IQP Corporation

Platform for Code-free Application Creation

Business Software
Acquired (Inactive) by General Electric on Jul 2017 - closed due to acquisition

Company Overview

Snapshot

Founded in January 2011 by Guy Kaplinsky, IQP Corporation operated with 1–10 employees. The company was acquired by General Electric in July 2017, marking a significant exit in the IoT and industrial software sector.

Business overview

IQP Corporation developed a platform for code-free application creation, specializing in IoT and machine-to-machine development. This platform enabled the rapid development of applications using a web-based visual programming interface, providing web application development tools and a run-time environment for cross-platform business and IoT applications. The company's technology focused on collecting sensing information about people, objects, and the environment to facilitate quick responses to data, serving industries in Business Software, IT, R&D & Data Solutions, and Industrial Technologies.

Strategic signal

In July 2017, IQP Corporation was acquired by GE Digital. This acquisition highlighted the strategic value of IQP's code-free application development environment, which GE Digital intended to integrate into its Predix platform for the Industrial Internet of Things. The move signaled a strong market demand for simplified IoT application development tools and validated IQP's technology as a key enabler for industrial digital transformation.

Company Intelligence Q&A

What was the primary strategic outcome for IQP Corporation?
IQP Corporation was acquired by General Electric in July 2017. This acquisition integrated IQP's code-free application development environment into GE Digital's Predix platform for the Industrial Internet of Things.
When was IQP Corporation founded and by whom?
IQP Corporation was founded in January 2011 by Guy Kaplinsky.
What was a notable partnership for IQP Corporation prior to its acquisition?
In February 2015, IQP Corporation teamed with Japanese giants, indicating early strategic collaborations in the Internet of Things market.
What kind of technology did IQP Corporation develop?
IQP Corporation developed an IoT and machine-to-machine development platform designed for code-free application creation, utilizing a web-based visual programming interface for cross-platform business and IoT apps.
What was the employee count of IQP Corporation?
IQP Corporation operated with 1–10 employees.

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