11.16.15
Savi announced that SGS, the world’s leading inspection, verification, testing and certification company, has acquired a 17.65% ownership stake in the company. This strategic investment will enable Savi to sell Industrial IoT solutions across SGS’s entire client base and access new markets.
This agreement provides SGS with access to Savi’s technology and will serve as a catalyst to help transform the company’s $6 billion business, while enabling Savi to tap into SGS’s client base served through more than 1,650 offices worldwide.
Savi will bring to market with SGS a number of “Powered by Savi” solutions and will accelerate development and growth of its sensor-data analytics solutions such as Savi Insight, the company’s SaaS analytics solution. Savi Insight captures structured and unstructured data from sensors and other data sources, correlates multiple variables including time, temperature and location and applies logic to turn data into actionable intelligence.
In addition, Savi will expand development of its Industrial IoT purpose-built applications that leverage its proprietary Hybrid Lambda Architecture to power expanded analytics for SGS’s clients and serve as an engine for future Industrial IoT innovation.
This agreement provides SGS with access to Savi’s technology and will serve as a catalyst to help transform the company’s $6 billion business, while enabling Savi to tap into SGS’s client base served through more than 1,650 offices worldwide.
Savi will bring to market with SGS a number of “Powered by Savi” solutions and will accelerate development and growth of its sensor-data analytics solutions such as Savi Insight, the company’s SaaS analytics solution. Savi Insight captures structured and unstructured data from sensors and other data sources, correlates multiple variables including time, temperature and location and applies logic to turn data into actionable intelligence.
In addition, Savi will expand development of its Industrial IoT purpose-built applications that leverage its proprietary Hybrid Lambda Architecture to power expanded analytics for SGS’s clients and serve as an engine for future Industrial IoT innovation.