Stream's CEO, Nigel Chadwick, was interviewed by The Herald Scotland on Stream's humble beginnings in M2M & IoT to it's now evolving global strategy. Read an excerpt below:
"Mr Chadwick styles Stream Technologies, with a tiny staff and less than 5 million of investment, as a "leading-edge disruptive force" in the telecoms industry. At his Glasgow West End headquarters, in between a flying schedule taking in France, Japan, India and Malaysia this month, the 50-year-old entrepreneur makes plain that after 14 years Stream is no aspiring start-up but a mature and potentially highly attractive prize.
When he says "we are the only company in the world that has developed what we have got and we are on the cusp of selling that on a worldwide basis", it is no niche product but the most advanced software platform enabling machine to machine (M2M) communication. Everyday devices, from smart meters to cars and washing machines to vending machines, now transmit data via a SIM card, and Stream has built the only platform which links the entire UK and European eco-system of machine-generated data. It embraces not only the telecoms giants but satellite-based Inmarsat, and offers a virtual platform that minimises intrusion into telco systems as it attracts new mobile phone networks worldwide.
Two US platform companies in this space have been taken out for $130m and $170m respectively, and when last year Google bought Apple spin-off Nest Labs, a maker of smart thermostats, for $3.2billion, a new tag for the sector went viral..."
Read the full article here: http://www.heraldscotland.com/business/people/from-leisure-to-accountancy-and-the-internet-of-things.25737001Back