Plat.One acquisition marks start of $2B IoT investment plan for SAP

SAP has bought IoT software developer Plat.One, marking the start of a plan to invest US$ 2 billion in the internet of things over the next five years.

Some of those billions will be spent on the creation of IoT development labs around the world, SAP said Wednesday. It already has plans for such labs in Berlin, Johannesburg, Munich, Palo Alto, Shanghai and São Leopoldo in Brazil. 

The company is also rolling out a series of “jump-start” and “accelerator” IoT software packages for particular industries, to help them monitor and control equipment.

Another compoent of SAP’s IoT plan is to acquire new businesses, the latest of which is Plat.One. This company makes a platform that helps smart devices talk to one another and with a central database, translating between the different protocols they use to communicate. Plat.One says it manages 200,000 devices for 25 enterprise customers, including three telecommunications companies: BT, T-Systems and Telecom Italia.

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