Nokia acquires US IoT start-up SpaceTime Insight
Helsinki, May 7: Nokia on Monday said it has acquired California-based start-up SpaceTime Insight to expand its Internet of Things (IoT) portfolio and IoT analytics capabilities.
SpaceTime Insight provides machine learning-powered analytics and IoT applications for some of the world's largest transportation, energy and utilities organisations, including Entergy, FedEx, NextEra Energy, Singapore Power and Union Pacific Railroad.
Besides the US, the company has offices in India, Canada, UK and Japan.
Designed specifically for asset-intensive industries, the machine learning models and other advanced analytics of SpaceTime Insight predict asset health with a high degree of accuracy and optimise related operations, thereby helping its customers cut cost and risk, while increasing operational efficiencies and reducing service outages.
Without divulging the terms of the deal, Nokia said the acquisition will accelerate the development of the company's IoT offerings to deliver high-value IoT applications and services to new and existing customers.
"Adding SpaceTime to Nokia Software is a strong step forward in our strategy, and will help us deliver a new class of intelligent solutions to meet the demands of an increasingly interconnected world," Bhaskar Gorti, President of Nokia Software, said in a statement.
"Together, we can empower customers to realise the full value of their people, processes and assets, and enable them to deliver rich, world-class digital experiences," Gorti added.
The addition of SpaceTime Insight will also broaden the company's ability to deliver new, advanced applications for key vertical markets, including energy, logistics, transportation and utilities, the Finnish telecom equipment-maker said.
Rob Schilling, who had been CEO of "SpaceTime", will become the head of Nokia's IoT unit, TechCrunch reported.
IoT today is a fairly small part of Nokia's business, the report added.
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Misa Bharti calls PM Modi 'old', gets slammed by BJP, JD(U)
Patna, May 2: RJD president Lalu Prasad’s eldest daughter Misa Bharti on Thursday drew flak from the BJP-led NDA in Bihar for an uncharitable reference to the "old" age of Prime Minister Narendra Modi.
Bharti, who is the RJD candidate from Patliputra, made the remarks while canvassing in the constituency where she attacked the NDA government at the Centre for bringing in the Agniveer scheme of recruitment in armed services.
In a video clip, purportedly of Wednesday, now viral on social media, the Rajya Sabha MP can be heard as saying: "What did this government do in 10 years? It brought in Agniveer. Young people fighting for the country will be retired at the age of 22. On the other hand, we have an old Prime Minister who at the age of 75 wants a third consecutive term".
Predictably, the BJP flew in rage and sought to remind the RJD leader that her father, too, was at a ripe age.
"PM Modi is much younger than Lalu Prasad. Misa Bharti should keep this in mind and think before heaping insults in this manner," said BJP national spokesman Syed Shahnawaz Hussain.
JD(U) chief spokesperson Neeraj Kumar, whose party is headed by Chief Minister Nitish Kumar and is an NDA partner, asked, "Does Misa Bharti speak of her father in a similar tone?".
Referring to Bharti's rival in Pataliputra, the JD(U) leader added: "She will learn her lessons. The blessings of Ram are with Ram Kripal".
Ram Kripal Yadav, a former close aide of the RJD supremo, had joined the BJP ahead of Lok Sabha polls in 2014 when he defeated Bharti and was rewarded with a berth in the Union council of ministers.
Five years later, Bharti suffered defeat at the hands of her father's disgruntled close aide for a second time.
Covering areas of rural Patna, Patliputra, where voting is scheduled in the final phase, is set to witness yet another straight contest between Bharti and Yadav.
