BANGALORE, September 5, 2014 /PRNewswire/ --
RelySys Technologies India Pvt. Ltd ("RelySys") has announced that it has secured series 'A' round of funding from Inflexionpoint Acquisition Corp ("Inflexionpoint"), a global investment and buyout firm having offices in Singapore, United Kingdom, United States and Canada.
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RelySys Technologies is a Bangalore based start-up developing products in the area of Machine to Machine communication ("M2M") and Internet of things ("IoT"). RelySys products find usage in enterprise/industrial grade remote monitoring, automation, security and surveillance applications. The company has developed solutions for telecom tower and fuel outlet remote monitoring, logistics hubs and factory automation, retail and banking security and surveillance. RelySys embedded solutions are based on a powerful CPU running Linux with built-in video processing engine capable of performing data and video analytics along with networking functions. RelSys products use proprietary designs to integrate and interface various wired and wireless sensors, audio and video inputs from analog and IP cameras and have inbuilt LAN/Wi-Fi/3G/4G and 6LoWPAN interfaces supporting multiple protocols for control centre connectivity. Relysys provides support for customised application development on these products to enable system integrators/solution providers to realize M2M solutions across various industry verticals.
"We are delighted to be associated with Inflexionpoint and especially a technology pioneer like John Sculley. Investment from Inflexionpoint and guidance from Mr. Sculley will enable us to develop and widen our product and solutions portfolio and access newer markets. We are confident that this investment from Inflexionpoint and need for robust M2M/IoT products globally will accelerate our growth and help us achieve our goal of becoming a leading technology provider for M2M applications," said Mr. Jitender Misra, CEO and CTO of RelySys Technologies.
About Inflexionpoint Acquisition Corp
Founded in 2011, Inflexionpoint Acquisition Corp(http://www.inflexionpointac.com) is a global investment and buyout firm primarily focused on technology supply chains. Inflexionpoint has aggregated over 700 mn USD in sales revenues in 2013 with the acquisition of Dragon Technology Distribution Pte Ltd Singapore, a component and semiconductor distributor with operations in 9 countries in Asia, and Iris Computers Ltd, New Delhi, a broad line IT distributor with national presence in India. Inflexionpoint Board of Directors and management team include: former Apple and Pepsi CEO John Sculley, technology and financial entrepreneurs Shane Maine and Gordon McMillan, and Neeraj Chauhan, the former Managing Director of Global Infonet Distribution, India
About RelySys Technologies India Pvt. Limited (http://www.relysys.co.in)
Established in 2012, Relysys is a technology start-up based out of Bangalore. RelySys has been co-founded by embedded product design professionals - Jitender Misra, Praveenkumar Bijadi and Shreesha Nataraj who were colleagues at Wipro Technologies. Relysys co-founders have led teams for electronic product development for various global clients in their earlier roles. RelySys differentiation lies in its capabilities to design and develop Industrial Grade Embedded Solutions for mission critical applications.
Media Contact: Praveenkumar Bijadi, [email protected], +91-9980161618, RelySys Technologies Pvt. Ltd.
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