Confronting prospects of waning growth, Axeda adds partners and new capital injection to gain global scale and expand functionality
In May 2013, Machina Research analysts attended Axeda’s Connexion 2013 event in Boston. During the course of that event the company made a number of interesting announcements including partnerships with Wipro, to add greater systems integration services, and JackBe, to beef up application development tools. The company also gave an update on its Axeda Ready hardware approval programme. On June 3rd, Axeda also announced that Wipro would also become a “Platinum Partner” in conjunction with a USD5m investment in Axeda from Wipro. This Research Note examines these latest announcements in the context of our view on the overall positioning of Axeda for success in the M2M market.
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