Building on their track records of bringing Internet of Things (IoT) solutions to market, Phoenix-based Avnet has acquired Softweb Solutions, which delivers innovative software solutions for IoT applications and systems designed to increase efficiency and help businesses transform.

Integrating Softweb Solutions’ best-of-breed AI software for IoT applications along with its data services and digital process capabilities will provide Avnet with a rapid design, development and deployment capability that enhances its unique end-to-end ecosystem while offering new and recurring margin-enhancing revenue opportunities.

Softweb Solutions has delivered more than 1,400 projects to 600 clients since its founding in 2004. The company has approximately 500 employees in Dallas, Chicago and Ahmedabad, India. Read more.