Australian-based global IT company Canopy Tools has announced its expansion into New Zealand ahead of its planed ASX listing in 2022.
Canopy CEO Craig Adams said New Zealand was a natural choice for the company’s global rollout given its progressive outlook on green energy and sustainability.
“We are very happy to be announcing our international expansion into New Zealand, a country with a very positive outlook on renewable energy sources and global resource sustainability,’’ Mr Adams said.
“This outlook aligns well with our IoT focus let by the Canopy platform, which distils data into actionable insight and delivers tangible business outcomes,’’ he said.
“We see enormous opportunity in New Zealand to implement IoT data monetisation and aggregation through smart management, building on the investment in smart projects.”
Mr Adams said the initial focus of the NZ expansion would be Wellington, given the government’s drive on renewable energy in the city.
Canopy Tools is a software and data product company that provides unique market changing software products backed by a team of application specialists creating solutions to bring legacy systems and software to the cloud.
Canopy’s unique value proposition is it transforms data from any IoT device to wisdom and then performs actions through software
“A staggering amount of data is collected by connected devices but very rarely is data used to its full potential. While some analysis is performed it is seldom transformed to information and wisdom outside of advertising.
“Canopy harnesses the data through ingestion, collection, analysis and then transforms the data to knowledge and wisdom which underpins actions that may be undertaken,’’ Mr Adams said.