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home / news releases / EMR - Emerson Ventures invests in Spearix

EMR - Emerson Ventures invests in Spearix

Emerson Electric Company
  • Emerson Electric's ( NYSE: EMR ) corporate venture capital arm has made a strategic investment in Spearix Technologies
  • Terms of the investment were not disclosed.
  • Based in Cedar Park, Texas, Spearix offers a multi-core radio processor and associated software that is said to provide a system-level solution for Industrial Internet of Things (IIoT) wireless communication.
  • Through the investment, Emerson ( EMR ) will support Spearix's technology and early stage growth while expanding upon its own IIoT capabilities.
  • In conjunction with the investment, Emerson ( EMR ) has also entered into an engineering collaboration agreement with Spearix.

For further details see:

Emerson Ventures invests in Spearix
Stock Information
Company Name: Emerson Electric Company
Stock Symbol: EMR
Market: NYSE
Website: emerson.com
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