SUSE Acquires Losant for Industrial IoT Platform
What happened
Open-source software company SUSE has acquired Losant, an industrial IoT platform provider. The acquisition is intended to create a full-stack, open process automation platform for the "industrial tiny edge." The move aims to provide scaled operational awareness and automation for sectors like smart factories and logistics.
Why it matters
- SUSE has a history of strategic acquisitions to enter high-growth markets, including its 2020 purchase of Rancher Labs to become a leader in the Kubernetes container management market. - Losant, founded in Cincinnati in 2015, had raised a total of $25.2 million in funding over 7 rounds prior to the acquisition. - Losant's technology is a low-code application enablement platform, designed to simplify the complexity of building and scaling custom IoT applications for non-developers. - Prior to the acquisition, Losant's customer base included major enterprises such as Verizon, Bosch, and Hewlett Packard Enterprise. - The founders of Losant, Charlie Key and Brandon Cannaday, previously founded, built, and sold another company called Modulus. - SUSE was founded in Germany in 1992 and was the first company to market and distribute Linux for enterprise use. - The acquisition follows SUSE's transition back to being a private company in August 2023, after its majority shareholder EQT Private Equity announced a public purchase offer to delist the company.
Key numbers
- - SUSE has a history of strategic acquisitions to enter high-growth markets, including its 2020 purchase of Rancher Labs to become a leader in the Kubernetes container management market.
- Losant, founded in Cincinnati in 2015, had raised a total of $25.2 million in funding over 7 rounds prior to the acquisition.
- SUSE was founded in Germany in 1992 and was the first company to market and distribute Linux for enterprise use.
- The acquisition follows SUSE's transition back to being a private company in August 2023, after its majority shareholder EQT Private Equity announced a public purchase offer to delist the company.
What happens next
- The acquisition is intended to create a full-stack, open process automation platform for the "industrial tiny edge." The move aims to provide scaled operational awareness and automation for sectors like smart factories and logistics.
Quick answers
What happened in SUSE Acquires Losant for Industrial IoT Platform?
Open-source software company SUSE has acquired Losant, an industrial IoT platform provider. The acquisition is intended to create a full-stack, open process automation platform for the "industrial tiny edge." The move aims to provide scaled operational awareness and automation for sectors like smart factories and logistics.
Why does SUSE Acquires Losant for Industrial IoT Platform matter?
SUSE has a history of strategic acquisitions to enter high-growth markets, including its 2020 purchase of Rancher Labs to become a leader in the Kubernetes container management market. Losant, founded in Cincinnati in 2015, had raised a total of $25.2 million in funding over 7 rounds prior to the acquisition. Losant's technology is a low-code application enablement platform, designed to simplify the complexity of building and scaling custom IoT applications for non-developers. Prior to the acquisition, Losant's customer base included major enterprises such as Verizon, Bosch, and Hewlett Packard Enterprise. The founders of Losant, Charlie Key and Brandon Cannaday, previously founded, built, and sold another company called Modulus. SUSE was founded in Germany in 1992 and was the first company to market and distribute Linux for enterprise use. The acquisition follows SUSE's transition back to being a private company in August 2023, after its majority shareholder EQT Private Equity announced a public purchase offer to delist the company.
