In­vest­corp Tech­nol­ogy ac­quires Ubisense unit

The Gulf Today - Business - - REGION -

MANAMA: In­vest­corp Tech­nol­ogy Part­ners, an Euro­pean lower mid­dle mar­ket tech­nol­ogy in­vestor, an­nounced that it had com­pleted ac­qui­si­tion of Ubisense’s Smartspace busi­ness unit, in­clud­ing the Ubisense brand. The in­vest­ment is the fifth deal from In­vest­corp’s Tech­nol­ogy Fund IV.

Ubisense’s Smartspace is an en­ter­prise soft­ware and sen­sor plat­form that gen­er­ates and in­ter­prets vast amounts of lo­ca­tion data to cre­ate dig­i­tal vis­i­bil­ity of real-world ob­jects and their in­ter­ac­tions in real time, en­abling com­plex man­u­fac­tur­ing pro­cesses with high lev­els of vari­abil­ity to be more flex­i­ble, eas­ier to man­age and eas­ier to con­trol. The so­lu­tion gen­er­ates mean­ing­ful and demon­stra­ble Re­turn on In­vest­ment on the cost of Smartspace’s ser­vice to their blue-chip cus­tomers. Ubisense’s Smartspace is present in a num­ber of ver­ti­cals, in­clud­ing Aero­space, Com­mer­cialve­hi­cles, pas­sen­ger ve­hi­cles, Gen­eral In­dus­try and Trans­porta­tion among many oth­ers.

Com­ment­ing on the in­vest­ment, Gil­bert Kamie­niecky, Manag­ing Direc­tor and Head of In­vest­corp’s Tech­nol­ogy Pri­vate Eq­uity busi­ness, said: “Ubisense is an ex­cel­lent ad­di­tion to our Tech­nol­ogy Part­ners port­fo­lio. The com­pany’s Real-time Lo­ca­tion so­lu­tion prod­uct is,i be­lieve, rev­o­lu­tion­ary within the In­dus­trial In­ter­net of Things space and we have been im­pressed by the strength and depth of the man­age­ment team. With our ex­per­tise in work­ing with fast­grow­ing and data-driven busi­nesses, In­vest corp is look­ing for­ward to sup­port­ing the tar­geted growth tra­jec­tory and the com­pany’s ex­pan­sion plans.”

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