Utelogy, a unified communications, AV and device management company, has acquired CloudThinQ, a provider of real-time IoT and device management for the enterprise workplace.
According to Utelogy, CloudThinQ has developed a unique cloud-based enterprise IoT platform to intelligently integrate building systems into a flexible and scalable framework for enhanced smart building experiences.
Utelogy, meanwhile, has grown over 280% in the last year and has focused on delivering its platform to end users, system integrators and managed service providers for remotely manage devices in the modern workplace.
With the acquisition of CloudThinQ, Utelogy can provide a platform extension that delivers insight, management, and control far beyond the boardroom and classroom, and brings value to a more wide range of stakeholders, the company said in a press release.
Kevin Morrison, CEO of Utelogy, said in a statement that the business combination was a natural step in the evolution of every company, especially after 2021, when Utelogy experienced triple-digit growth.
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“In a post-pandemic world, as employees return to the hybrid workplace, our customers are looking to ensure that all technology users have an exceptional experience and therefore need a set of tools to help increase uptime, proactively monitor and manage technology, and provide deep analytics and user insights.With Utelogy’s acquisition of CloudThinQ, our technology will deliver the combined vision of empowering everyone in the connected workspace to be first-class participants,” says Morrison.
Morrison says the two companies have worked closely together over the past few years.
“CloudThinQ has developed compelling technology and its expertise in IOT, AI, cognitive voice, and real-time edge device management for major global customers is second to none,” Morrison continues.
As part of the acquisition, Jim Sebring, co-founder and CTO of CloudThinQ, joins Utelogy as Utelogy’s CTO.
“We look forward to partnering with the Utelogy team.” Sebring said. “This acquisition will help Utelogy accelerate its growth and provide exciting opportunities to enable and manage engaging customer experiences.”