Exosite Kicks Off 2019 After Year of Record Growth

Annual software-as-a-service revenue more than doubled in 2018

Minneapolis, MN – WEBWIRE – Tuesday, March 5, 2019

Exosite LLC, a leading provider in the Industrial Internet of Things (IIoT) market, today announced that it kicked off 2019 after a year of impressive growth. In 2018, Exosite experienced strong customer response to the launch of its vertical IIoT solutions, including ExoSense™, a ready-to-deploy condition monitoring application that provides operational insight into high-value industrial assets, systems and equipment.

2018 highlights for Exosite include:

A more than 100-percent increase in annual software-as-a-service (SaaS) revenue, due in part to key customer acquisitions in industrial markets.
A 50-percent increase in the number of customer devices on its IoT software platform, resulting in the highest platform device count in the company’s ten-year history.

“Exosite continues to be in growth mode—2018 was an exciting year of record-breaking SaaS numbers and the launch of our vertical IIoT software solutions that enable specific industry use cases,” said Hans Rempel, founder and CEO, Exosite. “The success we’ve seen over the last year is a direct result of our ability to deliver solutions that meet the needs of our customers in the IIoT market. ExoSense specifically enables best-in-class features for industrial remote condition monitoring applications and provides unique tooling that allows our customers to digitize, deploy and reuse their industry know-how as part of a differentiated IIoT solution. ExoSense also makes it easy for sensor and gateway manufacturers, service providers and distributors to offer one or more white-labeled connected solutions.”

About Exosite

Since 2009, Exosite LLC, has pioneered IoT software solutions. Based in Minneapolis, with offices around the globe, the Exosite team possesses a wealth of experience and expertise in IoT technology and business strategy. Exosite engages with leading manufacturers, providing complete connected solutions, an enterprise software platform, and a rich ecosystem of tools and partnerships to quickly guide connected-product concepts to marketable IoT applications. Visit www.exosite.com to learn more about how Exosite powers digital transformation.