Izuma Networks completed the acquisition of Device Management business of Pelion.

Izuma Networks, a computing services provider, completed the acquisition of Device Management business of Pelion, an IoT services platform. Financial terms were not disclosed. "The acquisition of Pelion Device Management will allow us to provide long-term, reliable technology to our customers through changes to our cloud and licensing offerings. With the advent of more complex applications such as AI models running on richer edge compute and microcontroller platforms and the amount of data that 5G can transmit with more data hungry sensor and imagery components, moving IoT applications toward the edge is fundamental. The funding from Softbank will allow the Company to focus on streamlining and integrating our edge and IoT offerings, as well as providing new offerings to help our customers meet the rapidly changing regulatory and security requirements around the world," Ed Hemphill, Izuma Co-Founder and CEO.