German software company SAP has boosted its expansion into the Internet of Thing space with the acquisition of PLAT.ONE, Internet of Things (IoT) solution platform. The move is part of planned $2 billion plus investment in the sector. PLAT.ONE is headquartered in Palo Alto, California, but originated in Italy. SAP intends to integrate PLAT.ONE into its Hana Cloud Platform (HCP).
PLAT.ONE's IoT platform is designed to enable the rapid development and scalable management of enterprise IoT environments, including connected products, smart cities, connected transport and smart manufacturing.
Dr. John Bates, CEO of PLAT.ONE, said, "It's a great testimony to the PLAT.ONE team and technology that SAP selected PLAT.ONE to become a key part of its IoT offering. We believe this acquisition further strengthens and solidifies SAP's position as the global leader in the connected business space and we're excited to be part of that opportunity."
SAP's IoT approach enables IoT development and runtime services through the Hana Cloud Platform (HCP) – to make it easy for enterprises and system integrators to build IoT-enabled applications.
SAP utilises HCP to build its own IoT solutions to accelerate deployment of particular IoT use cases for customers. HCP also empowers SAP's partner ecosystem, enabling partners to populate the SAP Hana Application Center marketplace with IoT-enabled solutions.
Bjoern Goerke, EVP of Product and Innovation Technology, SAP said: "We conducted a review of IoT platforms in the market and found PLAT.ONE to be a strong leader, particularly in device interoperability, edge processing capabilities and development capabilities. It is great to add these leading capabilities to SAP HCP."
Filippo Murroni, founder and CTO of PLAT.ONE, added: "We are delighted to be part of SAP. We've done amazing things as a start-up and now we look forward to contributing strategically to a much larger business!"