Amsterdam – November 19, 2020 – BearingPoint//Beyond, a digital platform solution provider, and IoT.nxt, a leading Internet of Things (IoT) platform and hardware provider, today announced they have partnered to help Communications Service Providers (CSPs) launch and monetize new vertical offerings at speed and at scale. By integrating BearingPoint//Beyond’s digital marketplace solution with IoT.nxt software and vertical solutions, the partnership will enable CSPs to sell, provision, abstract data and monetize a growing number of 5G/IoT solutions.
With 72.8% of CSPs believing most of their 5G revenues will come from B2B segments according to a recent study, it is imperative that CSPs will serve enterprises and SMBs with vertical solutions integrating connectivity with IoT and Edge technologies. But the challenge is, that often CSPs do not know where to begin. This partnership was created to provide the launch pad to help CSPs close that gap, giving them the confidence to move up the value chain and start selling 5G, IoT and Edge-led solutions to enterprises and SMBs with ease, speed and confidence.
Using the BearingPoint//Beyond digital marketplace solution, CSPs can sell and monetize new, attractive, integrated, easy-to-buy, easy-to-consume solutions. IoT.nxt’s out-of-the-box and configurable vast vertical use cases library, with its intelligent field gateway Raptor™ and its Commander platform, then furnishes CSPs and their enterprise customers with hundreds of end-to-end use cases that, along with connectivity, are ready to be developed, buy, resell and consume.
The marrying of BearingPoint//Beyond and IoT.nxt’s capabilities include:
“By combining IoT.nxt’s solution with BearingPoint//Beyond’s digital marketplace, we provide CSPs with the agility to move quicker and act faster."
Angus Ward, CEO, BearingPoint//Beyond
"This has never been more important as we know that currently, only one in five early enterprise 5G deals are CSP-led. Added to the fact that connectivity will only account for 5% of the total IoT revenue opportunity by 2025, CSPs must take action and deliver solutions that the enterprise is demanding that are simple to buy, fast to implement and simple to consume. We believe this partnership will give them both the tools and the confidence to achieve this. IoT.nxt’s unique portfolio of use cases and their ability to abstract data at the edge or in the cloud, combined with our Digital Marketplace solution is truly a winning formula,” said Angus Ward, CEO, BearingPoint//Beyond.
“Whether in transportation, manufacturing, customer service or consumer business, IoT is everywhere and enabling a world of new opportunities and uses cases. CSPs understand the potential revenue streams that IoT can make possible but struggle to take the risk. To help them overcome this challenge and capitalize on the vertical opportunities in front of them, partnering with BearingPoint//Beyond and combining our horizontal digital fabric with their digital platform capabilities was the perfect way to do that.”
Nico Steyn, co-founder and CEO, IoT.nxt
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IoT.nxt’s unique technology stack bridges the gap between all protocols in the industrial ecosystem, creating a single integration/translation point. Its patented RaptorTM gateway allows organizations to retrofit all existing legacy systems with no rip and replace. A powerful data abstraction model further translates anything and everything from the edge, supporting a true subscription based big data model. IoT.nxt has won multiple awards, including the enterprise solution category and overall award in the MTN Business IoT Award 2017, South Africa. The IoT.nxt head office is based in South Africa and it operates offices in The Hague, The Netherlands. Texas, USA and London, UK.
BearingPoint//Beyond is a rapidly growing SaaS-based BSS and digital platform solution provider helping organizations to reinvent their business model and grow revenue by utilizing digital platforms and partner ecosystems.
Our digital platform solutions are designed to help businesses experiment, launch and monetize new offerings at speed, with minimum risk and cost; building connections between technologies and partners, enabling them to collaborate, co-innovate and expand reach with an ecosystem of partners while taking advantage of new technologies such as cloud, IoT, AI, 5G and more. This brings organizations closer to their customers, helping drive higher efficiency and automation, to become more agile in the face of competition.
BearingPoint//Beyond is owned by BearingPoint.
BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three business units: The first unit covers the advisory business with a clear focus on five key areas to drive growth across all regions. The second unit provides IP-driven managed services beyond SaaS and offers business critical services to its clients supporting their business success. The third unit provides the software for successful digital transformation and regulatory requirements. It is also designed to explore innovative business models with clients and partners by driving the financing and development of start-ups and leveraging ecosystems.
BearingPoint’s clients include many of the world’s leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 75 countries, engaging with them to achieve measurable and sustainable success.