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Wipro Invests in M2M Platform Provider Axeda

Wipro Ltd and Axeda Corporation jointly announced that Wipro has made an $5-million investment in Axeda.

Axeda is a provider of cloud-based service and software for managing connected products and delivering machine-to-machine (M2M) applications

Wipro is an Axeda Platinum Partner and with this this investment, the two companies will accelerate services and end-to-end solutions designed to help organizations connect with any asset, leverage real-time machine data to enhance business processes, and develop new enterprise applications.

Wipro is the only Systems Integrator (SI) partner to have achieved Axeda Platinum Partner status. This will entitle it to receive top-priority commitment from Axeda and preferential benefits such as dedicated access to Axeda trained technical resources and premium support and services to drive Machine-to-Machine (M2M) initiatives.

The Wipro and Axeda portfolio is being built and tested in Wipro’s M2M Center of Excellence in Bangalore. Assets include an integrated M2M stack, various deployment models and reference applications for the telecommunications, health and life sciences, manufacturing and, energy and utility markets.

The companies says that the partnership will give their customers the ability to benefit from Axeda’s rapid M2M application development and Wipro’s big data analytics capabilities.

Commenting on the development, Dr. Anurag Srivastava, Chief Technology Officer, Wipro said,

“Wipro’s investment in Axeda is driven by growing demand and interest for M2M solutions across verticals from global customers and partners alike. We find that customers prefer to work with mature partners like Wipro and Axeda who have the capability and experience to plan, build and integrate M2M solutions that are able to demonstrate quick business results.”