Information Exchange (IX) announces its company launch today.
According to research from International Data Corporation (IDC), the worldwide Internet of Things market will grow from $655.8 billion in 2014 to $1.7 trillion in 2020 with a compound annual growth rate (CAGR) of 16.9%1. Gartner projects that IoT services will exceed $300 Billion by 2020 and Cisco estimates that IoT will create $14.4 trillion in net profit between 2013 and 2022.
“We believe that connecting legacy equipment into the IoT world will create the disruption in the C&I IoT market,” said Michael Hathaway, CEO & Founder of IX. “Our platform enables legacy equipment to connect and interact with IoT devices and services while enforcing security policies at all layers. In effect, we bring legacy equipment, software applications and services into the IoT world.”
IX’s senior executives have over 25 years in industry experience and held senior roles with companies such as Accenture, Honeywell, Lucent Technologies, IBM, Gemalto, Motorola, Dell, and HP. They have experience in a wide range of markets including Energy, Building Automation, Semiconductor, Consumer Electronics and Supply Chain Logistics.
“Based on our global survey, our research indicates that one of the leading barriers to IoT adoption for enterprises is security,” noted Vernon Turner, SVP and Research Fellow at IDC. “The ability to provide industrial grade security between the IoT gateway and end points will lead to innovation and disruption in the C&I market.”
Information Xchange’s current customers are in the building management and energy management market sectors.
About Information Xchange
Information Xchange (IX) is a commercial and industrial (C&I) IoT Platform-as-a-Service providing a lightweight solution enabling legacy and IoT devices to securely connect with software applications and services. URL: http://www.information-xchange.com.
The Information Xchange (IX) product names and logos and combinations thereof, are trademarks of Information Xchange, Inc. All other names are for informational purposes and may be trademarks of their respective owners.