Rakon buys stake in Australian start-up Thinxtra for A$800,000

Thu, 17 Dec 2015

By Paul McBeth Dec. 18 (BusinessDesk) - Rakon, the high-tech components manufacturer, has bought an 11 percent stake in Australian start-up Thinxtra for A$800,000, seeking exposure in expanding machine-to-machine (M2M) connectivity, known as the Internet of Things (IoT). The Auckland-based company said Thinxtra plans to launch operations in Australia and New Zealand in the second quarter of next year, offering a network, products and services for machine-to-machine communications. Thinxtra's website doesn't provide more detail on those s...

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