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Octoblu Emerges from Stealth Mode to Create Internet of Things (IoT) Platform
|By Business Wire
|July 22, 2014 08:33 AM EDT
today emerged from stealth mode to announce its vision to provide an
Internet of Things (IoT) platform for real-time connections and
communication management across applications, people and physical
The convergence of global trends, including cloud computing, the
proliferation of mobile devices and social and business transactions
over the Internet, are creating the IoT – where devices and sensors are
connecting and exchanging information. This presents tremendous
opportunity for companies to deliver new products and services;
According to Gartner estimates, the IoT will include 26 billion units
installed by 2020, and by that time, IoT product and service suppliers
will generate incremental revenue exceeding $300 billion, mostly in
“IoT provides opportunities for bringing innovative new services to
market,” said Geir Ramleth, CEO of Octoblu. “But setting up connections,
design, processes, and managing the secure flow of information with deep
analytics is complex. We’re excited to help companies leverage the IoT
by providing a platform that automates these tasks, opening the door for
exciting new products and services in a connected world.”
Helping Companies Create Innovative IoT Services
Octoblu will utilize Meshblu (formerly code named SkyNetIM), an open
source machine-to-machine (M2M) instant messaging platform created by
Chris Matthieu, cofounder and CTO for Octoblu. Meshblu can be used for
the discovery, control and management of any API-based software
application, any hardware or appliance, or social media network –
connecting devices through a variety of protocols across a common
platform. Octoblu is also working on a robust security and rights
management architecture, helping enterprises of all sizes to create
innovative IoT services.
“While the Internet of Things brings opportunities for companies to more
efficiently deliver services to its customers, it presents challenges,
such as how to connect devices so they can communicate with each other,
how to manage the complexity of connections, how to secure flow of data
across devices, and how to analyze the data and communicate results to
other devices,” said Matthieu. “Octoblu will provide a platform to help
users control, design, manage and analyze the overall flow of
Industry Veteran Leadership
Octoblu is cofounded by Ramleth and Matthieu, industry veterans known
for transforming IT in ways that boost efficiency. Ramleth, who was
inducted to CIO Magazine’s Hall of Fame in 2008, was senior vice
president and chief information officer of Bechtel Group, Inc., from
2002-2013, where he led the global Information Systems and Technology
organization. Prior to Bechtel, he held leadership positions for a
variety of companies in the technology and communications industry.
Matthieu is experienced in developing architecture and leading the
introduction of emerging technologies and business models into existing
and new product portfolios. Most recently the manager of emerging
technologies for Bechtel, he was also a key player in the evolution of
technology and business strategies for companies including BlueCross
BlueShield of AZ, Hoosier & Arizona Lotteries and Accenture.
Bill Rinehart is an investor and board member. Previously, Bill was
founder and CEO at both Unicorn Media and Limelight Networks.
Octoblu is a pioneer in real-time connections and communications
management across systems, people and physical devices. The company is a
member of the AllSeen Alliance, a nonprofit open source consortium
dedicated to driving the widespread adoption of products, systems and
services that support the Internet of Everything. Octoblu was founded in
2014 and is headquartered in Palo Alto, California.
1 Fabrizio Biscotti, Joe Skorupa, Ruggero Contu, Bettina
Tratz-Ryan, Errol Rasit, Adrew Lerner, Anthony Kros, Jie Zhang, “The
Impact of the Internet of Things on Data Centers” (G00250562), Gartner,
Inc., February 27, 2014
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