IIoT Leader AMI Global Attracts Equity Funding from Cimbria Capital

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Feb 15, 2017, 11:15 ET

LAS VEGAS, Feb. 15, 2017 /PRNewswire/ -- AMI Global (AMI), a leader in Industrial Internet of Things (IIoT) solutions, today announced a growth equity investment from private equity firm Cimbria Capital. The equity injection is aimed to increase and accelerate the global adoption of AMI's IIoT solutions for leading industrial systems and equipment manufacturers. AMI is currently a preferred provider of end-to-end IIoT solutions for a number of Fortune 500 clients and global Original Equipment Manufacturers (OEMs).

AMI's IIoT solutions are considered best-in-class due to the strength of their encrypted security, inter-operability with other machines, and customized cloud and app-driven capabilities. AMI's IIoT systems enable customers to connect remote assets to the Internet, providing new data collection capabilities as well as management of these assets for improved productivity, efficiency, safety, and predictive analytics.

"Cimbria is proud to invest in AMI and to support their continued growth in the IIoT sector through our value-add program and management expertise," said Brian V. Iversen, Managing Director of Cimbria Capital. "Beyond possessing a world-class technical team, AMI has the unique ability to bridge the gap between technology, adoption, and implementation for large industrial clients in need of IIoT strategies."

OEMs are engaging AMI because of their unique ability to produce affordable, trusted, and reliable end-to-end IIoT solutions that can be rapidly deployed into clients' existing business models. AMI's IIoT systems provide state-of-the-art innovation with limited upfront cost via the 'AMI Constellation' of hardware, software, servers, and services that connect industrial devices through the cloud to the end-user anywhere in the world.

"Cimbria Capital adds significant strategic value and business development potential as a hands-on private equity investor," added David Drake, CEO of AMI Global. "Cimbria's operational guidance and global networks will help us access even more opportunities to build the next-generation of connected industry."

"Cimbria's investment proves that AMI's hardworking and results-oriented team is building a legacy of performance within the IIoT sector," added Ori Peled, CTO of AMI Global. "We are confident that AMI's clients will benefit even further from the innovation and strategies Cimbria's investment will create."

About AMI Global: AMI Global is a leader in end-to-end Industrial Internet of Things (IIoT) solutions founded in 2009 with locations in the United States and Israel. AMI's mission is to securely connect devices and machines with end-to-end IIoT innovation to enhance performance of industrial companies. AMI has an existing customer base of Fortune 500 clients and global industrial systems and equipment manufacturers.

About Cimbria Capital: Cimbria Capital is a private equity firm based in Texas conducting early stage buyout and growth capital investments in the water technology and agribusiness sectors in North America and Europe.

For more information on AMI Global or Cimbria Capital, please contact Noah Sabich at [email protected]

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SOURCE AMI Global