CogneSense Expands IoT Leadership with Strategic Acquisitions
Deal News | Jan 19, 2025 | L Squared Capital Partners
CogneSense, a platform company under the management of L Squared Capital Partners, has strengthened its position in the IoT market with the acquisition of two innovative companies: Sonitus Systems and Hidden Brain Technology. The acquisition of Sonitus Systems adds expertise in environmental noise, air quality, and vibration monitoring solutions, while Hidden Brain brings its open IoT platform for seamless sensor to cloud integration. These acquisitions are part of CogneSense's strategic buy-and-build approach aimed at dominating the Environmental Sensing and Measuring sector, which is currently undergoing rapid evolution and fragmentation. With these strategic investments, CogneSense is poised to broaden its footprint and capabilities in this burgeoning field, marking a significant advance in its pursuit of industry leadership.
Sectors
- Internet of Things (IoT)
- Environmental Sensing and Monitoring
Geography
- United States – L Squared Capital Partners is based in the United States, indicating a primary geographical focus of the article.
Industry
- Internet of Things (IoT) – Involvement of IoT is evident as the acquired companies provide platforms and technologies related to IoT applications from sensors to cloud solutions.
- Environmental Sensing and Monitoring – The acquired companies focus on environmental monitoring solutions, including noise and air quality, employing IoT technologies.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CogneSense | Platform Company | Company | A platform company associated with L Squared Capital Partners, focused on expanding capabilities in the IoT sector. |
| L Squared Capital Partners | Private Equity Firm | Company | A private equity firm investing in growth-oriented companies and maintaining a platform strategy with CogneSense. |
| Sonitus Systems | Target Company | Company | Provider of environmental noise, air quality, and vibration monitoring solutions. |
| Hidden Brain Technology | Target Company | Company | Developer of an open IoT platform that covers sensor to cloud and user applications. |