TRUMPF Licenses C-Labs for IoT
C-Labs Corporation (Redmond, WA), a connectivity software provider for the Internet of Things (IoT), has announced the establishment of a strategic partnership with TRUMPF GmbH + Co. KG (Ditzingen, Germany), a global market leader in machine tools for flexible sheet metal processing that has industrial machines deployed at customer locations worldwide. TRUMPF will license C-Labs’ C-DEngine and Factory-Relay products and related technology for use in their industrial machines.
“Major industrial suppliers are discovering how C-Labs and its unique, easy-to-use, patent-pending approach can transform business models and accelerate product-as-a-service transitions in industrial markets,” said John Traynor, the chief operating officer of C-Labs, following a recent series of global customer meetings. “We are delighted that they have selected our technology and are further demonstrating their strategic commitment to the industrial IoT and us as a key investor in our next phase of growth.”
“The expertise and technology from them will significantly enhance our existing IoT capability. We are now able to capture live machine data for predictive maintenance and improved service, fully compliant with the IT and data usage policies of our many customers,” commented Stephan Fischer, the head of software development at TRUMPF.
Following a rigorous evaluation period, TRUMPF selected C-Labs as the IoT software provider best able to connect equipment on the manufacturing floor at multiple locations with enterprise applications and systems running on corporate IT networks. “We relish working with industrial suppliers and their customers’ enterprise IT organizations,” said Chris Muench, the chief executive officer of C-Labs. “We deliver solutions that meet the needs of both operations technology and information technology groups, directly addressing key security and privacy concerns. The relationship between us and TRUMPF means we can now bring these benefits to many more customers across the globe.”
TRUMPF also acquired a minority interest in C-Labs in a transaction that closed earlier this year. Details of that investment, part of C-Labs’ Series A offering, were not disclosed.
