UK internet of things pioneer Neul on menu for Chinese giant

Post by Tom Williams on 23rd September 2014 in General industry, Technology

UK internet of things pioneer Neul on menu for Chinese giant

A British firm looks set to play a leading part in knowledge development in the ‘Internet of Things’, after it was bought by Chinese tech giant Huawei.

Cambridge-based Neul has been snapped up for a reported $25million by Huawei, which specialises in developing ICT systems and networks.

Neul – whose name is Gaelic for ‘cloud’ – employs 30 people, and the deal with Huawei looks set to see that team grow, as chief executive Stan Boland told The Register.

“Huawei has a genuine affection for the UK and wants to build a real, deep research and development community,” he said.

The two firms have already collaborated on work to integrate a range of domestic appliances with the computers and smartphones which will act as the interfaces enabling users to control them.

The Register noted that a couple of venture capital firms, and a raft of small investors, are likely to see their investments in Neul pay off handsomely as a result of the deal.

A Huawei spokesperson said: “The acquisition of Neul gives Huawei improved access to the growing and exciting market in the IoT, which enables advanced connectivity of machines, devices, systems, and services under a variety of applications.

"Huawei has no doubt that the IoT market offers huge scope to expand and to deliver important new services and solutions to the customers.”

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