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Internet of Things closes Weather Telematics acquisition combining disruptive technologies

Published: 16:48 08 Jun 2018 EDT

Internet of Things Inc.(CVE:ITT) announced it closed its previously announced acquisition of Weather Telematics Inc, where Weather Telematics Inc CEO Bob Moran tells Proactive Investors the combined companies had 'immediate' synergy from the point of view of machine learning analytics and disruptive technology. 

Moran says there are a number of products the company can roll out quickly. Weather Telematics offers artificial intelligence (AI) based predictive road condition weather analytics and the consideration was C$2.53mln. 

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on 04/30/2021