Iot.nxt appoints experienced rainmaker as Chief Commercial Officer

Iot.nxt appoints experienced rainmaker

MEDIA STATEMENT

DALLAS. 22 May 2019 – Iot.nxt appointed John Neville, previously Head of Strategic Partnerships and Business Development at Nasdaq-listed ADTRAN, as Chief Commercial Officer to support the company’s explosive growth as it addresses rapidly expanding IoT markets across the globe.

“John brings a wealth of experience, executive relationships and industry knowledge. I am confident that his track record of success in leading world class sales organizations at Verizon, Terremark Worldwide, Ericsson and most recently at ADTRAN, will support and enhance our global expansion drive,” says IoT.nxt CEO, Nico Steyn.

According to Neville IoT technology is currently the fastest growing sector in the ICT industry. “I am excited about joining the most innovative IoT company, currently on the fast-track to reach many regions and deliver solutions to a variety of industries. A recent announcement that telecom giant Vodacom has acquired a majority stake in IoT.nxt (Media Statement) provides IoT.nxt a quantum leap in access to customers on a global basis. It is the perfect time to join the company.” Neville added.

Neville holds a Bachelor of Business Degree from SMU. He has also completed the Executive program at University of Virginia Darden as well as The Advanced Telecommunications Management program at Columbia University in NYC.

He will be based at IoT.nxt’s office in Dallas, Texas.

ISSUED BY: IoT.nxt
For further information please contact:
Daleen van Wyk
Media Liaison
Tel: +27 83 302 0827
Email: [email protected]

www.iotnxt.com

About IoT.nxt
IoT.nxt’ s unique and agnostic IoT technology stack is a highly scalable agile IoT digitisation platform. Its patented IoT.nxt RaptorTM edge gateway technology allows organisations to rapidly digitise and retrofit onto all existing legacy devices and blend this with new and more modern technologies. A powerful cloud-based data abstraction model further translates anything and everything from the edge, supporting a true subscription based big data model. IoT.nxt is the enterprise solution category winner and overall winner of the MTN Business IoT Award 2017 in South Africa. IoT.nxt opened its European office in The Hague, The Netherlands in 2017 and set up US based operations out of Dallas and Tampa in October 2018.

About ADTRAN
ADTRAN, a leading provider of next-generation open networking and subscriber experience solutions, announced its collaboration with IoT.nxt at Mobile Tech World in Barcelona in February. Through this partnership carriers and companies around the world can design new services and solutions by bringing together various streams of IoT device data into a single, easy-to-use platform.

Vodacom to acquire 51% stake in IoT.nxt for undisclosed sum

Tuesday 14 May 2019 | News

Vodacom said it will acquire a 51 percent stake in South African Internet of Things specialist IoT.nxt. The value of the deal has not been disclosed by Vodacom and is subject to approval by the Competition Commission. IoT.nxt was founded by Nico Steyn in 2015.

Vodacom CEO Shameel Joosub said the acquisition will help the company to enhance its IoT offering. Joosub said that IoT.nxt offers unique edge technology and a tech-agnostic platform that can play a significant role in solving the challenges of legacy systems that have integration limitations.

This acquisition, Joosub said, will position Vodacom as the digitisation partner of choice for customers. The IoT.nxt brand will also remain, added Steyn. IoT.nxt currently has numerous clients in the South African IT and telecoms market, including Telkom, Cell C, Fastnet and T-Systems.

Vodacom acquires stake in IoT.nxt

14 May 2019 Thabiso Mochiko

Vodacom Group has bought a 51% stake in IoT.nxt to accelerate its Internet of Things (IoT) strategy.

IoT refers to networks of physical devices that use sensors to connect and transfer data over the internet. In the year to March, Vodacom’s IoT customers grew 24.4% to 4.5-million.

IoT.nxt provides a wide spectrum of IoT products with operations in the US, Europe and SA.

Vodacom Group CEO Shameel Joosub says the acquisition of IoT.nxt brings a number of advantages to Vodacom’s existing IoT capability, including a technology platform that will allow the group “to better orchestrate” the information obtained from sensors and edge devices, among other things. It will also “enable us to further scale our IoT business across multiple verticals as we move up the value-chain”, he said

Joosub said Vodacom will continue to seek strategic acquisition opportunities to drive ongoing investment in the IoT sector.

IoT.nxt CEO Nico Steyn said Vodacom’s investment will provide the company “with the freedom to expand our business vision while we build a class-leading product that will be sold globally, through multiple channels, including Vodacom’s competitors”.

IoT.nxt’s management team will continue to run the company, working closely with Vodacom’s IoT business led by Vodacom Business CEO William Mzimba.

[email protected]

Vodacom acquires 51% of SA startup IoT.nxt

Staff reporter 15 May 2019

Vodacom has reached an agreement to acquire a majority stake in SA Internet of Things (IoT) startup IoT.nxt.

While neither Vodacom or IoT.nxt have disclosed the amount the telco paid to acquire a majority stake in the startup, it’s likely to be in the hundreds of millions of rands.

IoT.nxt startup has raised R120-million in two rounds in under four years, from Talent10, a Midrand-based asset management company which currently holds a 30% stake in the startup (though this was taken at a time when the startup was generating far lower revenue than it is now).

Vodacom said in a SENS announcement (opens as PDF) on Monday (13 May) that it had entered into an agreement to purchase a 51% equity interest in 10T Holdings and IoT.nxt BV. The transaction is subject to the approval of the Competition Commission, it said.

The telco said the deal will “significantly accelerate” Vodacom’s Internet of Things (IoT) strategy and transform its dedicated IoT business unit.
The Pretoria-based startup, which is led by co-founder and CEO Nico Steyn (pictured above) was founded in 2015, focuses on delivering innovative IoT software and hardware solutions.

IoT.nxt’s open platform network enables users of the platform to carry out rapid software development and integration.

In a statement yesterday Vodacom Group CEO Shameel Joosub said in addition to accelerating Vodacom’s IoT strategy, its investment in IoT.nxt brings a number of advantages to Vodacom’s existing IoT capability, including class-leading platform technology.

Read more: https://bit.ly/2EefiMA

Vodacom drives Internet of Things strategy with IoT.nxt acquisition

Expect big things from Vodacom in 2020

14 May 2019

Vodacom Group has reached an agreement to acquire a majority stake in IoT.nxt in a move that will significantly accelerate Vodacom’s Internet of Things (IoT) strategy and transform its dedicated IoT business unit. Vodacom has identified IoT as a key strategic growth area for the Group. This latest acquisition will enable Vodacom to operate across the full IoT value chain and develop best-in-class solutions for clients across a number of industry verticals.

IoT.nxt develops world-class technology and is an industry-leading end-to-end IoT solutions provider with operations in the USA, Europe and South Africa.

Vodacom Group CEO Shameel Joosub says:
“In addition to accelerating Vodacom’s Internet of Things strategy, our investment in IoT.nxt brings a number of advantages to Vodacom’s existing IoT capability, including class-leading platform technology. For example, this will allow us to better orchestrate the information obtained from sensors and edge devices as well as enable us to further scale our IoT business across multiple verticals as we move up the value-chain. Vodacom will continue to seek strategic acquisition opportunities to drive ongoing investment in the IoT sector and to become the digitalisation partner of choice for enterprise clients and customers.”

IoT.nxt CEO Nico Steyn says:
“This partnership is incredibly exciting for IoT.nxt. It allows us to combine the power of our technology and the considerable strength of Vodacom’s capabilities, footprint and brand. Vodacom has critically evaluated many platforms globally, and has had operational success in projects with us, so this partnership resulted from these wins. IoT.nxt delivers significant technical differentiation and allows Vodacom to leverage the technology across all industries, allowing for both scalability and rapid time-to-market. Vodacom’s investment will provide us with the freedom to expand our business vision while we build a class-leading product that will be sold globally, through multiple channels, including Vodacom’s competitors.”

Read more: BizNews

Vodacom making good on key strategic growth areas

By Ruan Jooste 14 May 2019

Vodacom has taken a small but significant step by acquiring a majority stake in IoT.nxt – a local Internet of Things company, signaling that it may see its future leaning towards new services technologies.

Vodacom is further venturing into new services and technologies that will use mobile networks as a connection point or hub. It has announced that it is buying a majority stake in IoT.nxt – a local Internet of Things company based in Centurion. IoT.nxt is one of the gems in the stable of investment holding company Talent10 Holdings, of which Sipho Nkosi, current chairman of Sasol and former Exxaro CEO, is a majority shareholder.

The Internet of Things (IoT) is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers and ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.

“Our acquisition of IoT.nxt, with their unique edge technology and tech-agnostic platform, plays a significant role in solving the challenges of legacy systems that have limitations of integration and will position Vodacom extremely well in being the digitalisation partner of choice for customers, beyond connectivity,” says Shameel Joosub CEO of Vodacom, during a webcast with the media discussing the annual results for the year ended 31 March 2019.

“IoT.nxt CEO Nico Steyn says that IoT is bringing new insights into business and is disrupting different sectors. As a result, most industries now looking towards digitisation, like IoT, to start driving productivity and efficiency.

The company has established itself as quite the niche player in this space in SA with clients like Vodacom, Anglo American, Bidvest and PPS, to name a few listed as clients on their website. It has also made significant inroads into Europe and the US.

The firm has already invested heavily in applications and online platforms, leveraging Big Data, Artificial Intelligence and Robotic Process Automation to improve its customer service. And with this latest acquisition, one thing is very certain: customer service is at the crux of Vodafone’s future strategy.

“By introducing new ways of using big data and machine learning, we now use this to drive intelligent decision making including optimising capex investment, greater sophistication in financial services and constantly improving our personalised product offers to customers,” says Joosub.

“We expect the solid momentum from our digital services platforms to continue. Further, the strategic partnerships being formed by our Enterprise business will strengthen our IoT offers and Enterprise propositions, ultimately to the benefit of consumers. It has announced that its IoT division has over 4 million connections to its IoT platform.

The analyst firm Gartner says that by 2020 there will be over 26-billion connected devices.

Vodacom recognised the unique offering in IoT technology and made this investment to allow it to leverage the entire IoT value chain,” says Wayne Fitzjohn, Talent10 CEO. “This investment will drive development and expansion into more territories for IoT.nxt and allow the company to further commercialise a number of its vertical solutions to off the shelf products, without slowing down its core development and innovation of its platform,” he says.

IoT has long been hailed as an opportune market and with the pending launch of 5G, it’s likely the technology will soon become the norm.

In fact, Vodacom IoT technologies are already embedded within several connected vehicles built by firms such as Audi, BMW, Daimler, Ford, General Motors, Jaguar Land Rover, Porsche, SEAT, VW and Yamaha motorbikes.

In March, Vodacom Business announced findings of its latest IoT Barometer 2019, which highlights a clear picture of how non-adopters of IoT business will have fallen behind rivals within a few years.

Commenting on the findings, Peter Malebye, Managing Executive for Vodacom Business IoT said: “IoT is central to business success in an increasingly digitised world, with 72% of adopters saying digital transformation is impossible without it.”

The good news is that IoT enablement platforms make the technology easier to deploy for businesses of all sizes and connectivity options like NB-IoT and 5G will make implantation easier and improve services.

Malebye stated that looking to the future, new technology will continue to power the performance of IoT.

Says Joosub: “In August last year, through Vodacom Lesotho, we laid claim to being first in Africa to connect customers to a commercial 5G network.”

He says Vodacom SA is ready to follow Lesotho’s lead, but government’s continued failure to release the required spectrum is proving detrimental to the industry.

At the beginning of April 2019, the telecommunications and postal services department announced, in a statement, that the policy directive would be issued by the end of that month. However, in a later statement, the department indicated that following extensive consultations, the minister “deems it necessary to hold the Policy Direction on Unassigned High Demand Spectrum in abeyance for consideration” for the next administration.

“It has been 14 years, almost 15 years without any additional spectrum being secured,” says Joosub. “We are being left behind from participating in the Fourth Industrial Revolution.”

A 5G spectrum auction has been slated for 2020, but given the government’s track record, the likelihood of this deadline being met is questionable.

Adequate spectrum is an important resource for mobile operators, and Joosub said it would allow mobile networks to cut mobile data prices in half.

He says on the financial period under review: “A sharp reduction in our out-of-bundle tariffs contributed to the 37% decline in effective data prices since the end of March last year. In addition to enabling customers to manage their spend and utilise their data, virtually worry-free, this translates into a further R2-billion in savings enjoyed by customers as part of our ongoing pricing transformation strategy. Over a three-year period, data prices have fallen by 57%; despite not having access to further available spectrum.

Read more: DailyMaverick

 

 

Vodacom Group enters into an agreement to acquire majority stake in IoT.nxt

MEDIA STATEMENT 14 May 2019

Vodacom Group has reached an agreement to acquire a majority stake in IoT.nxt in a move that will significantly accelerate Vodacom’s Internet of Things (IoT) strategy and transform its dedicated IoT business unit. Vodacom has identified IoT as a key strategic growth area for the Group. This latest acquisition will enable Vodacom to operate across the full IoT value chain and develop best-in-class solutions for clients across a number of industry verticals.

IoT.nxt develops world-class technology and is an industry-leading end-to-end IoT solutions provider with operations in the USA, Europe and South Africa.

Vodacom Group CEO Shameel Joosub says: “In addition to accelerating Vodacom’s Internet of Things strategy, our investment in IoT.nxt brings a number of advantages to Vodacom’s existing IoT capability, including class-leading platform technology. For example, this will allow us to better orchestrate the information obtained from sensors and edge devices as well as enable us to further scale our IoT business across multiple verticals as we move up the value-chain. Vodacom will continue to seek strategic acquisition opportunities to drive ongoing investment in the IoT sector and to become the digitalisation partner of choice for enterprise clients and customers.”

IoT.nxt CEO Nico Steyn says: “This partnership is incredibly exciting for IoT.nxt. It allows us to combine the power of our technology and the considerable strength of Vodacom’s capabilities, footprint and brand. Vodacom has critically evaluated many platforms globally, and has had operational success in projects with us, so this partnership resulted from these wins. IoT.nxt delivers significant technical differentiation and allows Vodacom to leverage the technology across all industries, allowing for both scalability and rapid time-to-market. Vodacom’s investment will provide us with the freedom to expand our business vision while we build a class-leading product that will be sold globally, through multiple channels, including Vodacom’s competitors.”

IoT.nxt’s innovative edge technology and end-to-end platform is business transformative. The combination of its protocol agnostic information layer and its flexible architecture allows for rapid solution development and the realisation of benefits. Vodacom has deployed this technology in its base stations, which will result in significant energy savings.

Talent10 provided the funding for the establishment of IoT.nxt in late 2015 and invested a further R100m in 2017 for the opening of its European office in The Hague. Talent10 is a major current shareholder in the company. Talent10 Holdings CEO Wayne Fitzjohn says: “Co-founding IoT.nxt has proved to be one of our most significant decisions to date. It was clear within months that this IoT tech start-up had a world-leading solution. We made a further investment of R100 million in 2017 to allow the company to expand internationally. This transaction with Vodacom confirms our belief in the unique solutions which IoT.nxt develops and we are looking forward to an even more exciting journey ahead with the founders and our new partner, Vodacom. ”

The significant investment by Vodacom will allow IoT.nxt to further commercialise a number of its vertical solutions into off-the-shelf products while continuing its core development and innovation of the platform. IoT.nxt’s experienced management team will continue to run the company, working closely with Vodacom’s IoT business, which is led by Vodacom Business Chief Officer William Mzimba.

ISSUED BY: Vodacom and IoT.nxt

For further information please contact:

Daleen van Wyk    IoT.nxt    [email protected]

Vodacom to acquire IoT.nxt

IoT: Its moment has come

By Duncan McLeod 13 May 2019

Vodacom will acquire a 51% stake in South African Internet of things specialist IoT.nxt, the telecommunications group said on Monday.
The value of the deal has not been disclosed by Vodacom and is subject to approval by the Competition Commission.

“IoT.nxt creates data connectivity between new data sources and legacy systems, which allows for real-time data availability across a wide business segment,” Vodacom said.

The company has created a platform to allow companies to integrate their IT platforms seamlessly.

The  company’s technology agnostic” offering acts as a conduit between sensors and other IoT devices at the edge of the network, and the application layer in companies’ IT departments.

But integrating IoT sensors and other devices into corporate IT systems is difficult, not least because of the volume of data involved and the complexity in integrating disparate hardware and software systems. A lack of standardisation makes the challenge harder still.

“One of the biggest challenges in IoT, if you deploy thousands of sensors and are monitoring them every 200 milliseconds, is you have a huge amount of traffic that hits your network,” IoT.nxt CEO Nico Steyn said in an interview with TechCentral in 2016. “We have engineered and built a field gateway that manages the data flow effectively.”

The company has expanded internationally in recent years, and last September announced it was establishing a presence in the US, where it would work with partners on various projects. It opened an office in the Netherlands in 2017 on the back of R100-million in funding from investment holding company Talent10. — (c) 2019 NewsCentral Media

 

IoT.nxt launches smart data center platform at Dell Tech World

IoT.nxt launches smart data center platform

MEDIA STATEMENT

LAS VEGAS, 1 May 2019. Innovator in Internet of Things (IoT) technology, IoT.nxt launched its smart data center platform at Dell Technologies World in Las Vegas today which leverages energy management, data center automation and active storage to achieve a digitalized, smart ecosystem.

“This improves energy asset performance, implements a self-healing system design and compresses data for active usage. Smart monitoring and collection of actionable data from the edge leverages the IoT.nxt Raptor™ edge device to command systems. This ensures that previously unpredictable instances are avoided and achieves self-rectification,” says Jason Bradlee, COO Americas, at IoT.nxt.

“The three primary components of our smart data center solution are facility level energy management, data centre infrastructure automation and enhanced active storage. This can achieve 20 – 35% energy cost reduction, between 20 and 25% efficiency improvement in data center automation and 25 to 40% cost reduction of active storage,” Bradlee says.

This is IoT.nxt’s first participation at Dell Technologies World following the launch of its USA operations in October last year and is its second collaboration with Dell, after the Raptor™ for Dell IoT in a box solution launched in Johannesburg, South Africa in March 2018. RaptorforDell

The Smart Data Center solution is being scheduled for rollout globally in Dell Solution Centres. The targeted centres are located in the USA, Ireland, Dubai, and Singapore. These deployments anticipated to begin in summer 2019 provide an opportunity for Dell to realize the savings afforded by the solution while also serving as a live demo for its sales staff and client base.

“IoT.nxt and Dell Technologies are confident that this is what the data centre of the future will look like. The solution allows companies to have rule-based filtering which removes false positive alerts with focus and timely remediation of issues. It is self-learning with AI analytics, which allows event correlation of infrastructure events, with various business events and accurate prediction of future failures as well as root cause analysis,” Bradlee added.

ISSUED BY: IoT.nxt                    www.iotnxt.com
The IoT.nxt team is at booth #1339 at Dell Technologies World.

For additional information please contact:
Daleen van Wyk OR Jason Bradlee
Media Liaison * COO Americas
Tel: +27 83 302 0827 * +1 (973) 479 2157
Email: [email protected] * [email protected]

About IoT.nxt
IoT.nxt’s unique technology stack bridges the gap between all protocols in the industrial ecosystem, creating a single integration/translation point. Its patented RaptorTM gateway allows organisations to retrofit all existing legacy systems with no rip and replace. A powerful data abstraction model further translates anything and everything from the edge, supporting a true subscription based big data model. IoT.nxt is the enterprise solution category winner and overall winner of the MTN Business IoT Award 2017 in South Africa. IoT.nxt opened its European office in The Hague, The Netherlands in 2017 and set up US operations in October 2018.