Hexagon furthers its SMART X strategy with the acquisition of Catavolt
Hexagon, a leading global provider of information technology solutions, announced today the acquisition of Catavolt, a US-based mobile app platform provider. Catavolt, founded in 2009 with headquarters in Atlanta, GA, offers an end-to-end platform for mobile application development and delivery, secure cloud orchestration and edge computing (real-time).
Catavolt’s team of experts are highly-skilled in cloud and mobile technologies as well as enterprise software solutions – all fundamental to furthering Hexagon’s SMART X strategy, which is driven by the desire to make entire systems more efficient. Systems built around an information network with connectivity at the core, serving up data in the most intelligent and visually meaningful way.
“Connectivity platforms and mobile applications are essential to driving improvements in productivity and efficiency. Both must also integrate with legacy systems and on premise infrastructures as customers make the transition from old to new,” says Hexagon President and CEO Ola Rollén. “Catavolt’s technologies provide an open architecture and solid foundation for realising the transformative potential of both cloud and edge computing and will seamlessly connect to Hexagon’s connectivity platform – SMART Convergence.”
Edge computing, or edge data-processing and analytics, accelerates response times by analysing streaming data at the source, in real-time, vs transferring it to the cloud first. This is especially important in time critical scenarios like smart traffic systems and autonomous vehicles.
Catavolt’s expertise will enable Hexagon to advance its digital transformation platform, HxGN SMART Convergence, which orchestrates connectivity (IoT), intelligence (AI) and visualisation (VR/AR/MR) technologies according to industry-specific needs and user-specific workflows. The platform is managed by Hexagon’s Innovation Hub, a central R&D unit that develops enabling technologies for leverage by all of Hexagon’s divisions. This ensures platform development is based on standard protocols and easily customisable for different industry use cases.
Catavolt’s patented, cloud technology is fully open and runs on any cloud. Currently deployed across AWS, Rackspace and Microsoft Azure, the robust and mature platform supports more than 3,000 client applications today.
Catavolt will be fully consolidated as of today. The acquisition has no significant impact on Hexagon's earnings.
For further information, please contact:
Maria Luthstrom, Investor Relations Manager, Hexagon AB, +46 8 601 26 27, email@example.com
Kristin Christensen, Chief Marketing Officer, Hexagon AB, +1 404 554 0972, firstname.lastname@example.org
Hexagon is a leading global provider of information technology solutions that drive productivity and quality across geospatial and industrial landscapes.
Hexagon’s solutions integrate sensors, software, domain knowledge and customer workflows into intelligent information ecosystems that deliver actionable information. They are used in a broad range of vital industries.
Hexagon (Nasdaq Stockholm: HEXA B) has approximately 18,000 employees in 50 countries and net sales of approximately 3.1bn EUR. Learn more at hexagon.com and follow us @HexagonAB.