Canadian Manufacturing

Otodata Technologies USA acquires Wise Telemetry

by CM Staff   

Financing Manufacturing Energy Oil & Gas

Otodata took the opportunity to expand their product offering by acquiring the Montreal-based company.

Otodata Technologies USA Announces the Acquisition of Wise Telemetry (CNW Group/Otodata)

MONTREAL — Otodata Technologies USA announced that it has acquired Wise Telemetry, a provider of remote monitoring devices and services for the industrial gas industry.

Founded in 2008, Otodata designs, develops, and manufactures remote level monitoring products and technologies for a variety of industries. Otodata’s monitoring software that accompanies the hardware, allows users to monitor their tanks remotely, providing real-time data to drive asset and labour productivity.

“We are so pleased to be working with the Wise Telemetry team. This acquisition will accelerate our diversification into the industrial gas market, allowing us to leverage our innovative solutions for remote tank monitoring and serve this growing segment. This represents an important step in our strategy to address the growing demand for reliable, affordable and automated tank monitoring solutions across a variety of industries and geographic markets,” said Andre Boulay, President and Chief Executive Officer of Otodata in a statement.

“The Wise team is thrilled to be part of Otodata. Joining forces allows us to provide our customers with additional products, services and innovative pricing structures, enabling them to monitor every asset and receive an instant return on their investment, both locally and abroad.” said Eric Wise, Founder and CEO of Wise Telemetry.



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