InnoWave acquires Thought Creator and strengthens bet on IoT
InnoWave announced Thought Creator acquisition, as part of a strategy to develop its IoT skills. This operation strengthens InnoWave bet on IoT market, mainly through eHealth, SmartCities and Smart-houses vertical solutions. «Our goal is to strengthen our skills in this strategical area, which will allow to enlarge our offer to international customers», Tiago Gonçalves, CEO at InnoWave, said.
We choose Thought Creator because we knew it’s an «innovative company with which we have worked before and has excellent technical skills», Tiago Gonçalves added. «Their founder partners are very aligned with InnoWave values and culture».
«This was an opportunity we decided immediately to embrace, as we found in InnoWave technical capabilities in complementary areas to IoT that will enable Thought Creator developing innovative solutions more rapidly, providing greater capacity for growth worldwide», João Espadanal Gonçalves, CTO at Thought Creator, said.
Next steps will be to accelerate several innovative solutions which were waiting for investment, as well as IoT consultancy, solutions and technology’s skills boost. «This offer is of major importance to our customers», Tiago Gonçalves underlined. This offer will integrate InnoWave’s existing offer and add hardware and connected devices skills.
«We aim to reach 1M euros in this new business area and achieve 20 employees this year», the CEO explained. «In 2016, we’ll also reinforce UK market and focus on our strategy to enter US market», Tiago Gonçalves concluded.