Veea acquires Virtuosys to advance edge computing platform, IoT-enabled devices and smart applications

By Zenobia Hegde

Veea Inc., a global provider in smart applications, announced the acquisition of the UK-based Virtuosys Ltd., a company delivering Smart network solutions at the network edge. Following the closing, Virtuosys will become a wholly owned subsidiary of Veea and will change its name to Veea Systems Ltd. The deal’s terms have not been disclosed.

Both companies have been collaborating for some time on Internet of Things (IoT) devices, gateways and smart applications that are seeing widespread adoption in consumer and business environments, which is estimated to be on the order of 31 billion connected things worldwide by 2020.

Virtuosys’ Managed Edge Application Platform incorporates an intelligent edge server (VeeaHub) that delivers cloud capabilities out to the edge, changing the economics and efficiencies of edge computing for a wide range of vertical markets. This acquisition provides for a groundbreaking platform that intelligently connects everyone and everything, that is IoT-enabled, while making it possible for commercial and social connections to become contextual and relevant more efficiently.

With the VeeaHub platform, businesses have access to:

Smart applications for retail, transportation, buildings, campuses, factories, healthcare, cities and more supported by indoor and outdoor versions of VeeaHub product and platform services
An intelligent Linux edge server with a first-in-class unified wireless and wired computing mesh (“vMesh”) that supports all commonly used wireless communications protocols
Advanced edge computing that brings together state-of-the-art communications and virtualised application environments that create a price-performance advantage for IoT applications;
A powerful embedded server that can run software applications dynamically at business locations and in the Cloud. In addition, the server also provides 4G data failover services, LAN router/firewall and VPN services, IoT gateway/firewall, as well as Bluetooth beacon support for applications
Applications such as private and guest WiFi with an enterprise-class AP, music and video streaming applications, proximal marketing, multi-room PA system, multi-site video training services, private secure messaging, IoT automation services, indoor and outdoor positioning supporting footfall analytics, heat maps and dwell times, workforce management, machine learning and artificial intelligence.

Virtuosys has already become established in the Smart Rail market, as it was selected by the UK’s Department for Transport for a rail innovation project.

Along with Angel Trains, it is demonstrating the power of edge computing solutions by providing improved onboard services while enabling IoT technologies that deliver new capabilities and applications for passengers, rail staff and the operators.

“Veea is currently in pilot trials of one of the most advanced solutions for Smart Retail and Smart Hospitality that enables retailers and hospitality establishments to run their applications dynamically and most efficiently at their retail locations and/or in the Cloud putting the benefits of all forms of commonly used wireless communications, IoT and edge computing into retailers’ hands in an easy, scalable and secure way,” said Allen Salmasi, CEO of Veea.

“Together, we’re enabling easy integration of smart applications to streamline processes, lower operational costs, collect and leverage insights and build customer engagements in new ways. This acquisition supports our mission to put businesses in a position to comfortably embrace IoT-enabled devices and catapult into the connected future.”

“We are now in a position to bring […]

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Posted on: June 14, 2018

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