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SensorLogic Selected as One of Five Finalists for 'The Next Big Thing' at Enterprise 2006

October 2, 2006
SensorLogic Selected as One of Five Finalists for 'The Next Big Thing' at Enterprise 2006. Check it out:
SAN FRANCISCO --(Business Wire)-- SensorLogic Inc., www.sensorlogic.com, a leading provider of on-demand software applications that wirelessly connect machines and assets to enterprise systems, today announced the company has been selected as a "Next Big Thing" finalist at Enterprise 2006. SensorLogic's CEO, Ray Hood, will discuss the future of monitoring and controlling assets though terrestrial and satellite networks in a presentation on October 10th. The conference, produced by The Sand Hill Group, will also feature NetSuite, OutlookSoft, SOA Software and Zimbra.



"Wireless control of corporate assets creates breakthrough opportunities for companies to generate new sources of revenue by tying machines and other assets back into their enterprise systems," said Ray Hood, CEO of SensorLogic. "We have long known that linking the 'real world' to enterprise systems is one of the hottest innovations in the software market, and Enterprise 2006 has taken notice."

Recently, SensorLogic illustrated the widespread feasibility and adoption of their solutions when it announced that the company had achieved a milestone of more than 10,000 activations in a single quarter. "We have seen the growth of mobile-to-mobile solutions," said M.R. Rangaswami, co-founder at The Sand Hill Group. "The Next Big Thing honor has been designed to recognize companies that are building businesses capable of growing and thriving in today's economy, and SensorLogic is strongly positioned to capitalize on its opportunity."

The track record for the Next Big Thing is impressive: to date, five past Next Big Thing presenters have been acquired for more than $2 billion - with several others in the pipeline with bright prospects.

According to McKinsey & Company, the machine-to-machine (M2M) market is estimated to grow to $100 billion by 2010 for U.S., Japan and Western Europe combined.

Enterprise 2006

The Sand Hill Group's annual Enterprise Conference brings together CEOs and leaders from diverse segments of the enterprise software industry to candidly share ideas and opinions, and debate strategic issues of common interest. The conference draws 200 of the "who is who" in the Enterprise and technology markets. See http://www.sandhill.com/conferences/enter2006.php. Each year, the entire conference surplus goes to the non-profit SHG Foundation. The Sand Hill Group is an investment and consulting group based in the San Francisco Bay Area. See http://www.sandhill.com/sandhillgroup/foundation.php.

SensorLogic

Headquartered in Addison, Texas, SensorLogic helps companies get more value from their assets by enabling remote monitoring, control, and optimization. We offer an on-demand Platform for creating the business rules and processes for almost any type of equipment. Through our "Hybrid Network" we can communicate with these assets via satellite, cellular, or wireline carriers. Taken together, SensorLogic's Platform and Hybrid Network create an unbeatable solution for creating "smart services" that drive new sources of revenue for our partners. SensorLogic's investors include Boston Millennia Partners, Sevin Rosen Funds, Hunt Ventures, STARTech Early Ventures and Star Ventures. Contact: [email protected].


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