Happiest Minds, a Bangalore-based IT infrastructure and software provider, has acquired IoT service development startup Cupola Technology for an undisclosed amount. According to the company, this acquisition will allow Happiest Minds to expand into IoT and big data analytics category by onboarding new software frameworks, solutions and incoming customers from Cupola, and expand IoT solutions to new device types and platforms.
Apart from an IoT platform for analytics and tracking, Happiest Minds provides enterprise solutions like web development, big data, cloud services, managed IT services, IT security, among others. The company focuses on industries like ecommerce, automotive, Banking, Manufacturing, publishing, etc. It has offices in the US, UK, The Netherlands, Australia, Middle East and Turkey. It had raised $45 million in a Series A round led by Canaan Partners in 2011. Cupola Technology is the company’s first-ever acquisition. On the other hand, Cupola Technology is a Bangalore based IoT startup, which was founded in 2011. It develops custom IoT software across categories like home entertainment, industrial automation, oil & mining, security & surveillance, logistics, among others: For e.g. antenna management, premise management and weather monitoring solutions for telecom companies.
IoT space in India
The IoT space in India is slowly picking up pace. Companies like Reliance Communications, Jio, Wipro, Spice Mobility, Cisco, etc. have already made its presence in the industry by launching new services or partnering with new brands. Here are some of the highlights in the industry in the past few months:
– Last month, RCOM’s IoT business unit, Unlimit had partnered with software provider Cumulocity to launch a platform which allows businesses to connect devices over any network, and manage and store data.
– Wipro joined the LoRa Alliance in March to develop IoT solution using Low Power Wide Area Networks (LPWAN) technology for its customers.
– In February, Jio had partnered with US-based AirWire to use AirWire as the backend for its ‘Jio Car Connect’ device which was announced in September last year. The telco is also gearing up to launch connected home solutions.
– Reliance Industries Limited which owns the Jio brand had tied up with General Electric (GE) in November last year. At that time, RIL said that it will provide its partner infrastructure and connectivity via the Jio network.
– In the same month, consumer tech maker Spice Mobility had set up a fully owned IoT subsidiary.