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Hexagon’s SMART X strategy to get further push with the acquisition of Catavolt

With an aim to boost the progress of Hexagon’s SMART X strategy, the company announced the acquisition of Catavolt on May 9. A US-based mobile app platform provider, Catavolt is headquartered in Atlanta. The company offers an end-to-end platform for mobile application development and delivery, secure Cloud orchestration and edge computing.
Hexagon’s SMART X strategy is driven by the desire to make entire systems more efficient. Systems built around an information network with connectivity at the core, serving up data in the most intelligent and visually meaningful way. Catavolt’s team of experts are highly skilled in Cloud and mobile technologies as well as enterprise software solutions.
Hexagon President and CEO Ola Rollén says, “Connectivity platforms and mobile applications are essential to driving improvements in productivity and efficiency. Both must also integrate with legacy systems and on premise infrastructures as customers make the transition from old to new.”
Ola further says, “Catavolt’s technologies provide an open architecture and solid foundation for realizing the transformative potential of both Cloud and edge computing and will seamlessly connect to Hexagon’s connectivity platform – SMART Convergence.”
Edge computing, edge data processing, and analytics accelerate response times by analyzing streaming data at the source, in real-time, vs transferring it to the Cloud first. This is especially important in time-critical scenarios like smart traffic systems and autonomous vehicles.
Catavolt’s expertise will enable Hexagon to advance its digital transformation platform, HxGN SMART Convergence, which orchestrates connectivity (IoT), intelligence (AI) and visualization (VR/AR/MR) technologies according to industry-specific needs and user-specific workflows. The platform is managed by Hexagon’s Innovation Hub, a central R&D unit that develops enabling technologies for leverage by all of Hexagon’s divisions. This ensures platform development is based on standard protocols and easily customizable for different industry use cases.
Catavolt’s patented, Cloud technology is fully open and runs on any Cloud. At present, deployed across AWS, Rackspace and Microsoft Azure, the robust and mature platform supports more than 3,000 client applications today. Catavolt will be fully consolidated as of today. The acquisition has no significant impact on Hexagon’s earnings.