Plat.One acquisition marks start of $2B IoT investment plan for SAP

SAP has bought IoT software developer Plat.One, marking the start of a plan to invest $2 billion in the internet of things over the next five years.

Some of those billions will be spent on the creation of IoT development labs around the world, SAP said Wednesday. It already has plans for such labs in Berlin, Johannesburg, Munich, Palo Alto, Shanghai and São Leopoldo in Brazil. 

The company is also rolling out a series of “jump-start” and “accelerator” IoT software packages for particular industries, to help them monitor and control equipment.

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