C.E. Info Systems’ Investment in Iwayplus Analyzed

C.E. Info Systems is putting money into a new company called Iwayplus. This investment is worth Rs 2 crore (about $2.5 million). They’ll do this by buying shares in Iwayplus, and these shares will turn into regular shares later on. This means C.E. Info Systems is trying to grow its business by supporting new ideas and technologies.

Key Points

• C.E. Info Systems invests Rs 2 crore in Iwayplus shares.
• Investment aims for 6.06% stake in Iwayplus, fully diluted.
• Iwayplus focuses on indoor navigation solutions and wayfinding.
• Services include mapping, GPS, apps, and hardware integration.
• Clients span hospitals, campuses, airports, and retail locations.
• This supports C.E. Info Systems’ strategic technology portfolio.

What is Iwayplus?

Iwayplus is a young company building technology that helps people find their way inside big places. They create maps and apps that work like GPS, but for inside buildings. They use small devices like Bluetooth beacons to track your location.

Think about it like this: When you’re in a giant mall, an Iwayplus app can show you exactly where to find the stores you want, without you needing to ask someone. They build maps and apps for places like hospitals, schools, airports, and museums.

How Does It Work?

Iwayplus uses special software and small devices to figure out where you are inside a building. These devices send signals that the software uses to pinpoint your location. It’s similar to how your phone uses GPS to find you outside.

They don’t just make the maps. They also install and set up the hardware, and they provide ongoing support to help the businesses using their technology.

Why is C.E. Info Systems Doing This?

C.E. Info Systems is looking for ways to grow its business and try new things. Investing in Iwayplus allows them to experiment with indoor navigation, a technology that could be useful in many different industries. It’s a smart way to see if this new technology can help them grow.

This investment fits with C.E. Info Systems’ overall plan to support innovative technologies and broaden its business offerings. They’re trying to stay ahead of the curve and explore new opportunities.

“Strategic investments like this demonstrate C.E. Info Systems’ commitment to embracing forward-thinking technological solutions for future growth.”