Augusta Systems
Intergraph Corporation | Process, Power and Marine | Security, Government and Infrastructure.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
Augusta Systems, Inc., established in 2001, carved a niche for itself as an early pioneer in the Internet of Things (IoT) sector. The company was co-founded by Patrick Esposito, who also served as its CEO. Esposito's background as an entrepreneur, attorney, and business executive, with degrees from Georgetown University Law Center and the University of Oxford, provided a multi-faceted leadership approach. Based in Morgantown, West Virginia, the venture-backed software firm demonstrated adaptability, pivoting its strategy three times during its operation.
Augusta Systems developed configurable technology platforms designed to facilitate the integration of devices, systems, and networks. The core of its business was enabling communication and collaboration between enterprise-level networks and edge assets. This technology allowed clients to connect and manage a variety of remote devices such as sensors, actuators, Radio-frequency identification (RFID) systems, and imagery devices. The platform functioned as an edge application server and enterprise service bus, intelligently processing data from these diverse sources to help organizations better manage and protect their applications. The company's intellectual property included patents for frameworks to rapidly develop sensor-enabled software applications.
The company's target market included government organizations and various commercial sectors requiring robust sensor and device integration. Evidence of its success and growth includes its placement on the Inc. 500 list. After a decade of operation, Augusta Systems was acquired by Intergraph Corporation, a subsidiary of Hexagon AB, on August 5, 2011, marking a significant milestone in its history.
Keywords: Augusta Systems, Patrick Esposito, Internet of Things, IoT platform, edge computing, sensor integration, RFID systems, enterprise asset management, device-to-enterprise, sensor network, data processing, Intergraph acquisition, Hexagon AB, venture-backed, edge application server, reconfigurable architecture, intelligent node, distributed network, systems integration, technology platform