SA’s IoT.nxt raises $7.7m for global expansion

5 South African IoT Executives You Should Know

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South African Internet of Things startup IoT.nxt has secured a further ZAR100 million (US$7.7 million) from funding partner Talent Holdings to expand globally.

The Pretoria-based IoT.nxt has developed a framework that moves business beyond islands of automation and towards a seamless horizontally and vertically integrated digital enterprise.

Disrupt Africa reported in December the one-year-old company was expanding internationally for the first time, announcing it would open an office in London early in 2017. Further expansion is now underway after IoT.next secured extra funding totalling US$7.7 million.

“We are grateful for the confidence Talent have shown with this latest round of funding and believe this will cause another shift in our growth. We will apply these funds further step up innovation and at the same time extend the productisation of the platform into specifically target market sectors,” said chief executive officer (CEO) Nico Steyn.

He said the UK and European markets offered exciting opportunities for the IoT.nxt Internet of Things solution, though South Africa is rapidly catching up and the company would continue to take its home market seriously.

“We are using the momentum that we have built up in South Africa with industrial applications that we are implementing in various sectors like the mining, ports, and healthcare industries, facilities management, automotive retail, smart buildings and food processing. Our traction in South Africa serves as a great launchpad to do the same in Europe,” said Steyn.

www.disrupt-africa.com

IoT.nxt secures R100m funding

IoT.nxt secures R100m funding

iot.nxt

The UK and European markets offer very exciting opportunities for the IoT.nxt Internet of Things solution. Those markets are certainly a little further with regards to adoption but South Africa is rapidly catching up, and in some instances ahead of global companies. We have very forward thinking business leadership in South Africa and they understand the  key role the technology will play in unlocking business value.

This is the word from IoT.nxt CEO, Nico Steyn, after speaking, exhibiting and attending IOT Tech Expo in London recently. IoT.nxt was the only South African company at the event and Steyn with Deloitte Digital’s Gareth Rees the only South African based business who addressed the connected industry sessions at the event.

“We are using the momentum that we have built up in South Africa with industrial applications that we are implementing in various sectors like the mining, ports, and health care industries, facilities management, automotive retail, smart buildings and food processing. Our traction in South Africa serves as a great launchpad to do the same in Europe,” Steyn says.

“It was an exciting opportunity at probably the pre-eminent IoT conference with over 5000 attendees and hundreds of exhibitors. We were truly privileged to be able to rub shoulders with the leading lights in the IoT industry and some very exciting potential clients. We certainly got to experience the hype and excitement that exists in Europe and the UK around the potential impact of  IoT on the global economy,” he added.

According to Steyn, in terms of IoT frameworks that were on show, our solution is in many facets world leading.

IoT.nxt was invited to attend the Expo by a leading UK SI, Bell Integration as they see IoT.nxt’s technology as having huge application potential in the European market. “After attending the IoT World conference in Barcelona last year October we made a decision that we had to expand our solution offering into Europe and with a longer term view of a global strategy.”

We have opened a European office – London based –  and are speaking to many potential partners that will facilitate our European expansion. These are certainly exciting times for us and exciting to see a truly South African developed solution compete on the international stage.

Steyn says that history shows that successful international expansion strategies are well funded, have good partners and have a committed management team behind them. IoT.nxt has secured a further R100m from its dedicated investor and funding partner Talent Holdings. “We are grateful for the confidence Talent have shown with this latest round of funding and believe this will cause another shift in our growth. We will apply these funds further step up innovation and at the same time extend the productization of the platform into specifically target market sectors ” Steyn says.

www.techitout.co.za

IoT.nxt raises R100m for global expansion

Johannesburg, 17 February 2017

The UK and European markets offer very exciting opportunities for the IoT.nxt Internet of things solution. Those markets are certainly a little further with regards to adoption, but South Africa is rapidly catching up, and in some instances, is ahead of global companies. There is very forward-thinking business leadership in South Africa and they understand the key role the technology will play in unlocking business value.

This is the word from IoT.nxt CEO, Nico Steyn, after speaking, exhibiting and attending IOT Tech Expo, in London, recently. IoT.nxt was the only South African company at the event and Steyn, with Deloitte Digital’s Gareth Rees, the only South African-based business addressing the connected industry sessions at the event.

“We are using the momentum that we have built up in South Africa with industrial applications that we are implementing in various sectors like the mining, ports, and healthcare industries, facilities management, automotive retail, smart buildings and food processing. Our traction in South Africa serves as a great launchpad to do the same in Europe,” Steyn says.

“It was an exciting opportunity at probably the pre-eminent IOT conference, with over 5 000 attendees and hundreds of exhibitors. We were truly privileged to be able to rub shoulders with the leading lights in the IOT industry and some very exciting potential clients. We certainly got to experience the hype and excitement that exists in Europe and the UK around the potential impact of IOT on the global economy,” he added.

According to Steyn, in terms of IOT frameworks that were on show, our solution is, in many facets, world-leading.

IoT.nxt was invited to attend the expo by a leading UK SI, Bell Integration, as it sees IoT.nxt’s technology as having huge application potential in the European market. “After attending the IoT World conference in Barcelona last year October, we made a decision that we had to expand our solution offering into Europe and with a longer term view of a global strategy.”

We have opened a European office – London-based – and are speaking to many potential partners that will facilitate our European expansion. These are certainly exciting times for us and exciting to see a truly South African developed solution compete on the international stage.

Steyn says history shows that successful international expansion strategies are well funded, have good partners and have a committed management team behind them. IoT.nxt has secured a further R100 million from its dedicated investor and funding partner, Talent Holdings.

“We are grateful for the confidence Talent have shown with this latest round of funding and believe this will cause another shift in our growth. We will apply these funds to further step up innovation and at the same time extend the productisation of the platform into specifically targeted market sectors,” Steyn says.

www.itweb.co.za

 

IoT NxT to showcase at IOT Forum Africa 2017

February 9, 2017 • Staff Writer, Top Stories

IoT NxT will be an exhibitor at this year’s Internet of Things Forum Africa conference (#IOTFA) to be held on 29 and 30 March 2017 at Gallagher Convention Centre in Johannesburg.

The conference will host IT executives, developers & makers, OEM’s, policy makers, automotive exec’s, operators, technology providers and many more. It is set to showcase cutting edge technologies from leading exhibitors and provide insight from world-class speakers sharing their  industry knowledge and real-life experiences.

About IoT.nxt
IoT.nxt is a technology company that has developed a globally unique suite of Internet of Things (IoT) hardware & software products. The Centurion-based company has developed a framework that moves business beyond islands of automation and towards a seamless horizontally and vertically integrated digital enterprise.

The IoT.nxt innovation offers companies a consolidated view of their entire IoT ecosystem, allowing them to input all documented business processes into one workflow application and detect all devices on a network. IoT.nxt supports agile deployment across multiple industry sectors and is technology agnostic, thus not only conserving an organization’s existing technology investment but also forming the underpin for future-proofing organizational digital transformation.

Confirmed speakers for IOTFA include:

  • Prof Hlengiwe Mkhize, Deputy Minister, Dept. of Telecom and Postal Services
  • Justin Gregory, CIO at FNB Fiduciary
  • Prasanna Kumar Burri, Group Head of IT at Dangote Industries Nigeria
  • Jamie Whittaker, Chief Digital Officer at Discovery Limited
  • Prof Ndubuisi Ekekwe, TED Fellow, Founder, CEO at Zenvus Nigeria
  • Brett StClair, Head of Digital Products Barclays Africa Group
  • Chandima Miyanadeniya, CIO at Aon South Africa
  • Michael Mbuthia, CIO at Kenya Bankers Association
  • Raoul Blingnaut, Technology head at Citi Bank

Forum information visit: http://www.iotforumafrica.com/ 

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London Calling for South African IoT Startup Expansion

SA IoT Firm Spreads Its Wings To The UK

Tim Skinner, Editor, Connecting Africa, 2/6/2017

South African IoT start-up project IoT.nxt has announced it will be opening up a London office following a successful first 12 months.

IoT.nxt prides itself on having a completely technology-agnostic platform which it claims can ensure interoperability of devices, applications, sensors, machines and people using any network or operating system. The biggest selling point for businesses, it claims, is that enterprise organisations can still use existing infrastructure investments in this neat little bundled up IoT package.

According to the Pretoria-based start-up, the UK is its ideal destination owing to the strong trade ties currently in place with South Africa and ease of communications between the new office and HQ. Presumably, much of that ease comes down to the similar time zones the two locations share.

As is customary for any announcement from an IoT firm, IoT.nxt included handy statistics from a third party which estimates how much the market will be worth, how many devices will be connected, yadda yadda. It cites Business Insider research in saying $6 trillion will be spent globally on IoT during the next five years, while 34 billion devices will be connected by 2020 (up from 10 billion in 2015). Specifically, IoT devices will account for 24 billion, while traditional computing devices, such as smartphones, tablets and smartwatches, will comprise the remaining 10 billion.

“Using an IoT solution is about business strategy, not about technology,” said CEO Nico Steyn. “There are many efficiencies to be unlocked through the IoT. BI’s report listed three key areas that the IoT can improve a company’s bottom line – lowering operating costs; increasing productivity; and expanding to new markets or developing new product offerings. This is what we have achieved for our customers.”

IoT.nxt confirmed it has identified two UK associate companies to cooperate with in the early phases of the expansion effort, and two South African employees will be based there during the launch phase.

http://www.connectingafrica.com