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Acquiring Minds Wish To Know: The IoT World—TierConnect Is Acquired By Mojix

June 8, 2015

[SatNews] Mojix, a leading provider of wireless sensor network solutions, has acquired TierConnect and its subsidiary CodeRoad, the creators of a platform for the Internet of Things (IoT) that was recently launched as “ViZix.”

This acquisition enables Mojix to offer comprehensive and fully configurable software solutions with advanced analytics, enabling end-to-end business intelligence and data visibility across multiple industries. This will further bridge the gap between its RFID hardware platform, the edge and IoT. Founded by Gus Rivera and Terrence Crown, TierConnect will bring more than 100 world-class software engineers and a battle-tested IoT platform to Mojix. Crown will serve as Chief Software Architect for Mojix, while Rivera will lead the CodeRoad software division as Managing Director, both reporting to Dr. Sadr, the President and CEO of Mojix.

Working closely together in 2014, Mojix and TierConnect have already jointly deployed their IoT solutions to address supply chain management and worker safety in oil and gas, innovative inventory management solutions for retail, asset tracking in large scale IT environments, and healthcare for Fortune-50 companies.

Executive Comments

Dr. Sadr said, “With the addition of a next-generation software platform, Mojix is best positioned to further strengthen its role as a leading IoT solutions provider. In addition, the TierConnect team gives Mojix deep expertise in Big Data scalability, highly-configurable application frameworks, and elegant user interfaces, all key ingredients in collecting, analyzing, and displaying mission-critical contextual data for our customers. After evaluating companies and technologies across the globe, TierConnect presented the most advanced and innovative software platform to address our customers’ needs across multiple vertical markets. We are delighted to have Terrence, Gus and the entire TierConnect team become a part of Mojix."

“After several successful projects together, we saw an opportunity to help create a company that can transform business economics across multiple industrial segments,” said Gus Rivera. “Unlike other providers in this space, Mojix is now uniquely positioned to leverage innovations and key patents in wide-area sensor networks with a powerful, highly-configurable software platform. Add proven expertise in sensor network deployment, and you have the capability to provide reliable solutions in days, not months.”

 

Filed Under: Mergers & Acquisitions

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