General Electric Digital acquired IQP, a code-free application development environment that allows users to create their own Industrial IoT (IIoT) applications. The $40M acquisition will be incorporated into GE’s Predix platform, allowing non-coders to create their own IIoT applications. The GE Predix platform is a solution connecting machines, data and people in the digital industrial space.
Seller Business Description:
IQP is a provider of a development solution that customizes and designs application and templates. HQ: Palo Alto, CA See Press Release.
Buyer Business Description:
General Electric Digital operates an infrastructure and technology company worldwide. HQ: Boston, MA.