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Magnet Networks launches award winning IoT solutions in India


An Irish company's technology is enabling a new way of smart living and redefining the traditional rental model globally. Dublin-based - a leading IoT solutions, Telecommunications, Data Connectivity and Security Services provider, offering solutions to homes, businesses and enterprise customers has grown from its headquarters in to offices in London, United States, Australia, and has now expanded to Isha Saraf, and India, will be heading Magnet's in

By locating in India, is able to provide 'in-country' technical and support services to its largest global clients. Since 2016, along with providing throughout Europe, US and for some of the world's largest brands, have provided professional services to many organizations and government agencies seeking to understand, develop and deliver on a Vision- be it Smart Buildings, Smart Metering, Smart Toll Booth Management solutions, and more. Magnet Networks is a in in world class IoT enabled solutions.

- Magnet Networks, Mark Kellett, said "Indian market's success is fundamental to Magnet Networks global growth strategy and with support from organizations such as and key partners such as TATA, we believe Magnet Networks India will be one of the Irish success stories that will be talked about for some time."

He added, "Having a presence in allows us to service both our Indian clients and our local multinational clients more effectively. This is an exciting time for Magnet Networks as we continue to expand globally, and we look forward to seeing the potential of the Indian market unfold."

The Government of India's policy think-tank, the for Transforming India (NITI Aayog), predicts that the urbanization rate in India would increase to over 60% in the next 30 years, assuming the rate of economic growth at 7%-9%. With such market potential and experience gained from projects within in particular, working on one of Europe's largest developments 'Wembley Park', - Magnet Networks has substantially increased its investment to grow in the Asian market by establishing a permanent commercial and sales presence in and

Director, - Enterprise Ireland, Mr. David Flood, said "is delighted to support Magnet Networks as they expand their award winning in India. The is supporting companies that put innovation first and Magnet is a company that is both innovative and one that is thinking globally. We call that the 'Irish Advantage' and it's going to bring benefits to all of Magnet's partners in India.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 18 2019. 14:08 IST