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Is it time for consolidation in IOT?

The IOT space in India is still in a nascent stage. Most products are in POC stage, most companies are tight lipped about their IOT divisions and apart from tech talk, there is not much use cases or real products to talk about. But given how massive this sector will be in a few years, some have started early. 

Yesterday, Happiest Minds acquired IoT company Cupola Technology. It is understood that  Cupola’s gateway management, smart provisioning and asset management technologies will help Happiest Minds in faster deployments. The size of the deal is unknown but earlier Ashok Soota, founder of Happiest Minds, had said that they are looking for acquisitions up to $10 million. So, at least, we know how much Cupola was not worth.  

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