Planon Accelerates Its Smart Building IoT Strategy By Acquiring Axonize

Executive Summary

On June 7, 2021, real estate and facilities management software vendor Planon announced the acquisition of Axonize, the developer of a low-code, highly scalable Internet of Things (IoT) platform. To learn more about the acquisition and implications for customers, Verdantix interviewed the Planon leadership team and analysed our broader research on smart building software. Our analysis finds that Axonize will provide Planon’s customers with enhanced IoT connectivity for buildings, by bringing greater scalability and speed to IoT data collection. The combined Axonize-Planon offering will also provide a strengthened technology portfolio for facilities services firms, facilitating the delivery of demand-based services. Real estate and facilities management executives should use this report to understand the significance of the acquisition and inform their technology roadmaps.