LONDON (Alliance News) - Telit Communications PLC Friday said it has entered into an agreement with an undisclosed enterprise application software group to license and resell its internet-of-things platform deviceWISE.
Financial details of the agreement were not disclosed.
"Our collaboration with one of the world's largest Enterprise Application Software groups to license and resell our solution creates a new way for companies to onboard to the Internet of Things. We look forward to serving new and existing customers of our new partner across different industries and markets worldwide," said Chief Executive Oozi Cats in a statement.
Shares in Telit were up 1.8% at 199.00 pence Friday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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