BOSTON, Sept. 18, 2013 (GLOBE NEWSWIRE) -- Xively, a subsidiary of LogMeIn (Nasdaq:LOGM) and creator of the first public cloud platform for the commercial Internet of Things (IoT), today announced that Elektron Technology is building its next generation of connected solutions on the Xively IoT platform. By using Xively to evolve its product lines, Elektron can rapidly deliver a new breed of IoT-powered, subscription-based monitoring and control services designed to enhance customer relationships and create new revenue opportunities.
Elektron is also engaging Xively Consulting Services to help conceptualize and design its new offerings, which will build on the company's core technologies, skills and market leading brands. [See separate release on Xively Consulting Services, announced today.]
"We're committed to helping customers transform their operations by harnessing the data our products produce and turning it into highly actionable, business-changing information. The Internet of Things is the best way to make this happen and Xively is the ideal partner to help accelerate the migration from innovation to practical solutions. Xively is the only vendor that could provide the complete set of IoT enablers—the IoT platform, consulting services and partner ecosystem—we needed to create truly connected experiences," said David Davies, Group Head of Instrumentation, Monitoring & Control at Elektron Technology. "Xively's IoT platform enables the reliably-connected, highly-scalable and easy-to-manage offerings that are critical to our success. And by working with Xively Consulting Services, we benefit from experts who understand what it takes to develop and manage connected solutions that deliver real value."
"We're thrilled that Elektron, which is renowned for groundbreaking solutions, has chosen Xively as the foundation of its next-generation, IoT-based offerings," said Les Yetton, General Manager, Xively. "It's exciting to help such an innovative company move from ideation to realization, and reap the amazing benefits that IoT promises."
By building Xively-powered connected offerings, Elektron expects to:
- Make it easy for Elektron customers to capture data collected by its products and stored and managed on Xively Cloud Services, and use that data to its full potential to advance their businesses.
- Create and deliver ongoing value to its customers, moving from selling products to providing ongoing services. Through IoT subscription-based services, Elektron will gain a much better understanding of customer needs and usage patterns to create more compelling offerings.
- Speed the time-to-market of innovative, high-value connected commercial services and gain competitive advantage through differentiated offerings.
To hear more about Elektron's Xively-enabled offerings, watch this video.
Xively provides the first public cloud purpose-built for the Internet of Things (IoT). Xively's Platform as a Service (PaaS) helps companies simplify and accelerate development of a new generation of IoT-connected products by allowing businesses of all sizes to focus on their innovation, instead of infrastructure, and bring compelling connected offerings to market at significant cost savings. Through the power of Xively's Connected Object Cloud™, solutions can securely and selectively interconnect, creating an exponential effect. A subsidiary of LogMeIn (Nasdaq:LOGM), Xively is headquartered in Boston's Innovation District. https://xively.com
About Elektron Technology
Elektron Technology is a global business that innovates, designs and manufactures market-leading products and applications to monitor, control and connect in thousands of different ways. The Group has a broad portfolio of products that play a critical role in many industries from rubber production and food preparation to semiconductors and emergency vehicle systems. The Group's products are sold worldwide to over 7,000 customers with some 100,000 end-users across all seven continents and even in space. Elektron Technology is headquartered in Cambridge, England and is traded on the AIM market of the London Stock Exchange. www.elektron-technology.com