The acquisition expands Cognosos’ AI-driven location platform and strengthens its presence in healthcare and other industries.
Cognosos, a provider of AI-driven process visibility solutions, backed by technology investors including Riverwood Capital, Susquehanna, and others, has acquired Cox 2M, the connected asset tracking and IoT business founded by Cox Communications.
This acquisition follows Cognosos’ 2024 acquisition of Cox Prosight and accelerates the company’s growth across key verticals, including healthcare, while solidifying its leadership in AI-powered location intelligence, according to a release from the company.
Cognosos provides location services to healthcare systems and automotive OEMs in North America. Cognosos’ platform manages information from approximately 1 million sensors deployed in the field.
“The addition of Cox 2M solidifies our position as a leader in the location and process visibility space,” says Joe De Pinho, chief executive officer at Cognosos and partner at Riverwood Capital, in a release. “This acquisition reflects a shared vision to transform location intelligence through AI and software. We’re excited to serve a wider range of our customers’ needs in adjacent, critical applications.”
Jessica Shrum, executive vice president and chief strategy officer at Cox Communications, adds in a release, “Our team built Cox 2M as we saw opportunities to address the complex needs of our commercial clients with custom IoT capabilities. Combining our existing solutions with Cognosos will accelerate the pace of innovation for customers and provide access to a full portfolio of location-based solutions.”
ID 60933364 | Acquisition © Pichetw | Dreamstime.com
