Taoping announces framework contract valued at $3mn

Hong Kong – Taoping Inc., announced that it entered into a framework contract with an estimated value at [$3 million (€3.09 million)]. Under the agreement, over the next six months the company will leverage Taoping’s smart cloud platform and the cloud-based ad terminal network of Taoping Alliance to provide digital advertising services to Shenzhen Taitao Electronic Technology Co.,

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Aramco’s Wa’ed Ventures and Phaistos invest €13mn in OQ Technology

Luxembourg, Dhahran, Athens. 01 September, 2022 – OQ Technology, a global 5G IoT (Internet of Things) satellite operator, has closed a €13 million  Series A funding round led by Wa’ed Ventures, the venture capital arm at Aramco (the Saudi oil and gas company), and Phaistos Investment Fund, managed by 5G Ventures in Greece.

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DANA bolsters financial inclusion in Indonesia with HERE Technologies

Jakarta, Indonesia. 04 August, 2022 – HERE Technologies, the location data and technology platform, announced that DANA, one of Indonesia’s digital wallet services, is utilising HERE location services to bolster inclusive financial services in the country.

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Self-driving technology firm Sensible 4 receives €8mn to boost sustainable transport

Luxembourg & Finland. 19 May, 2022 – Sensible 4’s software enables vehicles to operate under the most challenging weather conditions, including snow, heavy rain, fog and sandstorms. Autonomous driving contributes to sustainable transport, reducing the number of traffic accidents and carbon dioxide and polluting emissions. It also provides a solution to the shortage of public

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67% of fintechs believe that AI will have the biggest impact on sector in the next five years

Tribe Payments, a payment technology company, reveals that 67% of fintechs believe AI is the technology that will have the biggest impact on the sector over the next five years.

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Struggling with Digital Transformation? Meet the experts at ‘The Evolving Enterprise’

Experienced executives in many sectors will tell you that today they face their toughest business challenges ever. Even leaders in successful and well-established enterprises are concerned at what the third decade of the millennium holds for them. Lean new competitors are entering the market, they enjoy lower operating expenses and are using disruptive technologies to tear up the rule

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Hands up who’s making money in 5G? And who’s not?

A WEEK IN IoT – 5G is starting strong, says Huawei. The company’s deputy chairman, Ken Hu, told its annual Mobile Broadband Forum (#MBBF) in Zurich, Switzerland last week that 5th Generation mobile communications “arrived faster than expected,” and that there are now 40 carriers in more than 20 countries supporting 136 different 5G-enabled devices.

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Mobileum to acquire roaming, fraud and revenue management company WeDo Technologies

Two specialists in roaming, revenue assurance, and fraud management are joining forces to strengthen their solutions and support for the telecommunications industry. Cupertino, California-based Mobileum Inc., a global provider of analytics-based roaming and risk management solutions, is to acquire WeDo Technologies.

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CEO tells IoT Now why Hansen Tech is buying Sigma for £89.4mn

In a cash-only deal announced today, Hansen Technologies, based in Australia, is to acquire Canada’s Sigma Systems for CAN$157 million. The deal took market watchers by surprise and in an exclusive interview with IoT Now, Tim Spencer, CEO of Sigma describes what led to the deal. 

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Oz-based Hansen Tech snaps up Sigma to build create-sell-deliver software for telcos, media and high-tech firms

Global provider of catalogue-driven software, Sigma Systems, announced today that it is being acquired by Hansen Technologies for an undisclosed sum. Hansen is a specialist in billing, data management and customer care solutions for the energy, water, pay-TV, and telecommunications industries.

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The Week in IoT: Samsung invests US$22bn, Sierra swats analysts with results, and Siemens splashes the cash

It’s been quite a week for the tech sector. Some vendors are betting the farm to catch up or just to find a niche in the Internet of Things. Others are smirking as they see a return on earlier IoT investments. Jeremy Cowan reports from a volatile marketplace.

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Telefonica sees blockchain business opportunities in IoT security, supply chain and fraud control

As Telefonica says, Blockchain is the keystone of cryptocurrencies. And cryptocurrencies are inherently linked to the Internet of Things (IoT).

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A Week in IoT: Broadcom mulls $100bn bid for Qualcomm, as Ayla banks $60m Chinese backing

Broadcom Ltd. is rumoured to be considering a bid of up to US$100 billion for Qualcomm Inc., according to a report by Bloomberg. As Jeremy Cowan writes, if it goes ahead this could be one of the biggest ever acquisitions of a chipmaker.

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IMS Evolve brings in ex-banker and E.ON exec Weber as CFO to support international expansion

Milton Keynes, UK. October 2, 2017 – IMS Evolve, specialists in Internet of Things (IoT), big data and machine management solutions, has appointed Arne Weber to the position of chief financial officer (CFO). His brief is to strengthen the company’s finance department, and support its rapid international expansion and business development.

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IoT is still in early stages of development, say investors backing Wireless Innovation and Sabio

Lyceum Capital has been in the news lately. On August 16, IoT Now reported that the company was an investor in customer contact specialist Sabio, which has amassed a €35 million warchest. CEO, Andy Roberts told us exclusively what the company would spend it on. One week later, Lyceum was back in the headlines announcing

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Blockchain system ‘successfully deployed’ to improve logistics connectivity, efficiency and security

A new pilot program from Marine Transport International (MTI) is said to have shown that the logistics industry can improve its connectivity, efficiency and security with blockchain. MTI and Agility Sciences today released a whitepaper detailing the deployment of their Container Streams system in a supply chain environment.

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