Los Angeles, California – January 25, 2022 – Utelogy, the leading UC, AV & Device management, monitoring and analytics company has announced its acquisition of CloudThinQ, an innovative, Seattle-based provider of IOT and real-time device management for the Enterprise workplace. CloudThinQ has developed a unique cloud-based enterprise IoT platform to intelligently integrate building systems into a flexible and scalable framework for enhanced smart building experiences.
Utelogy has seen dramatic growth of over 280% over the last 12 months and has been focused on delivering its platform to End Users, AV/UC Integrators and Managed Services Providers to remotely manage all types of UC, AV & IT devices in the modern workplace. According to Futuresource Research, the AV Managed Service market alone is set to grow to $4.3b by 2024 and we see this service proposition extending further into the workplace.
Utelogy is deployed globally by customers across Corporate, Investment Banking, Government, Technology and Higher Education. The Utelogy Platform delivers significantly improved user experience, proven long term cost-savings, and provides actionable insights into how technology and real-estate is being engaged and utilized across the entire estate.
The strategic acquisition of CloudThinQ augments the Utelogy proposition and will provide a platform extension that delivers insight, management, and control far beyond the meeting room and classroom and drives value to a wider cross section of stakeholders.
“In a post-pandemic world as employees return to the hybrid workplace our customers are looking to ensure all technology users enjoy a great experience and therefore need a toolset to help increase uptime, monitor and manage technology proactively as well as deliver deep analytics and user insights. With Utelogy’s acquisition of CloudThinQ, our technology will deliver on the combined vision of allowing everyone in the connected workspace to be first class participants,” explains Kevin Morrison, CEO of Utelogy.
2021 was a very successful year for Utelogy with triple-digit growth which we are projected to exceed in 2022, highlights Kevin Morrison, CEO of Utelogy. “Bringing these companies together was a natural step in both company’s evolution. We have been working closely with CloudThinQ in the last couple of years and both technically and culturally the fit is perfect. CloudThinQ has developed compelling technology and their expertise in IOT, AI, cognitive voice and management of real-time edge devices for leading global customers is second to none,” continues Morrison.
As part of the acquisition, Jim Sebring Co-Founder and Chief Technology Officer of CloudThinQ joins Utelogy as Chief Technology Officer of Utelogy. “We look forward to joining forces with the
Utelogy team”, said Jim Sebring, CTO of CloudThinQ. “This acquisition will help Utelogy accelerate its growth and bring exciting opportunities for enabling and managing engaging customer experiences.”
