The kanepi technology is applicable to all AssetCare™ offerings, including the Company’s Connected Worker solution on RealWear headsets. Working prototypes have been well received by mCloud customers in North America. The core technologies from kanepi are ready to be integrated into mCloud’s AssetCare™ cloud platform. Both have extensive experience in successfully creating and deploying software technology with prior endeavors at ISS Group, Apache, and Honeywell. Founders and Managing Directors Tim Haywood and Shane Attwell have led kanepi since its inception in 2014. Kanepi provides advanced visual analytics solutions designed to deliver an immediate and positive impact on the industrial operations of asset intensive industries. Kanepi’s footprint in the southern hemisphere is expected to bolster mCloud’s presence in a variety of process industries including upstream and midstream oil and gas, offshore Floating Production Storage and Offloading (FPSOs), Liquefied Natural Gas (LNG), and mining facilities. The acquisition of kanepi, which will be made through a newly incorporated subsidiary of mCloud, will supplement mCloud’s customer base and accelerate the expansion of AssetCare™ to new asset classes. ( MCLD.V) ( MCLDF) ("mCloud" or the "Company"), a leading provider of asset management solutions combining IoT, cloud computing, artificial intelligence ("AI") and analytics, today announced that it has signed a definitive agreement (the "Acquisition Agreement") to acquire kanepi Group Pty Ltd ("kanepi"), an information, visualization, and analytics software technology company headquartered in Perth, Australia, with a development center in Singapore. VANCOUVER, British Columbia, J(GLOBE NEWSWIRE) - mCloud Technologies Corp.
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Acquisition will expand mCloud’s footprint in Australia, Southeast Asia, West Africa, and South America, and brings major oil and gas, FPSO, LNG, and mining customers to mCloud
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