Utelogy Acquires CloudThinQ
Utelogy has announced its acquisition of CloudThinQ, a provider of device management for the Enterprise workplace. CloudThinQ has developed a cloud-based enterprise IoT platform to integrate building systems into a framework for smart building experiences.
According to the company, Utelogy has seen a growth of over 280% over the last 12 months and has been focused on delivering its platform to end users, AV/UC integrators and managed services providers to remotely manage all types of UC, AV and IT devices in the modern workplace. According to Futuresource research, the AV managed service market alone is set to grow to $4.3b by 2024.
“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,” said Kevin Morrison, CEO of Utelogy. “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. 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.”
As part of the acquisition, Jim Sebring, co-founder and CTO of CloudThinQ, joins Utelogy as CTO. “We look forward to joining forces with the Utelogy team,” said Sebring. “This acquisition will help Utelogy accelerate its growth and bring exciting opportunities for enabling and managing engaging customer experiences.”