IoT Alliance: Open Interconnect Consortium To Acquire UPnP Forum

0
832

The IoT standards body, Open Interconnect Consortium, has announced that it would acquire all the assets of UPnP Forum. In return to this acquisition, OIC will offer full-fledged membership to the members of UPnP Forum.

IoT2

As a result of this agreement, infrastructure and technologies of both the companies will consolidate and streamline, leading to increased IoT standardization. The transaction is likely to close at the end of 2015, after which the announcement regarding membership transfer will be made.

Read More: HyperCat and Open Interconnect Consortium joins hands

The status of OIC as the IoT standards body is expected to be strengthened as soon as the deal gets executed. According to a recent prediction made by Gartner, there will be more than 21 billion IoT devices in the world by 2020. At that time, the world will need an IoT standards body, which can ensure that all the devices are operated in the desired capacity. OIC has been taking many steps to ensure interoperability; acquisition of UPnP is the latest of them.

Once the deal is completed, OIC will look forward to forming a new UPnP Work Group to ensure that UPnP certification tools and specifications are maintained within the organization. Those companies that refuses to join the legacy, will need to buy legacy UPnP certifications at a pre-specified fee, details of which will be announced later.

Click here to know more about this acquisition deal.

LEAVE A REPLY

Please enter your comment!
Please enter your name here