[April 24, 2017]

Exosite Announces Exchange: An IoT Marketplace for Digital Ecosystems That Optimizes and Accelerates Connected-Product Development

Exosite LLC, a leading provider in the Internet of Things (IoT) platform market, today announced Exchange, a curated library of reusable IoT elements, including industry-proven services, products and content, that enable industrial manufacturers to rapidly solve common IoT challenges. Exchange helps organizations implement a centralized approach to IoT development that focuses on standardization, reuse and collaboration to reduce costs and avoid duplicated efforts. With Exchange, organizations can expect to slash development costs by 50 percent and accelerate time-to-market by 30 percent, making the economics of IoT much more feasible.

Large organizations entering the IoT world quickly realize that developing an IoT digital ecosystem can be expensive and time-intensive, and attempting to execute this process multiple times within the same company can be a recipe for failure. In an attempt to alleviate these challenges, traditional IoT marketplaces have offered links to separate services, but those services still require manual integration and management. Exosite's Exchange is the first marketplace of its kind to offer pre-integrated elements specifically tailored to the needs of industrial manufacturers that can be added to a solution with the click of a button, resulting in a more seamless, customized experience for end users. Exchange also provides the arhitecture needed to share and reuse elements across divisions, establish IoT standards and best practices, and integrate with other business systems to dramatically accelerate time-to-market, maximize budgets and fast-track ROI.

Exchange Key Features

• Pre-Built Elements: Exchange's proven elements provide design patterns, pre-built applications, integrations and templates for secure IoT development.
• Custom Elements: Users can design and share elements within a private version of Exchange to help internal resources quickly develop their applications using pre-approved brand standards, security requirements and communication protocols.
• Mosaic Approach: Exchange can be combined with Exosite's Mosaic process, an IoT business framework for building a centralized connected-product strategy, to develop custom elements needed for success.

"Exchange is a new breed of marketplace that not only provides elements that quickly address common IoT challenges, but also enables organizations to add their own elements for things like developer best practices and brand standards," said Mark Benson, CTO, Exosite. "With its ability to reinforce collaboration and create internal alignment, Exchange helps organizations cut cost and development time and create connected products that provide better quality and a more consistent brand experience."

More information about Exosite's Exchange IoT marketplace is available at the Parker Hannifin booth A48 in Hall 23 at Hannover Messe (News - Alert), April 24-28 in Hanover, Germany.

To learn more about Exchange, visit: exosite.com/iot-marketplace

About Exosite

Founded in 2009, Exosite LLC, is an IoT software platform company that allows businesses to strategically leverage the revolutionary world of connected devices. Exosite's cloud-based services enable the world's leading original equipment manufacturers (OEMs) in consumer, commercial and industrial markets to quickly build and deploy solutions that accelerate the IoT generation of their business. The company is headquartered in Minneapolis with additional offices in North America, Asia and Europe. For more information, visit www.exosite.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20170424005234/en/

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