Aspen has agreed to buy the Munich RE-backed IoT data analytics provider in a deal worth $78.2m, weeks after acquiring Sabisu's digital workspace platform.
Industrial software provider Aspen Technology has agreed to buy Mnubo, a Canada-based internet-of-things (IoT) analytics platform developer backed by reinsurance group Munich Re, in deal reported by Business Chief to be worth C$102m ($78.2m).
Mnubo provides a software platform that helps product manufactures assess the performance of connected devices and services through a combination of data analytics, machine learning and artificial intelligence (AI) technologies.
In February 2018, HSB Group, a subsidiary of Munich Re, led Mnubo’s $13.4m series B…
