Avnet Inks Deal With Relayr To Support Internet Of Things
Zacks Investment Research | Nov 29, 2016 10:30PM ET
Electronics and IT distributor Avnet Inc. (NYSE:AVT) is moving ahead in the Internet of Things (IoT) space with its strategic partnerships and initiatives. Recently, the company in collaboration with relayr announced a new agreement to develop solutions that support IoT in the U.S. and Canada.
relayr is an IoT company for the Digital Transformation of Industries. The company offers an enterprise middleware platform that enables fast and cost-effective growth of new solutions, equipment and services for the IoT.
The agreement aims at providing IoT solutions including analytic platforms, cloud and security technologies to help their customers’ digital transformation processes. We believe the new agreement will enable the company to scale up Avnet’s business and enhance service offerings that garner significant market traction.
The agreement will enable Avnet’s partners to access relayr’s enterprise middleware platform thereby providing its channel partners with better solutions for IoT. It will also enable Avnet to provide powerful, simple-to-use tools that enable fast and cost-effective development of IoT solutions, thus improving Avnet’s revenue stream and possibly its market share.
According to Colin Blair, vice president of Avnet Technology Solutions, Americas, “Our partners will be able to use relayr’s offerings to create IOT solutions that can easily be integrated with their customers’ existing technologies. Working together, Avnet and relayr will empower partners to help their customers create IOT solutions that span a wide range of devices and offer solutions from simple experimentation kits to industrial hardware, supporting their customers’ digital transformation processes.”
The IoT platform is expected to include billions of connected devices and systems with applications ranging from sensors and mobile devices to home appliances and cars. According to research firm IDC, via the Zacks Investment Research
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