Bsquare Corporation (NASDAQ:BSQR), a provider of industrial internet of things (IIoT) services and software, announced Tuesday that it is collaborating with Amazon.com Inc’s (NASDAQ:AMZN) Amazon Web Services (AWS) to meet increasing demand for digitalization solutions.
Bsquare said it has selected AWS as its preferred cloud services provider and is leveraging it to expand new offerings around DataV, a suite of edge-to-cloud IoT services and software designed to “improve uptime, manageability, and performance of enterprise assets,” said Bsquare acting CEO Kevin Walsh.
Bsquare stock shot up nearly 30% to $2.48 Tuesday.
The industrial internet of things has been heralded primarily as a way to improve operational efficiency. Business technology must now interconnect people with the proliferating devices, data and systems that populate our digitalized world via the internet. The type of infrastructure that enables a business to address this evolution is dubbed the industrial internet of things.
"Bsquare has a long track record of success developing solutions running on AWS that help industrial businesses reach their IoT goals," said Walsh. The technology software company would mine the collaboration with AWS to develop “more advanced solutions for our customers," he added.
The company said that PACCAR Inc (NASDAQ:PCAR), a Fortune 500 company that is one of the largest builders of heavy-duty commercial trucks in the world, is using DataV to “adaptively diagnose truck failures” in order to reduce time-to-repair and improve first-time-fix ratio.
"By leveraging AWS IoT services, Bsquare's DataV suite can help customers accelerate time-to-value versus customizing solutions inhouse," pointed out Joshua Hofmann from Amazon Web Services.
BSQUARE Corporation was founded in 1994 and is headquartered in Bellevue, Washington.
Contact Uttara Choudhury at [email protected]