The Sevillian based Spanish company Wellness Telecom, an IOT, Energy Efficiency and Smart City solutions specialists announced today that it has entered into a definitive agreement for the Series-A round of financing.
The 100 plus strong company with solutions deployed across 200 cities, permanent operations in Spain, Mexico and the United States, and projects in more than 60 countries, has signed up with Enzen, a global energy and water company headquartered in India with presence in over 12 countries. This strategic investment will help the company aggressively expand its international reach in key geographies like US, Scandinavia, Germany, UK or India, as well as broaden and accelerate the smart city and IOT products and solutions development. The company also plans to significantly expand its workforce by 25 percent in the next 12 months to meet the growing demands.
Wellness Telecom utilizes the convergence of technologies to design innovative solutions in the fields of Smart Sensors, Communications, Cybersecurity, Big Data and Predictive Analytics to offer to the market a complete architecture on which to build and make use of IoT applications, from sensorisation to the smart analysis of data.
“By leveraging the convergence of state-of-the-art technology, smart sensors, communications and cyber security and with a deep understanding of urban landscapes and their efficiency challenges, Wellness is well-positioned to be a game changer and reshape global cities and their infrastructure” said Kutty Prabakaran, the CEO of Enzen Group.
“This investment will enable us to build up the necessary resources to successfully take on an ambitious international expansion along with Enzen, an enterprise which has a great international trajectory, currently with a presence in India, United Kingdom, South Africa, Dubai, Turkey, Kazakhstan and Australia. These add to the headquarters which Wellness currently has in Spain, USA and Mexico, and our next openings in Germany and Scandinavia. Furthermore, it will allow us to continue to invest in and support research and development, thus offering the most innovative products on the market in the field of IoT.” David García Ternero, Founder and CEO of Wellness Telecom.
The Enzen Group is a global, professional, knowledge practice that focuses on gaining, refining and sharing expertise in the energy and utility sector; providing strategic advisory and delivering outcome-driven solutions to leading businesses, governments, non-governmental organizations, and not-for-profits. Enzen works with customers across the value chain to deliver sustainable and lasting improvements to their efficiency and performance, adding value to their bottom line.
Founded in 2006, the Enzen has grown and developed across the globe, with a presence in the UK, India, Australia, USA, Spain, Turkey and Kazakhstan.
About Wellness Telecom
Wellness Telecom offer services and products focused on improving the efficiency and processes of cities and private companies thanks to their end-to-end IoT solutions.
In the Smart Cities sector, they have spent many years working on the IoT concept in the fields of energy efficiency, the environment and mobility, with solutions such as WeLight and Quamtra, which are already leaders in the markets of intelligent public street lighting and smart waste management, respectively.
With central headquarters in Seville, and founded in 2008, the firm has offices in Malaga, Madrid, Mexico City and the USA and presence in more than 200 cities and 100 private companies, across more than 60 different countries worldwide.