GE To Acquire IQP Corporation For IoT Developer Tools

Quick Take

GE (GE) has agreed to acquire Israeli-Japanese IQP Corporation for $30 million to $40 million, according to a Haaretz report.

IQP has created an Internet of Things [IoT] optimized development environment for apps that doesn’t require knowledge of code in order to program applications.

GE is acquiring IQP to provide an easy-to-use interface to drive faster adoption of its Predix IoT platform.

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