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Empire Asset Investments Follows Microsoft’s IoT Push Acquires Italian Firm Solair

05-20-2016 10:13 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Empire Asset Investments

Empire Asset Investments Follows Microsoft’s IoT Push

During last week Microsoft announced on Tuesday it has brought an Italian firm concentrating in connecting smart objects in the Internet of Things (IoT), continuing its push into cloud computing.

The US technology giant did not disclose how much it paid for Solair, which offers software and hardware that lets companies synch smart devices to the Internet. Solair has built a reputation for providing IoT services across an array of industries including manufacturing, retail, transportation, and food, according to Microsoft Azure IoT partner director Sam George said in a blog post.

“This acquisition supports our strategy to deliver the most complete IoT offering for enterprises,” George said.

Solair’s platform is built on Microsoft’s Azure cloud service, and the technology will be integrated into the Azure suite according to George.

“From the very start, our mission has been to help customers quickly and easily gain access to the huge benefits of the Internet of Things,” Solair chief executive Tom Davis said in an online post.

“I’m confident that Solair’s technology and talent will be able to make an important contribution to Microsoft’s Azure IoT Suite and Microsoft’s broader IoT ambitions’.

With this new collaboration between Microsoft and Solair this will make sure Microsoft keep in the running for the cloud computing market for the future. Stated Jane Suki Tech analyst for Empire Asset Investments.

Empire Asset Investments is one of the world's leading investment organizations. Our primary focus is targeting promising business opportunities at their start-up or initial growth stages.

Our time-proven and tested strategies have been developed through our experienced leadership network and unsurpassed sector knowledge.

Empire Asset Investments have over 30 years of experience in developing start-ups and early growth businesses. We are recognized experts at transforming new and emerging companies into major market players.

110 Wall Street, 4th Tower Suite 9001
10005
New York, NY

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