TASE:TNDO

Tondo Smart Ltd. Announces Acquisition of Cloud of Things Ltd.

May 8, 2022

Cloud of Things Ltd Logo stylized with blue cloud outline above text

Tondo is excited to announce the acquisition of Cloud of Things – Secure IoT, one of the most innovative and important players in the field of IoT. Tondo sees the agreement as another significant step forward in its customers’ technological development and business growth.

Cloud of Things is a key player in the field of IoT platforms, with an experienced professional team, one of the most advanced products in the world, and a diverse customer base.

Guy Saadi, the CEO of Tondo Smart: “The acquisition is expected to benefit the company in a variety of ways, including the enrichment of knowledge and technological assets, the improvement of gross profitability, expansion of business operations and a vast basket of solutions that can be offered to the group customers. We see Cloud of Things as a significant growth engine that will continue to develop IoT solutions for various customers in Israel and around the world.”

Avner Ziv, CEO of Cloud of Things: “I am excited about the opportunity to join Tondo Smart and become a stronger force that can support, empower, and contribute from the capabilities developed at Cloud of Things and Tondo over the years in a way that will bring great value to the customers of both companies. There is no doubt that by working together, we can provide more to our customers.

For more information, contact: press@tondo-iot.com

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