MOUNTAIN VIEW, CA, Apr 24, 2018 – FogHorn Systems, a leading developer of “edge intelligence” software for industrial and commercial IoT applications, announced a strategic partnership with BearingPoint, a multinational management and technology consulting firm. This partnership will accelerate the deployment of Industrial Internet of Thing (IIoT) solutions via the combination of FogHorn’s edge intelligence platform and BearingPoint’s system integration and digital transformation capabilities.
With the IIoT market growth expected to reach $933.62 billion by 2025, the alliance builds upon the two companies strengths meeting the needs of a growing number of businesses looking to deploy IIoT solutions as a core component of digital transformation and competitive advantage.
“IIoT solutions for new and aging/legacy equipment are demanding adaptable, configurable, as well scalable, and secure solutions. Project experience shows that a robust, rule- and machine learning high-performance solutions onsite where the equipment is installed (edge) is the key to master this challenge. FogHorn with their innovative approach to delivering real-time analytics, machine learning and AI is our partner when it comes to industrial edge,” said Donald Wachs, Partner and Global Head of Manufacturing and Industry 4.0 at BearingPoint. “Our joint project alliance is already producing transformational results for customers, and we look forward to working more closely in the future.”
With a strong history of building a world class Industrial IoT Partner Ecosystem, FogHorn continues to seek out best in class partners to complement its edge intelligence solutions, and accelerate the time to value for IIoT technology across a broad range of industrial use cases.
“BearingPoint is passionate about helping clients realize their business goals by applying deep industry and functional expertise to understand and address their specific needs,” said Sastry Malladi, chief technology officer for FogHorn. “Their core competencies in management and technology consulting are a great combination with the FogHorn solution portfolio, and our relationship is off to a great start. We look forward to jointly helping many clients – utilizing BearingPoint’s Digital Industry 4.0/IoT Lab – to realize their digital transformation initiatives.”
BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three units: Consulting, Solutions and Ventures. Consulting covers the advisory business; Solutions provides the tools for successful digital transformation, regulatory technology and advanced analytics; Ventures drives the financing and development of start-ups. BearingPoint’s clients include many of the world’s leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 75 countries, engaging with them to achieve measurable and sustainable success.
About FogHorn Systems
FogHorn is a leading developer of “edge intelligence” software for industrial and commercial IoT application solutions. FogHorn’s software platform brings the power of advanced analytics and machine learning to the on-premises edge environment enabling a new class of applications for advanced monitoring and diagnostics, machine performance optimization, proactive maintenance and operational intelligence use cases. FogHorn’s technology is ideally suited for OEMs, systems integrators and end customers in manufacturing, power and water, oil and gas, renewable energy, mining, transportation, healthcare, retail, as well as Smart Grid, Smart City, Smart Building and connected vehicle applications.
For more information, visit www.foghorn.io.