Microsoft acquires IoT cloud service company ‘Solair’ to expand its IoT sevices
Tech giant Microsoft recently took a step deeper into in Internet of Things technology on with the acquisition of Solair which is an Italian company that operates a cloud-based IoT platform.
Microsoft’s blog post states that, the acquisition happened for some reasons as Solair’s technology will be used to upgrade the company’s Azure IoT Suite, a collection of cloud services meant to help companies use the Internet of Things. While, Solair’s technology, which already uses Microsoft’s Azure cloud services, offers IoT services focused on a variety of markets, including home automation, smart metering, remote maintenance and inventory management.
However the reason for acquisition is still not specific as Microsoft didn’t mentioned what it will get out of Solair’s technology, but it promised to release more details later. “
“Microsoft acquired Solair for its technology, not its customer base”, MachNation analyst Dima Tokar wrote in a commentary. Sam George, the partner director for Azure IoT, said in a blog post that Microsoft is excited about the technology and talent that will come with the acquisition.
Azure being Microsoft’s corporate strategy, the company is further company is betting big on getting additional customers to use its cloud offerings, and acquisitions like this one are intended at getting more companies to buy into the Azure ecosystem, especially for new workloads like those driven by IoT.
Both the companies didn’t disclose the financial terms of their deal.