azeti Networks Reaches $21 Million in Funding and Names IoT Industry Leader Wim Elfrink as Advisory Board Chairman

azeti Networks AG, a global provider of remote asset management software serving the IoT market, announced today that they have closed a $4 million dollar round of funding led by Wim Elfrink, a global IoT leader who recently held the position of Executive Vice President, Emerging Solutions and Chief Globalization Officer at Cisco Systems. Additionally, Mr. Elfrink will chair the azeti Industry Advisory Board. To date azeti has raised more than $21 million dollars in private equity funding, propelling the business forward as the de-facto standard for 'IoT Intelligence at the Edge' embedded on market-leading IoT gateways.

Mr. Elfrink's investment substantiates azeti's position in the IoT remote asset management software market. azeti has an OEM agreement with Cisco as an embedded gateway solution with Cisco's asset management product line. Quickly becoming the standard in the market, azeti is certified on Dell's IoT gateway platform, is in partnership with SAP for its data-driven intelligence IoT platform, and is available on Intel's IoT platform through Intel's marketplace.

"I've followed azeti closely since its participation with Cisco's IoE Open Lab Center in Berlin. azeti has assembled a first-class team of technology and business leaders all focused on making the world we live in -- and the businesses that serve it -- more efficient and capable by applying intelligence to device and sensor data at the edge," said Mr. Elfrink. "azeti is the market leader for intelligence at the edge and I look forward to chairing the azeti advisory board."

Wim Elfrink is the Founder and President of WPE Ventures Digitized Solutions, a security and digitization solutions business that leverages the Internet of Things (IoT) technology to drive transformational business outcomes. Elfrink is an investor, advisor, and consultant in early-stage, emerging, and emerging growth companies that enable the digitization of society. He actively manages a portfolio of companies via board participation, strategic marketing, governance, and capital structure.

Elfrink founded WPE Ventures in September 2015, after retiring from Cisco following 18 years of service. As Cisco's Executive Vice President of Industry Solutions and Chief Globalization Officer, he was responsible for the Industry Solutions Group, the Emerging Countries initiatives, and the company's globalization strategy. He also led the company-wide efforts for the Internet of Things (IoT). Elfrink was an Executive Officer of the company and a member of Cisco's Operating Committee.

Mr. Elfrink established Innovation of Everything Centers globally, where new ideas are brought together to solve business challenges. azeti's remote asset management software was incubated at the Berlin IoE center and was the center's first solution to be brought to market.

"Mr. Elfrink is a highly respected and influential figure in the IoT industry," said Thorsten Schaefer, Chief Executive Officer of azeti Networks. "We appreciate Mr. Elfrink's investment in azeti and are very pleased to welcome him as the chairman of the azeti IoT advisory board."

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azeti Networks is now a Dell IoT Associate Solution Partner

azeti Networks has been selected due to proven alignment with Dell strategy and differentiation in areas such as technology leadership and go-to-market.

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azeti Networks Advances to Preferred Solution Partner for IoT Within the Cisco Solution Partner Program

azeti Networks AG announced that it is now a Preferred Solution Partner within the Cisco® Solution Partner Program. azeti already managed to be a Cisco Validated Design as well as OEM to Cisco's Asset Management Solution. The Internet of Things (IoT) continues to bring together people, processes, data and things to enhance the relevancy of network connections. As a member of the Cisco Solution Partner Program, azeti Networks is able to quickly create and deploy solutions to enhance the capabilities, performance and management of the network to capture value in the IoT.

azeti's IoT remote asset management software runs on Cisco IoT gateways (910, 829). Leveraging Cisco's gateway computing capabilities, azeti IoT software is able to collect, analyze and process any type of sensor data, locally at the edge. Cisco IoT gateways customers are able to control remote assets using the azeti automation engine. The azeti central cloud component gives businesses visibility into mission-critical infrastructure and the ability to control distant objects at remote locations. azeti is easy to integrate with any application like Cisco Asset Management, NOC (Network Operation Center) front-end or ticketing system.

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azeti announces inaugural Industry Advisory Board to guide company growth in the IoT market

SAN JOSE, CA--(Marketwired - February 10, 2016) - Today, azeti Networks AG, a global provider of software serving the IoT market, announced the formation of the azeti Networks Industry Advisory Board and the appointment of twenty prestigious industry experts representing a diverse group of businesses in the telecommunications, retail, networking, software, renewables and hardware industries. A subset of brands represented include Ametek, Arqiva, Cisco, Dell, Hewlett Packard Enterprise, Emerson, Orange, Sigfox, Sigma and SunPower.

The Industry Advisory Board was created to help the company capitalize on market opportunity for its IoT platform and guide the company's ongoing expansion efforts. IAB members will provide azeti with guidance on market growth, product strategy, consumptive needs, and innovation. Each Board member serves a two-year term.

azeti's IoT remote asset management software runs on market leading IoT gateways. Leveraging the gateway's computing capabilities, azeti IoT software is able to collect, analyze and process any type of sensor data, locally at the edge. IoT gateways can control remote assets using the azeti automation engine. The azeti central cloud component gives businesses visibility into mission-critical infrastructure and the ability to control distant objects at remote locations. azeti is easy to integrate with any application, NOC (Network Operation Center) front-end or ticketing system.

"azeti has been on a positive trajectory over the past couple of years, and now we're at the point where the company is entering a next stage of growth," said Thorsten Schaefer, azeti CEO. "The creation of our Advisory Board is a huge step forward for us. The IAB will play a pivotal role in extending azeti's reach in the IoT market and identifying new use-cases and increasing awareness for azeti's remote asset management software. It's truly an honor that this esteemed group of individuals believes in azeti's potential."

"The formation of the azeti IAB shows the importance we place on identifying and delivering the optimal IoT solutions for various global IoT markets. Our IAB Members are experts and represent some of the largest Brands, Industry Segments and new IoT consumptive markets. Our IAB Members are expert voice-of-the-industry segments and help Thorsten Schaefer, CEO azeti, to guide the business and serve on behalf of customers," said Jeff Newman, azeti Board of Directors. "Additionally, these inaugural members of our advisory board will provide valuable input and advice to help azeti better execute in the IoT marketplace."

"I am enthusiastic about the future of azeti and the opportunity to work with the top-notch Industry Advisory Board that's been put together," commented Wim Elfrink, IAB member. "I look forward to playing an instrumental role in helping the azeti team discover new ways to add more value to its growing customer base and the IoT industry as a whole."

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azeti at Intel's Ignition Labs

This fall, you can see at the Intel Ignition Labs in Munich how azeti injects intelligence into edge devices. azeti and Intel demonstrate the power of IoT in critical industrial environments, visualizing sensor-driven process automation based on azeti’s edge software and Intel’s Moon Island platform.

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