Product engineering and innovation services provider Altiux Innovations has acquired machine-to-machine (M2M) and converged cloud platforms (CCP) developer P-Device Systems for an undisclosed amount, reports Techcircle.
Altuix co-founder and CEO Shyam Vedantam told the publication that addition of P-Device’s products to its portfolio will enable it to provide end-to-end solutions and services in the M2M and IoT domain.
Bangalore-based P-Device Systems was founded in 2011 by Keval Singh, Birender Panwar, Mohan Krishna and Ashutosh Agrawal, and works with companies in the Internet of Things (IoT) space. P-Devices also provides IoT cloud middleware for supporting applications like, Smart Communities and Smart Enterprise among others, according to its CrunchBase profile. When we checked, the startup’s website was redirecting to the Altuix site.
Altuix is an early-stage startup and is also based in Bangalore. It was founded in 2013 and had raised $2 million from the technology incubation-cum-investment firm BitChemy Ventures in December 2013. Interestingly, Altuix co-founder Sunil Motaparti is also the founder of BitChemy.
The Altuix website claims that the company works with large enterprises and startups, and aids IP development, proto-typing, product Introduction, concept development, product re-engineering and developing solutions with a focus on emerging markets. Altuix’s M2M solutions cater to domains like, consumer electronics and home, manufacturing and healthcare. The startup also provides content providers a TV commerce platform that enables targeted advertising.