Izuma Networks Acquires Pelion’s Device Management Business; Receives Investment from SoftBank Group

Izuma Networks, an Austin, Texas-based new edge computing services provider, completed an acquisition of Pelion’s Device Management business, an IoT services platform.

The amount of the deal was not disclosed.

Izuma Networks, founded earlier this year by Travis McCollum and Ed Hemphill, will focus on the market for edge computing services. McCollum and Hemphill formerly founded WigWag, an Austin-based startup acquired by Arm in 2019.

Izuma Networks closed an investment by SoftBank Group which will be used to hire new talent and improve IoT services previously under Pelion Device Management, with a focus on development and dev-ops. The funding will also go towards streamlining and integrating edge and IoT services under one umbrella.

Izuma Networks offers a globally available edge computing and Internet of Things management service. With the acquisition of the Pelion Device Management business, the company aims to become a leader in both edge computing services and IoT services. Izuma Cloud is a unified solution for both IoT deployment and management of devices, as well as application orchestration and remote management at the Edge.

Its edge computing offering includes Izuma Edge, an Apache 2.0 licensed software stack which can live on any x86 or Arm 64-bit class product. This stack allows customers to deploy applications using Kubernetes APIs and provides remote management services for operators deploying dozens to thousands of remote gateways or edge servers. Izuma Client, formerly Pelion Device Management Client, is a lightweight portable stack for connecting IoT devices to the Izuma Cloud.

FinSMEs

05/10/2022