7 June 2021 – With the acquisition of Axonize, the Israel-based developer of a market-leading cloud-based IoT Platform, Planon is taking a further step in realising its ambition of enabling connected buildings at scale. Additionally, the acquisition will help Planon to further strengthen its market leading position in smart building systems.

Axonize’s Internet of Things (IoT) Platform will play a critical role in Planon’s 360-degree building digitisation strategy. Axonize complements Planon’s ‘Open Platform’ approach by providing out-of-the-box connections with smart devices and data sources across a plethora of vendors. Moreover, the acquisition supports Planon’s strategic partnership with Schneider Electric and other strategic technology partners, fuelling joint ambitions for the future.

The innovative IoT platform enables simple and fast connectivity, allowing for high volumes of devices to be connected quickly and providing the scalability required for customers to deploy their IoT use-cases effectively and with increased speed.

The combined services from Planon and Axonize will enable the provision of digital twins, enhancing insight into asset & building performance and operations. With this acquisition, Planon also completes its suite of data services, to include high-velocity IoT databases together with the associated data-based analytics.

Pierre Guelen, CEO of Planon stated: ‘The digitisation trend around buildings and facility services will accelerate over the years to come. Availability and secure access to reliable behavioural data is a key prerequisite for our customers in their digitisation, automation and sustainability initiatives. With this acquisition, Planon has completed its software capabilities to fully serve customers in their digitisation endeavours at the building portfolio level.’

Janiv Ratson, CEO of Axonize added: ‘We look forward to this next step in our journey, and we strongly believe that Planon will provide a great home for our customers, employees and technology. With the Planon acquisition of Axonize, we expect the growth of digital transformation in smart enterprises to be exponential. It will provide consumers with safer, less costly, more productive, and significantly optimised businesses. I’m confident that together we can successfully grow the entire notion of smart buildings, as well as smart business across the globe.’

Terms of the transaction will not be disclosed. Catapult Advisors LLC acted as financial advisor to Axonize.

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