Michigan 'Pioneer' Buys Indy IoT Tech Provider

Updated:
(Image courtesy of TechPoint) Anurag Garg founded DATTUS in 2013. (Image courtesy of TechPoint) Anurag Garg founded DATTUS in 2013.
INDIANAPOLIS -

A five-year-old industrial Internet-of-Things company founded in Indianapolis has been acquired by a Michigan company. DATTUS Inc. founder Anurag Garg calls the deal by Plex Systems "a phenomenal fit" and one that provides technological, market and cultural synergies. Plex is not releasing financial details of the acquisition and Garg, who has been named vice president of IoT and analytics with Plex Systems, says additional details of how Plex will handle its IoT offerings will be announced later.

In an interview with Inside INdiana Business, Garg said the deal is a testament to the tech scene in the state. "It's more validation that there are amazing companies coming out of Indiana and Indianapolis and working on some amazing tech and very relevant problems that continue to put Indiana on the map for entrepreneurship and technology," he said. Garg called Plex a pioneer in its field, adding that it was using cloud computing technology in the manufacturing world since its founding 25 years ago when the Internet was just beginning to be widely available.

"Plex is an ideal fit for DATTUS, as we share the same central vision of transforming manufacturing in the cloud," said Garg. "I'm confident that our work in machine connectivity, data management, and analytics will be a major force in that transformation going forward, and I couldn't be happier to join Plex."

In 2016, DATTUS won the Best New Tech Product Award at the TechPoint Mira Awards. The company was launched at Purdue University and has been headquartered in Indianapolis.

In an interview with Inside INdiana Business, DATTUS Inc. founder Anurag Garg said the deal is a testament to the tech scene in the state.
  • Perspectives

    • What Makes Up Quality of Place?

      Economic development is a hot topic these days. With the economy continuing to chug along in robust fashion and unemployment approaching historic lows, communities are refining their objectives and priorities to eek every drop of benefit they can from these financially strong times. Nowhere is this focus greater than with “quality of place,” As cities and states think about how they can distinguish themselves from their peers, a common starting point is developing a...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Ball State Approves Room And Board Increase

      Ball State University trustees have approved a 1.6 percent room and board increase for the 2018-2019 academic year. President Geoffrey Mearns says the increase keeps the school's costs competitive while allowing it to provide modern residence halls to attract and retain top students. The average cost to live on campus for the 2017-2018 academic year is $10,032, which the school says is about $500 less than average for peer and ins-state institutions.

    • 'Fresh Energy' Keeps Bloomington Indie Music Label Moving

      After more than 20 years, a Bloomington-based music label is continuing with its mission of showcasing the independent music scene locally and globally. Secretly Group, which includes the Secretly Canadian, Dean Oceans, Jagjaguwar and The Numero Group labels, has worked over the years with artists including Grammy-winner Bon Ivar, Major Lazer, Yoko Ono and Dinosaur Jr. It has grown to include the labels, a distribution business and a presence in New York, Chicago, Austin...

    • The Amazon Effect: How Big is The Economic Impact?

      Jeff Bezos, CEO of Amazon, increased his net worth by $6.44 billion dollars just by saying a few words. He announced the company's earnings on October 26, 2017, and Amazon stock jumped 8 percent. How are you impacted by the Amazon Effect?

    • (Image courtesy of Pat McAfee Show 2.0)

      Pat McAfee Leaves Barstool

      Less than a year after announcing its launch, former Indianapolis Colts punter-turned-media personality Pat McAfee has exited Barstool Sports. McAfee helped launch Indianapolis-based affiliate Barstool Heartland with Barstool Sports founder Dave Portnoy, but said on his own, independent podcast that he's quitting and has not made plans for his next steps. During the first edition of "The Pat McAfee Show 2.0," McAfee said dealing with the business side...

    • St. Vincent Names Manas Regional President

      Julie Manas has been selected to serve as regional president of the St. Vincent North Region, which includes St. Vincent Anderson, Carmel, Fishers, Kokomo, Mercy, Randolph and Williamsport hospitals. She has more than 30 years of healthcare experience and most recently comes from Hospital Sisters Health System, Western Wisconsin Division, where she held the role of president and chief executive officer.