IoTco / Predictronics

IOTCO AND PREDICTRONICS ANNOUNCE STRATEGIC PARTNERSHIP TO DRIVE DIGITAL TRANSFORMATION POWERED BY PREDICTIVE ANALYTICS

JANUARY 7, 2019

IoTco, LLC and Predictronics, Corp. announced today that they have entered into a definitive agreement for a strategic partnership that is expected to accelerate growth for both companies and enable them to be the partner of choice for customers around the world wanting to digitally transform their global operations with predictive analytics technology.

CINCINNATI, OHIO -- IoTco, LLC and Predictronics, Corp. announced today that they have entered into a definitive agreement for a strategic partnership that is expected to accelerate growth for both companies and enable them to create innovative solutions for customers around the world wanting to digitally transform their global operations with predictive analytics technology. As part of the partnership, IoTco will focus on global sales, business development, and partner management, and Predictronics CEO, Dr. Edzel Lapira, will join IoTco advisory board of directors.

The partnership leverages both companies’ resources, technologies, industry expertise, and market presence and will include technical collaboration across the organizations as well as joint global go-to-market initiatives. In particular, IoTco and Predictronics have agreed to align their respective smart factory technologies by combining Predictronics’ award-winning PDX platform with IoTco’s best-in-class partner products, including MES and IIoT platforms. The result will be an unmatched integrated information solution that will enable customers to achieve increased productivity, heightened plant efficiency, reduced operational risk, and improved system interoperability.

“This strategic alliance will provide the industry with the broadest integrated suite of best-in-class technology, backed by IoTco, the leader in digital transformation strategy, and Predictronics, the leader in predictive analytics technology,” said Vijay Rangarajan, President and CTO, IoTco. “Our combined customer base will benefit from two world-class organizations that understand their business and deliver comprehensive, innovative, and integrated solutions.”

“Leveraging IoTco’s industry and domain expertise with Predictronics’ award-winning technology enables industrial enterprises to capitalize on the promise of the Industrial IoT,” added Mohamed Abuali, CEO, IoTco. “We are incredibly excited about this partnership and the opportunity it provides to fuel our future success.”

“Predictronics is proud to announce the formation of this strategic partnership with IoTco and we are excited for the opportunities that this synergy will bring,” said Dr. Edzel Lapira, CEO, Predictronics. “Predictronics' end-to-end predictive analytics platform, PDX, is the perfect complement to IoTco's world-class MES and IIoT offerings. The combined breadth of technologies, domain expertise, and industrial experience from both Predictronics and IoTco will allow our two businesses to uniquely assist customers, enabling them to successfully reap the benefits of digital transformation.”

IoTco will also be a preferred delivery and implementation provider for Predictronics, supported by a robust and global ecosystem of partners that both companies have established. The combined strengths of both companies across end markets and applications will bring significant business value and ROI to all end users.

About IoTco
IoTco is the digital transformation company that enables manufacturers to innovate, scale, and redefine their business. We provide the latest Industrial Internet of Things (IIoT) and predictive analytics software and services, coupled with our IoT Academy for training and education.

IoTco technology offers seamless connectivity to any device and thing, intelligent cognition of data streams, and cross-IT-system open collaboration. IoTco is headquartered in the United States with offices in Los Angeles, CA and Cincinnati, OH, with a global partner ecosystem in Mexico, UK, Europe, China, and India.

About Predictronics
Predictronics delivers predictive analytics software and industrial AI solutions that improve business productivity and minimize unplanned downtime by detecting, predicting, and preventing asset failures. Our vision is to provide our clients with worry-free uptime, ensure positive growth in quality and performance, and reduce wasted time, money, and resources.

Predictronics was founded as a startup in 2013 by senior researchers and developers from the National Science Foundation Industry/University Cooperative Research Center for Intelligent Maintenance Systems (IMS), which has been a leader in predictive maintenance technologies since 2001.

Since 2013, Predictronics has grown to provide our technologies and engineering consultation assistance to over 45 major businesses worldwide in industries of manufacturing, energy, transportation, construction, agriculture, medicine, electronics, and robotics.

This content was created in partnership with IoTco. For media inquiries, contact Mohamed Abuali, CEO of IoTco, at (513) 813-8777 or media@iotco.com.


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