DMI, an end-to-end mobility solutions provider, has announced the acquisition of Detroit-based Lochbridge, a market leader in bringing IoT solutions to the automotive, healthcare, financial services and manufacturing sectors.
Lochbridge has enabled more than $1.5 billion in new annual revenues for its clients. Together, the companies will help organizations across industries rethink how they use mobility and digital solutions to better serve their end customers. As we enter an era where there will be 50 billion connected devices, the knowhow to connect and operate across the Internet of Things will be critical to how companies compete. Lochbridge has delivered first-ever business solutions for connecting devices:
- Unparalleled experience in connected vehicles: The company was a pioneer in developing and deploying connected car solutions, growing quickly within the automotive and manufacturing space. Lochbridge has since brought its depth of experience and learning to additional industries such as financial services, public sector and healthcare.
- Monetizing a connected world: Lochbridge is a critical acquisition as DMI continues to partner with its clients to conceive and deliver a new breed of connected services. With the advent of IoT, DMI aims to help clients expand the types of devices they rely on to engage customers, enable their employees, drive operational efficiencies and create new revenue opportunities.
- Impact with the biggest innovators: Together, DMI and Lochbridge have helped some of world’s top brands create new service offerings leveraging their connected vehicles and advanced analytics, including Tennant Company, Covenant Transport, and five of the top automotive OEMs in the world.