By Staff Writer
It really looks like Stellenbosch-based antenna engineering firm EMSS Group sees its future in the development of mobile and IoT (Internet of Things) apps for a range of blue-chip clients. The South African firm announced on Monday that it has invested in IoT player, Polymorph.
The South African IoT market, which is estimated to reach in excess of $2 billion by 2020, is set to revolutionise all sectors stimulating industry growth and economic development.
The investment into Polymorph unlocks new revenue streams for EMSS.
“The deal brings together an established engineering company and a youthful start-up, and fits perfectly into our vision for the development of new hardware and software product lines. In addition, it fast-tracks our entry into the IoT industry by at least three to four years,” said EMSS co-founder and group director Frans Meyer.
EMSS was founded in 1994 as an antenna engineering company providing simulation software technology to the international market, including companies such as NASA, Boeing and DaimlerChrysler as well as field-sense technology to mobile network operators.
EMSS Antennas, one of the companies in the group, supplies antenna technology to the MeerKAT radio astronomy project, and is an integral part of the world-leading Square Kilometer Array development.
Polymorph develops mobile and IoT apps for a range of blue-chip clients including Barclays, Capitec, Shoprite and HealthQ Technologies.
Polymorph CEO Richard Barry says the merger will enable the company to potentially enter new industries.
“The EMSS team bring world-class engineering expertise to our software skills, as well as the capital to invest in promising new product lines and through their business experience bring these product lines to market, both locally and internationally. We will also be in a position to take on additional work from the other companies in the group, potentially unlocking new revenue streams for Polymorph and EMSS.”
“Our experience in IoT app development, UX and UI complements the hardware and software expertise of the EMSS Group of companies and enables us to develop new products quicker and at lower risk. We look forward to exploring the possibilities of our combined expertise in the IoT and engineering fields.”