Arrow Electronics in Agreement to Market IoT Platform
Arrow Electronics, today announced a new agreement with Electric Imp, a global Internet of Things (IoT) platform provider for secure connectivity and application enablement. Arrow will market Electric Imp’s IoT platform to its extensive customer base across the EMEA region.
Electric Imp’s platform-as-a-service includes full-life cycle secure connectivity, interoperability, and managed operations. It allows customers to move seamlessly from fast prototype to secure production and then to maintenance and update of field-deployed devices for years. The platform assures edge devices connect seamlessly via WiFi and wired connections. Electric Imp also simplifies development of device applications and processing and provides instant connectivity to the most popular enterprise applications through open source API libraries.
“Arrow’s customers are increasingly looking for innovative ways to increase revenues, cut costs and expand their businesses by leveraging IoT,” said Oliver Hutaff, CFO/COO of Electric Imp. “With Electric Imp, Arrow’s customers can easily connect existing assets, manufacturing equipment, and commercial products to the internet and cloud services. Customers will also be able to rapidly design and manufacture completely new greenfield products in less time and at mass scale.”
Research projects that Europe will comprise nearly 30 percent of the industrial IoT market, which is expected to surpass $123.89 billion. Arrow is already tapping into this potential by helping customers accelerate their IoT deployments using its IoT Things eVolved solutions and services.
The Arrow eVolve offering is an end-to-end solution enabling businesses to deploy, manage, monitor, analyze and monetize secure connected devices throughout their entire lifecycle globally. Electric Imp will become part of Arrow’s full IoT-product-lifecycle capabilities. The combined solution draws on the two companies’ core strengths in sensors, wireless and embedded technology, system integration, enterprise computing, IoT edge device connectivity, managed security and application enablement for millions of connected devices. For startups and makers, Arrow and Electric Imp’s combined IoT offerings include services specifically designed to help new innovators advance from idea to product and production quickly, cost-effectively and securely.
Electric Imp, founded in 2011, is located in Los Altos, California and Cambridge, England.