Utelogy, a unified communications, audiovisual and device management company has acquired CloudThinQ, a provider of IoT and real-time 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 seen growth of over 280% over the last year and has been focused on delivering its platform to end users, system integrators and managed service providers to 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 meeting room and classroom, and drive value to a wider cross section of stakeholders, the company says in a press release.
Kevin Morrison, CEO of Utelogy, said in a statement that bringing the companies together was a natural step in the evolution of each firm, especially after 2021, when Utelogy saw triple-digit growth.
“In a post-pandemic world as employees return to the hybrid workplace our customers are looking to ensure all technology users enjoy a great experience and therefore need a toolset to help increase uptime, monitor and manage technology proactively as well as deliver deep analytics and user insights. With Utelogy’s acquisition of CloudThinQ, our technology will deliver on the combined vision of allowing everyone in the connected workspace to be first class participants,” explains Morrison.
Morrison says both companies have been working closely together over the last few years.
“CloudThinQ has developed compelling technology and their expertise in IOT, AI, cognitive voice and management of real-time edge devices for leading global customers is second to none,” continues Morrison.
As part of the acquisition, Jim Sebring Co-founder and Chief Technology Officer of CloudThinQ joins Utelogy as Chief Technology Officer of Utelogy.
“We look forward to joining forces with the Utelogy team.” Sebring says. “This acquisition will help Utelogy accelerate its growth and bring exciting opportunities for enabling and managing engaging customer experiences.”