Roambee Named an IDC Innovator in Geospatial Traceability and Analytics in Supply Chain Study

Santa Clara, CA - February 22, 2018 - Roambee, the Internet of Things (IoT) smart logistics and asset monitoring company, today announced it has been chosen as an IDC Innovator in the newly released IDC Innovators: Geospatial Traceability and Analytics in Supply Chain, 2018 (doc #US43316517, DECEMBER 2017) report [1]. For an excerpt of the report click here.

According to the IDC Innovators report, "IDC Innovators are emerging vendors with revenue under $100 million that have demonstrated a groundbreaking business model or an innovative technology or both."

IDC Research Manager Victoria Brown details Roambee's key differentiators: "Roambee not only creates tracking information via its "Bee" device but also has a platform to contextualize the information and enable live-time analysis of the information. The combined ecosystem of IoT device, IoT platform, and outbound API offering to pass information through partners allows Roambee to compete in several different areas of the market."

"Recognition as an IDC Innovator in supply chain geospatial traceability and analytics by one of the most pronounced thought leaders in the industry is evidence of Roambee's market value to improve operational efficiencies, limit loss and increase enterprise profits," said Sanjay Sharma, CEO, Roambee. "Now more than ever, it's vital for enterprises to digitize their supply chains and realize the multiple benefits, including agility, transparency and visibility. With Roambee's approach, we combine flexible sensor devices and our IoT platform allowing customers to transform their supply chains from cost centers into strategic growth engines."

For more than a decade, granular visibility for individual package delivery and asset management inside, outside and in-transit has been an issue for companies. According to the 2017 Supply Chain Worldwide Study, 77 percent of firms either have no or restricted visibility into their supply chain. Current market solutions such as RFID are too labor intensive and costly. Conventional beacons' conditional monitoring is limited and GPS doesn't offer this capability at all.

Roambee's BeeBeacon and Bee help enterprise customers around the globe quickly locate packages, and signal when spoilage and tampering risks are present whether inside voluminous warehouses, outside in vast equipment yards and at every point in transit. With Roambee's on-demand, pay-as-you-go service, for as little as $1 per month, an enterprise can quickly scale to monitor hundreds of thousands of packages, and see immediate returns.

"To meet consumer demands and gain a competitive edge, enterprises are forced to look at cost centers, including the supply chain, in ways they've never had to before. Now they must have a keen eye on traceability in order to limit their risk, streamline operations and save costs," said Victoria Brown, research manager, Global Supply Chain Execution, IDC Corporation. "Roambee's end-to-end IoT platform with the Bee and BeeBeacon sensor devices provide granular visibility for customers to track and monitor the condition of their packages at all stages of transport. These analytics allow them to make smarter decisions during shipping and in the future."

About IDC Innovator
IDC Innovators reports present a set of vendors - under $100M in revenue at time of selection -- chosen by an IDC analyst within a specific market that offer an innovative new technology, a groundbreaking approach to an existing issue, and/or an interesting new business model. It is not an exhaustive evaluation of all companies in a segment or a comparative ranking of the companies. Vendors in the process of being acquired by a larger company may be included in the report provided the acquisition is not finalized at the time of publication of the report. Vendors funded by venture capital firms may also be included in the report even if the venture capital firm has a financial stake in the vendor's company. IDC INNOVATOR and IDC INNOVATORS are trademarks of International Data Group, Inc.

About Roambee Corporation
The Roambee Corporation is a Silicon Valley company transforming logistics and asset management outside the four walls of global enterprise. Founded in 2013, Roambee is the first Internet of Things smart logistics and asset monitoring company that delivers on-demand real-time visibility, tracking and condition monitoring for goods and assets in-transit and in-field.

The company uses proprietary sensor, software and cloud technology to deliver, report and analyze data worldwide. With Roambee, customers gain greater control over their goods and assets, increased business efficiencies and improved mitigation of risk. Roambee is backed by Deutsche Telekom Ventures and other Silicon Valley investors. www.roambee.com