HONG KONG, October 10, 2014 /PRNewswire/ — Hubble Connected Ltd. is further growing its influence and reach within the IoT space. The specialist in video streaming and PaaS solutions for connected home devices has announced that it has taken a majority stake in Connovate, a design engineering and product solutions company based in Bangalore, India.
Connovate received global coverage when it launched the Gecko, its Bluetooth Low Energy (BLE) tag on the crowdfunding platform Indiegogo. TechCrunch, Engadget, Mashable and other influential tech media outlets enthusiastically reported about the tiny multi-functional BLE tag, while Apple Co-founder Steve Wozniak was among the many contributors to the Gecko campaign, personally endorsing it on his Twitter feed.
Connovate has since substantially expanded its offering, developing a full BLE profile, app framework and cloud support not only for its own product lines but also for third party customers. The company is seen as an IoT pioneer in India, having become one of the first companies to commercially launch a product in the IoT space.
“The network of connected devices is growing exponentially,” says Dino Lalvani, Chairman of Hubble, “We believe Connovate’s team and technologies are among the most innovative currently available. Our investment will allow Connovate to expand its product offering, while Hubble continues its growth as a leading platform provider for IoT. BLE is one of the fastest growing technologies in IoT. Combining Connovate’s deep technical knowledge of BLE with the BLE Mesh technology that Hubble is already working on will make this a sensible and strategic acquisition and allow Hubble to strengthen its position within this market.”
Connovate CEO Bahubali Shete adds: “We are excited for the opportunity to join forces with Hubble, a platform and team that we strongly believe in, and together we will be a dominant force in the IoT space for many years to come.”
Hubble will be exhibiting at the Hong Kong Electronics Fair (Autumn Edition) during 13th -16th October, presenting Connovate’s Gecko along with several of its other IoT initiatives in Hall 1 on stand 1B-B02.
Hubble Connected Limited (‘Hubble’) is a startup Platform-as-a-Service (PaaS) provider with offices in United Kingdom, Canada, Hong Kong and Vietnam. The Hubble platform enables leading global original equipment manufacturers (OEM) to power their latest connected home devices with both secure and rich applications such as live video streaming, cloud video services, and Voice over IP. Hubble is developing a broad range of innovative connectivity services along with its partners allowing for machine to machine (M2M) and the Internet of Things (IoT) connectivity.
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For more information on Hubble’s enabling platform and technology please visit our website at www.hubbleconnected.com