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Kontakt.io Acquires ramp.digital, CEO Prateek Gera Joins as VP of Product to Lead Expansion of Frictionless and AI-Powered IoT

March 18, 2019

SAN FRANCISCO, Calif.--(BUSINESS WIRE)--Mar 18, 2019--Kontakt.io, the leading location Internet of Things (IoT) Infrastructure provider, today announced that it has acquired ramp.digital, an Industrial and Manufacturing-focused IoT solutions company based in San Jose, California. As part of this acquisition, Prateek Gera, the founder and CEO of ramp.digital and a former executive at HP, Cisco, and relayr, joins Kontakt.io as VP of Product for Simon AI, Kontakt.io’s end-to-end IoT (Internet of Things) solution offering.

Gera, an MBA from Haas School of Business, UC Berkeley, and engineering graduate from NITR India, brings 20 years of product, commercial and entrepreneurial experience and success in IoT, Industrial IoT, Cloud, enterprise, and consumer products from his previous positions at HP, Cisco, relayr, and ramp.digital. His main responsibility at Kontakt.io will be to drive the business and product roadmap of the recently announced Simon AI, next-generation IoT analytics for line-of-business users.

“In the last few years, I have seen multiple IoT projects struggle beyond proofs of concept, primarily for two reasons,” says Gera. “Firstly, because of a lack of sharp focus on business outcomes. Secondly, complex, expensive and long drawn systems integration tend to obfuscate the value and return on investment of such initiatives. I am really excited about this opportunity to join forces with Kontakt.io and lead Simon AI, built specifically to address these challenges. The solution expertise of ramp.digital and Kontakt’s success in IoT hardware and Infrastructure software are valuable assets that will help Simon AI succeed in creating frictionless IoT. I am looking forward to advancing the joint vision of simple yet powerful, scalable IoT solutions that solve real problems for business users”

“I am excited to have ramp.digital joining Kontakt.io,” says Philipp von Gilsa, CEO at Kontakt.io. “Prateek shares our vision of simplifying IoT and has the expertise to expand its footprint. It is my firm belief that he will take our solution-centric, machine learning approach to business workflows to the next level.”

Gera joins Kontakt.io as VP of Product, bringing ramp.digital’s assets and IT effective today, 18th of March, 2019. The details of the deal were not disclosed.

About Kontakt.io

Kontakt.io simplifies location IoT. With its open, modular, and hardware-agnostic technology stack and out-of-the box integrations, Kontakt.io dramatically speeds up go to market time frame and reduces location and sensor driven solution development costs. Kontakt.io’s BLE Infrastructure is open and modular and consists of three layers: The Core API and Cloud Middleware for infrastructure management and data integration. The Connectivity layer supporting proprietary BLE gateways, SDKs and agents running on third-party WiFi access points. And last but not least, the Device layer, offering a rich portfolio of proprietary BLE beacons, tags and firmware development kits for third-party devices. Together, the layers create a robust foundation for a variety of applications, including location-based content, indoor positioning and wayfinding, asset tracking (RTLS), safety and security, and condition monitoring. Since 2013, Kontakt.io has lead the BLE IoT market, with over 1.5 million of devices deployed and a loyal base of 20,000+ partners and customers globally. In 2019, Kontakt.io launched Simon AI, the next-generation Location & Sensor Analytics software suite for operational environments focusing on business users.

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SOURCE: Kontakt.io

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PUB: 03/18/2019 10:20 AM/DISC: 03/18/2019 10:20 AM