Cognosos acquired Cox 2M, the connected asset tracking and IoT business founded by Cox Communications, further accelerating the availability of supply chain visibility solutions across key verticals, including healthcare, automotive logistics, and industrial operations.
“The addition of Cox 2M solidifies our position as a leader in the location and process visibility space,” says Joe De Pinho, chief executive officer at Cognosos and partner at Riverwood Capital. “This acquisition reflects a shared vision to transform location intelligence through AI and software. We’re excited to serve a wider range of our customers’ needs in adjacent, critical applications.”
“The acquisition allows us to bring material IoT talent to our R&D team as well as dramatically increase our scalability and reach. The increased investment in R&D allows us to deliver new capabilities and grow our product roadmap more quickly to meet customers’ evolving needs,” adds Carter Griffith, chief financial officer at Cognosos.
Key takeaways:
· With this acquisition, Cognosos gains new technical capabilities, including advanced vehicle telemetry and on-board diagnostics to bring end-to-end visibility to customers’ vehicles throughout production from quality staging to dealer and customer delivery.
· New cellular tracking devices will allow Cognosos to offer over-the-road tracking capabilities for vehicles, containers and returnable packaging.
· The deal also introduces compatibility with LoRa-based (long-range, low-power wireless) infrastructure, enabling Cognosos solutions to work with existing deployments and off-the-shelf infrastructure, enhancing customer ROI and quickening time to value.
“Our team built Cox 2M as we saw opportunities to address the complex needs of our commercial clients with custom IoT capabilities,” says Jessica Shrum, EVP and chief strategy officer, Cox Communications. “Combining our existing solutions with Cognosos will accelerate the pace of innovation for customers and provide access to a full portfolio of location-based solutions."
