SAP Acquires IoT Startup Plat.One, Part of a $2 Billion Investment in IoT

SAP is rolling out a series of "jump-start" and "accelerator" IoT software packages for a variety of industries. The packages aim to help businesses monitor and control IoT software and equipment.

"With billions of connected devices, we now have the potential to reshape society, the economy and the environment," said SAP chief executive Bill McDermott. "SAP HANA is the data platform we knew would unlock the Internet of Things. Today SAP is making another bold investment to help our customers seize the benefits of live business."

SAP announced it is acquiring Italian IoT firm Plat.One and Norwegian analytics software maker Fedem Technology. 

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SAP Acquires IoT Startup Plat.One