SyBridge Technologies, a Southfield-based global design and production solutions provider, announced today that it has completed the acquisition of Royal Oak’s ToolStats software along with exclusive rights for related intellectual properties from CaptureMore.
With this acquisition, SyBridge soon will launch SyBridge IoT Cloud, which will provide customers a cloud-based, digital services offering to more efficiently manage products throughout their lifecycles, from design to manufacturing to service and repair.
It marks an important expansion in the digitization of manufacturing solutions offered by SyBridge, according to the company.
A large technical solutions provider for tooling and mold users in North America, SyBridge states that with the acquisition it will now be the most technologically advanced company in its sector and offer the broadest scope of digital services in the industry.
After incorporating the cloud-based platform, SyBridge states it will offer end-to-end digital solutions to achieve industry-leading turnaround time and help customers improve quality, throughput, and uptime.
“This acquisition allows us to launch SyBridge IoT Cloud to make everything we do more accurate, more efficient, and more valuable to our customers,” says Tony Nardone, CEO of SyBridge. “What we are accomplishing goes beyond just collecting and storing data in the cloud with easy access on mobile devices. Our aim is to provide solutions that make our customers more effective and efficient. Not just hardware, but hardware combined with software and Industry 4.0 driven data solutions.”