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Technology Other News 18 Feb 2019 Ireland’s Magn ...

Ireland’s Magnet Networks launches its award winning IoT solutions in India

DECCAN CHRONICLE
Published Feb 18, 2019, 4:18 pm IST
Updated Feb 18, 2019, 4:18 pm IST
Magnet Networks was recognised as one of Ireland’s top 100 companies in 2018.
By locating in India, Magnet Networks is able to provide ‘in-country’ technical and support services to its largest global clients.
 By locating in India, Magnet Networks is able to provide ‘in-country’ technical and support services to its largest global clients.

An Irish company’s technology is enabling a new way of smart living and redefining the traditional rental model globally. Dublin-based Magnet Networks - leading IoT solutions, Telecommunications, Data Connectivity and Security Services provider, offering solutions to homes, businesses and enterprise customers has grown from its headquarters in Ireland to offices in London, United States, Australia, Singapore and has now expanded to India. Ms Isha Saraf, Regional VP South East Asia and India, will be heading Magnet’s business in India.

By locating in India, Magnet Networks is able to provide ‘in-country’ technical and support services to its largest global clients. Since 2016, along with providing connectivity solutions throughout Europe, US and India for some of the world’s largest brands, Magnet Networks have provided professional services to many organisations and government agencies seeking to understand, develop and deliver on a Smart City Vision- be it Smart Buildings, Smart Metering, Smart Toll Booth Management solutions, and more. Magnet Networks is a leader in world class IoT enabled solutions.

 

The Government of India’s policy think-tank, the National Institution for Transforming India (NITI Aayog), predicts that the urbanisation rate in India would increase to over 60% in the next 30 years, assuming the rate of economic growth at 7%-9%.  With such market potential and experience gained from projects within Europe -  in particular, working on one of Europe’s largest Smart City developments ‘Wembley Park’, London - Magnet Networks has substantially increased its investment to grow in the Asian market by establishing a permanent commercial and sales presence in Mumbai and Pune.

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