- Selection by Microsoft to Accelerate Axeda's Product Innovation

FOXBORO, Massachusetts, Sept. 5, 2013 /PRNewswire/ -- Axeda, the leading provider of cloud-based services for building and deploying Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, announced today that the company has entered into a strategic customer relationship with Microsoft.

The agreement builds on Microsoft's devices and services strategy, which focuses on translating machine data into new insights that can be used to grow, expand and streamline operations, and improve business processes. Axeda's support will include facilitating the connectivity, two-way secure communications, and machine data streaming from industry devices across multiple Windows Embedded-based platforms.

"Our mission is to drive business growth and competitive advantage for our enterprise customers and partners through technology innovations that capitalize on the vast potential of machine data," said Kevin Dallas, general manager for Windows Embedded at Microsoft. "Axeda's support of Microsoft's platforms will help organizations translate machine data into business insights."

"This is a significant milestone for Axeda and we are honored that Microsoft has selected the Axeda Machine Cloud™ to support their devices and services strategy," said Todd DeSisto, Axeda CEO. "The addition of Microsoft to our customer portfolio is a catalyst to the acceleration of innovation within our products and overall mainstream market adoption."

About Axeda

Axeda provides the most advanced cloud-based service and software for managing connected products and machines and implementing innovative M2M and Internet of Things solutions. We reduce the cost and complexity of connecting and remotely servicing the products of the world's leading companies. Our customers use the Axeda Machine Cloud™ to turn machine data into useful information, build and run innovative M2M applications and optimize business processes by integrating machine data.

By relying on the Axeda® Platform to power their connected products, companies are transforming their business by improving customer satisfaction, reducing costs, and generating new sources of revenue. The M2M solutions behind these connected products range from remote service, fleet management, usage-based insurance, asset tracking, mHealth, and more. Join our developer community at: http://developer.axeda.com and learn more at http://www.axeda.com.

SOURCE Axeda Corporation