Chesterfield, UK and Durham, NC USA — February 11, 2022 — Konektio, an industry leader in Industrial IoT (IIoT) solutions, today announced the appointment of Dr Ron Black as non-executive Chairman of the Board. Effective from Jan 17th, 2022, Dr Black succeeds Sarah Payne, of Tern Limited, who will remain a Konektio board member .
“I am very pleased to hand over to Ron and welcome him to Konektio. His technology and IoT knowledge, and global expansion experience are a great fit for the business,” said Payne.
“I am delighted to join Konektio at this key moment in their growth journey. Their SaaS product AssetMinder
® has incredible potential to drive value within the industrial and connected product world by providing real-time asset data, analytics, context, and predictions. The team has a long history in the industrial software sector and many satisfied customers are using AssetMinder
® today,” said Black.
Black, who has recently taken on the role of CEO at Codasip, the leading supplier of customizable RISC V processor IP, brings with him a wealth of technology innovation, global business scale-up, organizational development, strong funding relationships, and business success.
The news of the Dr Black’s appointment follows a £2.1 million fund-raise for Konektio in December 2021 – as well as a company rebrand from InVMA to Konektio.
“We are very excited to have Ron join us as Chairman of Konektio. We are already working on several projects where his contribution will create value and help us scale more rapidly. He has a great technology background and a strong network. His leadership and experience make him perfect for the role as we continue our expansion in North America and Europe. This year is going to be a great year for Konektio as we roll out additional AssetMinder
® modules, to help customers on their Industry 4.0, IIoT transformation journey. In addition to predictive maintenance and condition-based monitoring, AssetMinder
® will also help customers track their utility and energy usage and drive value with connected products,” said Peter Stephens, CEO.
Konektio connects the digital and physical worlds to digitally transform global industrial and manufacturing customers. Through their world-class expertise in IIoT automation solutions and services, including the IIoT SaaS product AssetMinder
®, they help organizations succeed in their digital transformation journey by enabling visibility and control of their assets across the factory and externally in the field. AssetMinder
® captures usage and performance data from smart digital sensors, providing advanced insights to unlock data-driven intelligence that optimizes processes, condition monitoring, uptime, and profitability across a range of industries including manufacturing, transportation, utilities, smart infrastructure, and food processing.
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