Xchanging – The Internet Of All Things

Xchanging plc, the United Kingdom-headquartered business process, procurement and technology services provider, announced today it had made a US $1 million investment in the Boston, USA-based MachineShop Inc. The latter is a next-generation enterprise middleware provider with whom Xchanging has been a partner since January 2013. The investment, said Xchanging in a written statement, was part of its strategy to "penetrate the burgeoning Internet of Things (IoT) market further" and will support product development, sales and marketing activity. From evolved devices, into interconnected devices, into intelligent networks - Xchanging's IoT offering not only makes the connections from machine to machine (M2M) but applies the technology to enable intelligent conversations between people, processes and machines. Xchanging delivers end-to-end IoT solutions in multiple industries, including real estate. Along with collaborative strategic partnerships, Xchanging brings its own intellectual property to the IoT solutions by delivering robust applications to manage the process of data transfer and analysis as well as cloud storage capabilities. Xchanging's analytical tools provide insight and control by analyzing the dialogue between devices and making automated recommendations that drive better business outcomes. Xchanging decided to fund MachineShop, it said, because the latter "complemented" Xchanging's IoT offerings and will enable the company to enter into new industries beyond its four current target areas of real estate, utilities, logistics and automotive. Xchanging and MachineShop have been partners for over a year, delivering solutions for customers including Diebold. Alongside Xchanging, Diebold, a global leader in providing innovative self-service technology and security systems, and CSR plc, a pioneering designer and developer of silicon and software for the consumer electronics market, are both making similar investments in MachineShop. Image Credit: Xchanging - Advertising Message -

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UK-based Xchanging plc invests US $1 mln in Boston company for IoT market