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Utelogy Acquires CloudThinQ

Unified communications, AV and device management company Utelogy has acquired CloudThinQ, an innovative, Seattle-based provider of IoT and real-time device management solutions for enterprise workplaces whose cloud-based enterprise IoT platform integrates building systems intelligently into a scalable framework for enhanced smart building experiences.

Utelogy reports demand for its platform growth by over 280 per cent in 2021, with end-users including AV/UC integrators and managed services providers who manage devices remotely in modern workplaces. According to Futuresource Research, the AV Managed Service market alone is projected to expand to US $4.3 billion by 2024, with Utelogy confident its service proposition will extend even further into the workplace.

The company’s solutions are deployed globally by customers across the corporate, investment banking, government, technology and higher education sectors, for whom Utelogy’s core platform delivers  improved user experience – in addition to providing actionable insights into how technology and real-estate is being engaged and utilized across entire estates.

The acquisition of CloudThinQ is described as “synergistic” to Utelogy’s proposition, and will facilitate expansion of the platform to include new insights and management controls that extend beyond meeting rooms or classrooms and drive value to a wider cross-section of stakeholders.

“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 Kevin Morrison, Chief Executive Officer. “Bringing these companies together was a natural step in both company’s evolution. We have been working closely with CloudThinQ in the last couple of years and both technically and culturally the fit is perfect. 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.”

Jim Sebring, CloudThinQ co-founder and Chief Technology who joins Utelogy as Chief Technology Officer, adds: “We look forward to joining forces with the Utelogy team. The acquisition will help Utelogy accelerate its growth and bring exciting opportunities for enabling and managing engaging customer experiences.”

Author

  • Staff Reporter

    FMIndustry.com covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026.

CAMFIL HVAC Filtration Solutions

Staff Reporter

FMIndustry.com covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026.
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