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Internet of Things closes Weather Telematics acquisition combining disruptive technologies

Internet of Things Inc.(CVE:ITT) announced it closed its previously announced acquisition of Weather Telematics Inc, where Weather Telematics Inc CEO Bob Moran tells Proactive Investors the combined companies had 'immediate' synergy from the point of view of machine learning analytics and disruptive technology. 

Moran says there are a number of products the company can roll out quickly. Weather Telematics offers artificial intelligence (AI) based predictive road condition weather analytics and the consideration was C$2.53mln. 

Quick facts: Internet of Things Inc.

Price: 0.015 CAD

Market: TSX-V
Market Cap: $3.1 m

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Internet of Things looks to Chinese market with Joint Venture

Internet of Things (CVE:ITT) CEO Ron Shuttleworth joined Steve Darling from Proactive Investors on Skype to talk about their joint venture with New Hope Data and how that opens door to the Chinese market. Shuttleworth also telling proactive about the new CEO, Kevin Li, that has been hired...

on 29/3/19

2 min read