Market Insights by SEG: General Electric Digital Acquired IQP

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.

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