French low-power networking company has been criticised by a French blogger for its "torrid" expansion rate, despite signinga deal with Microsoft as part of its plans to be a dominant force in the Internet of Things (IOT) market. The company had secured a record €100m venture capital funding in February last year that has provided the launch pad for its global expansion strategy. Following on from that, the itentered the US market in a move that was considered highly risky but nevertheless, has reaped rewards with this latest deal. According to an article published today by Le Monde, which is owned by News Corp and based in New York, the new agreement will see Alcatel-Lucent expand into France through two separate deals –
French low-power networking company has been criticised by a French blogger for its "torrid" expansion rate, despite signinga deal with Microsoft as part of its plans to be a dominant force in the Internet of Things (IOT) market. The company had secured a record €100m venture capital funding in February last year that has provided the launch pad for its global expansion strategy. Following on from that, the itentered the US market in a move that was considered highly risky but nevertheless, has reaped rewards with this latest deal. This contract gives their customers access to Microsoft's Azure Cloud-based services, that they can use to develop and improve their IOT applications.