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SAP to invest $2B in Internet of Things

Sep. 28, 2016 8:37 AM ETSAP SE (SAP) StockSAPBy: Yoel Minkoff, SA News Editor
  • SAP has bought IoT software developer Plat.One, marking the start of a plan to invest $2B in the Internet of Things over the next five years.
  • Some of those billions will be spent on the creation of IoT development labs around the world, SAP said in a statement.
  • The company is also rolling out a series of "jump-start" and "accelerator" IoT software packages for particular industries, to help them monitor and control equipment.

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