Planon Buys Out Israel’s IoT Platform Axonize

The price was not disclosed.

Planon – Axonize

England’s Planon has acquired Israeli startup Axonize, and Israeli startup which developes a market-leading cloud-based IoT Platform. The purchase price has not yet been disclosed.

Axonize , explains Planon, compliments Planon’s ‘Open Platform’ approach by providing “out-of-the-box connections with smart devices and data sources across a plethora of vendors. Moreover, the acquisition supports Planon’s strategic partnership with Schneider Electric and other strategic technology partners, fuelling joint ambitions for the future, enabling the provision of digital twins and enhancing insight into asset & building performance.”

Founded in 2015, Axonize is an IoT backend-as-a-service platform. The company says that its breakthrough architecture enables offering multiple applications in multiple industries with minimal time and effort. Axonize offers unparalleled depth and richness of business logic via simple configuration and without specialized backend development resources. The company’s customer-authored plugins allow creating any additional business logic at any level of the system.

Axonize is developed by leading IoT backend server development veterans who decided to develop it one last time and offer it as a service.

Pierre Guelen, CEO of Planon stated: ‘The digitisation trend around buildings and facility services will accelerate over the years to come. Availability and secure access to reliable behavioural data is a key prerequisite for our customers in their digitisation, automation and sustainability initiatives.’

Janiv Ratson, CEO of Axonize added: ‘We look forward to this next step in our journey, and we strongly believe that Planon will provide a great home for our customers, employees and technology. We expect the growth of digital transformation in smart enterprises to be exponential. I’m confident that together we can successfully grow the entire notion of smart buildings, as well as smart business across the globe.’

Terms of the transaction will not be disclosed. Catapult Advisors LLC acted as financial advisor to Axonize.

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