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TVS Motor picks up minority stake in IoT firm Altizon, invests over $2.5-mn

Altizon helps companies use machine data to drive business decisions

AI, IoT among top 8 supply chain technology trends in 2019: Gartner
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BS Reporter Chennai
Automobile manufacturer TVS Motor has acquired a minority stake in US-based industrial Internet of Things (IoT) firm Altizon Inc and Altizon Systems Pvt Ltd, with an investment of over $2.5 million, in order to utilise the technology offerings for its growth.

Altizon, an industrial IoT company, helps companies use machine data to drive business decisions. It also enables digital transformation in enterprises by accelerating smart manufacturing initiatives, modernising asset performance management, and pioneering new business models for service delivery. It has presence in Pune, in India and Scotts Valley, California, USA.

The company, in a regulatory statement said that Altizon's

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First Published: Apr 27 2019 | 9:23 PM IST

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