Quick Take
GE (GE) has agreed to acquire Israeli-Japanese IQP Corporation for $30 million to $40 million, according to a Haaretz report.
IQP has created an Internet of Things [IoT] optimized development environment for apps that doesn’t require knowledge of code in order to program applications.
GE is acquiring IQP to provide an easy-to-use interface to drive faster adoption of its Predix IoT platform.