IQP Corporation
Platform for Code-free Application Creation
Company Overview
Snapshot
Founded in January 2011 by Guy Kaplinsky, IQP Corporation operates with 1-10 employees. The company was acquired by General Electric in July 2017, marking a significant exit for the code-free application development platform provider.
Business overview
IQP Corporation develops an IoT and machine-to-machine development platform that enables the rapid, code-free creation of applications using a web-based visual programming interface. The company provides web application development tools and a run-time environment for delivering cross-platform business and IoT applications. Its platform collects diverse sensing information about people, objects, and the environment, facilitating quick responses to this data. IQP Corporation operates within the Business Software sector, focusing on IT, R&D & Data Solutions, and Industrial Technologies, serving industries such as Industrial Manufacturing and Government & City.
Strategic signal
In July 2017, IQP Corporation was acquired by GE Digital, which integrated IQP's code-free application development environment into its Predix platform for the Industrial Internet of Things. This acquisition highlights the strategic value of low-code/no-code solutions in industrial IoT, signaling a market trend towards simplified development for complex industrial applications and validating IQP's technology as a key enabler for digital transformation in the sector.
Log in to access full profile ›Company Intelligence Q&A
- When was IQP Corporation acquired?
- IQP Corporation was acquired by General Electric in July 2017.
- What is IQP Corporation's core product?
- IQP Corporation provides an IoT and machine-to-machine development platform designed for rapid, code-free application creation using a web-based visual programming interface.
- Which companies did IQP Corporation partner with in 2015?
- In February 2015, IQP Corporation partnered with Fujitsu, NEC Engineering, and KDDI to develop IoT applications.
- What was the strategic impact of the acquisition by GE Digital?
- Following its acquisition by GE Digital in July 2017, IQP Corporation's code-free application development environment was integrated into GE's Predix platform for the Industrial Internet of Things, aiming to enhance industrial IoT application development.