue.
"The importance of this acquisition cannot be overstated," says Josef Brunner, relayr CEO and co-founder. "The addition of Proximetry technologies to our existing product portfolio will enable relayr to deliver unparalleled performance optimization, risk prevention, and uptime models to our customers. This is just one more step for us on the path to becoming the Industrial IoT powerhouse."