Telstra acquires Sydney’s VMtech, boosts hybrid solutions portfolio
Telstra has announced the purchase of Sydney-based hybrid cloud, connectivity and security solutions provider VMtech.
The major telco said the acquisition was aligned with its strategy to accelerate the growth of its network applications and services business in Australia and internationally.
Christopher Smith, Telstra’s Executive Director of Business Technology Services, commented: “The cloud services markets in Australia and Asia are growing rapidly and we expect to see this growth continue as more organisations adopt hybrid cloud solutions over the coming years. This presents a huge opportunity for Telstra.”
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No financial details of the transaction have been revealed, although VMtech does boast a portfolio of customers which includes Coca-Cola, Komatsu, ME Bank, Mission Australia and Sydney’s Inner West Council. It has also featured in the 2017 Financial Review Fast 100 list, Deloitte Technology Fast 50 (2016) and BRW Fast 100 (2016)
VMtech Co-Founder and CEO Len Findlay said: “We have partnered with Telstra since 2013 to deliver our innovative solutions to customers in New South Wales and Victoria. Our values and commitment to delivering best-fit customer solutions are strongly aligned.
“We’re excited to be joining Telstra and helping to take our secure hybrid cloud capabilities, combined with Telstra’s leading network and security services, to a broader market – both domestic and international.”
VMtech, established in 2009, employs around 75 staff, and joins the likes of Kloud, Readify and MSC Mobility in being acquired by Telstra.
EDGEMATRIX and NTT DOCOMO deliver AI at the edge
Leading Japanese telecommunications firm NTT DOCOMO, together with startup EDGEMATRIX, is harnessing the power of 5G to support artificial intelligence-enabled video, real-time analytics and, ultimately, the next step in the evolution of the modern smart city.
Founded under the roof of Silicon Valley tech firm Cloudian, EDGEMATRIX has grown into a cutting edge startup based in Japan. NTT DOCOMO has been a shareholder in the company since 2019, having spent the past two years jointly developing and commercialising EDGEMATRIX's revolutionary edge-AI platform using high-speed, high-capacity, low-latency 5G technology. NTT DOCOMO, together with EDGEMATRIX, launched a world-first edge AI platform for intelligent video analytics, enabling high resolution, high security, and real-time video using AI.
Courtesy of EDGEMATRIX
The platform simplifies, manages and oversees the implementation and integration of AI at the edge, which captures, analyses and stores video close to where it is captured in industrial and retail settings, "on location at factories, buildings and other outdoor and indoor locations." The solution is also used in social infrastructure such as roads, railroads, and long-term care facilities for safety monitoring and anomaly detection.
Using Edge AI Box, a compact indoor and outdoor device equipped with a GPU for deep learning-based AI and a communication module (WiFi/LTE/5G) together with various interfaces such as camera connection, it becomes possible to process video streaming from surveillance cameras on-site (at the edge) and in real-time. EDGEMATRIX's Edge AI Boxes can be installed across a site and then monitored using the company's platform. The platform maps the locations of multiple Edge AI Box devices installed on site, monitors their operational status and enables the devices to be controlled remotely.
EDGEMATRIX's customers can use the platform to pruchase additional AI applications from a rapidly-expanding ecosystem which allow them to implement the right solution for the right situation. This simplifies the implementation and upgrade of edge AI for processing and storing video data captured with video cameras at customer premises either outdoor or indoor. Using "Edge View" feature, it is also possible to simultaneously display on the browser a large number of AI-processed real-time videos from the field.
Partnerships like this are key to NTT DOCOMO’s efforts to integrate 5G technologies into the modern enterprise.
Zaif Siddiqi, Executive Director and Global Head of NTT DOCOMO’s 5G & IoT Business Department, comments: “When you're approaching digital transformation, there's more to it than just leveraging cutting edge technologies into new customer experiences.” Unless the needs of the customer, and the underlying market forces at play, can be truly understood, “5G doesn’t mean anything,” he explains, adding that in order to find the right contexts for deployment, “Selection of the right partners is extremely important to delivering on the potential value of 5G.”