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CAPTION DATA LTD SECURES INVESTMENT FROM POLYGON INTERNATIONAL TO DRIVE FUTURE GROWTH

WORCESTER, UK,  based Caption Data are pleased to announce the details of an investment by Polygon International AB of Sweden.

Polygon has acquired a minority stake in Caption Data and provided significant working capital for the future growth plans of the business. As part of this transaction the minority shareholding of a VC has been bought out.

The relationship between Polygon & CDL dates back to the formation of Caption Data in 2008 and many of Polygon’s global operating subsidiaries are users of CDL products. In recent years Polygon USA have pioneered new services for their clients based on the use of CDL technology. As part of the deal a Polygon USA Director will join the board of CDL.

eric jan jansen

Eric Jan Jansen

“We have long since recognized the importance of the IoT and its potential in this industrial revolution and have been working with Caption Data for many years. Our investment in Caption Data will add to our existing work in this area and drive the development of disruptive technologies, delivering increased functionality for customers and enabling Polygon to deliver our services faster and at lower cost. ” says Erik-Jan Jansen, President CEO of Polygon Group

 

 

 

Jon Penn

Jon Penn

“CDL’s position at the heart of the Industrial IoT revolution is turning into major commercial opportunities and being properly resourced to deliver these is key to the success of the IoT for our clients. Our partnership with our good friends and customers at Polygon will be pivotal in helping us deliver this. Whether it is technology for Smart Water Grids, or web enabling OEM equipment, or monitoring & controlling remotely the asset portfolio of  companies like Polygon, CDL will be leading the way with this technology” according to Jon Penn, Managing Director of Caption Data Ltd

 

 

Caption Data Limited is a UK company leading the way in remote asset monitoring and “Internet of Things” technology for the Built Environment, and OEMs, Consultants, Construction and FM businesses operating in that sector. With thousands of installed units across 15 countries, we provide end-to-end solutions, all the way from the sensors to the cloud & our SmartHub™. They deliver real ROI, are quick to install, light touch, and above all are practical for our clients.

 

For more contact                  Jon Penn, Caption Data,            jon@captiondata.com

Posted by Jon Penn

Jon Penn, Managing Director, regularly writes for the blog. Jon is always looking to provide informative articles on how Caption Data's services can help.

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