“Companies’ ability to adapt and thrive in this new era of the Internet of Things is likely to determine who the next set of winners and laggards will be in the new connected age.” – Simona Jankowski, Goldman Sachs
Today, the explosion of data, driven by trends such as the “Internet of Things” presents enterprises with the challenge of managing and extracting critical intelligence from it. At the same time, continued understanding of the IoT and its evolution for commercial and consumer markets enables the very same enterprises to prioritize need with innovation and provide relevant solutions to its customers. With R&D and innovation as its USP, Telkonet Inc. has put this opportunity to the best use and has established itself as a leading IoT provider for commercial markets, since EcoSmart’s inception in 2011.
With an interesting journey that began with Telkonet functioning as a provider of products for networking over low voltage power line infrastructure, Telkonet expanded its operations quickly, and today, has offices spread across Milwaukee- WI, Waukesha- WI and Germantown- MD. In 2007, the company indulged in two major acquisitions and redefined its business strategies. The first acquisition was of EthoStream, a company that designed, installed and supported High-Speed Internet Access (HSIA) networks within the Hospitality market. The second acquisition was of a manufacturer of HVAC controls equipment located in Las Vegas, NV. This company, then named Smart Systems International (SSI), manufactured energy-saving HVAC controls for the Hospitality market. The technology acquired through this transaction became the root of Telkonet’s current EcoSmart platform, the second division within Telkonet today.