Two months after securing $14 million in Series D financing, wide area network sensor provider Mojix has acquired Internet of Things platform innovator TierConnect. No purchase price was released for the deal that will bring more than 100 software engineers and a battle-tested IoT platform to Mojix.
In April, Mojix announced that it was unveiling TierConnect’s ViZix platform, a fully configurable software solution with advanced analytics that enables end-to-end business intelligence and data visibility across multiple industries.
Mojix president and CEO Ramin Sadr says that the purchase will further bridge the gap between its RFID hardware platform, the edge and IoT.
“Mojix has always been an innovator of wireless sensor networks,” he says. “Our contribution towards the deployment of wide-area RFID networks has been nothing less than transformative. With the addition of a next-generation software platform, Mojix is best positioned to further strengthen its role as a leading IoT solutions provider.”
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 in healthcare.
Mike Kastner, senior vice president of global sales for Mojix, says that Mojix customers will be able to deploy RFID and IoT solutions quicker and less expensively because of the user configurability that the ViZix platform offers.
Because the user can configure business rules and report characteristics, they not only save money by avoiding the cost of expensive software engineers, but more importantly, users can create a feedback loop in their system that allows them to learn how the system works and come up with fresh use cases.
“They can then turn around and modify the system to work better for their business purposes and they can do that in real time without coming back to us each time,” says Kastner. “So the system will quickly evolve in a direction that becomes more valuable to them much faster, which is the real beauty of the configurability.”
The ViZix solution has the ability to store unstructured data indefinitely, and then to retrieve that data to analyze it, allowing users to delve into the history of an RFID tag and sensor devices. A pharmaceutical manufacturer shipping products through the cold chain, for example, can go back and understand or verify the conditions of the tagged product over time.