Nokia acquires SpaceTime Insight to expand its IoT software portfolio
SpaceTime Insight's applications help customers reduce cost and risk, increase operational efficiencies, reduce service outages and more. The acquisition supports Nokia's software strategy by bringing SpaceTime Insight's sales expertise and proven track record in IoT application development, machine learning and data science to the Nokia Software IoT product unit
The deal will strengthen Nokia's IoT software portfolio and IoT analytics capabilities, and accelerate the development of Nokia's IoT offerings to deliver high-value IoT applications and services to new and existing customers. Image source: Reuters