IoT Software Business Chordant, spun off by InterDigital, Launched as Standalone Company


IoT Software Business Chordant Launched as Standalone Company

Smart City Software Leader, Backed by Investments from InterDigital and a Sony Corporation of America affiliate, Becomes Independent Company with Operator and Smart City Focus

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January 31, 2019 16:15 ET | Source: InterDigital, Inc.
LONDON and BUFFALO, N.Y., Jan. 31, 2019 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, today announced the launch of the company’s Chordant™ business as a standalone company. The spinout of the unit, which now includes an affiliate of Sony Corporation of America as an investor along with InterDigital, gives the company added independence and flexibility in driving into its core operator and smart city markets.

Chordant provides a best-in-class oneM2M standards-compliant horizontal IoT platform, as well as a world-leading real-time data marketplace launched under the oneTRANSPORT™ brand in the UK in October 2017. The company builds on more than a decade of IoT and M2M-focused research and development at InterDigital. Since 2014, Chordant and its solutions have won 13 awards from major trade shows and publications, including Best Solution for Transportation and Logistics at the 2016 IoT Solutions World Congress in Barcelona and Smart City Deployment of the Year at the 2018 IoT Breakthrough Awards for its oneTRANSPORT data marketplace in the UK.

“Launching Chordant as a standalone company gives us the flexibility and independence to drive towards success in our markets and be as responsive to customers and partners as possible,” said Mika Rasinkangas, President of Chordant. “Our heritage with InterDigital has given us a tremendous research and solution development platform, and we enter this new phase with what we feel is the best, most comprehensive and future-proof data sharing and monetization solution with underlying technology platform in the market. Our new structure and founding investors put us in a tremendous position for success.”

InterDigital has had previous success with standalone commercial initiatives. XCellAir, the company’s Wi-Fi and small cell management initiative, was spun out in 2015, and was successfully acquired by Spanish Wi-Fi service provider Fon in April 2018.

About InterDigital®

InterDigital develops mobile technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry's most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading wireless companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400® index.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.


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An open letter to anyone who will listen:

First of all, my name is Nick Vitale. I’m 36 years old and live in Milltown, N.J. I don’t know if that matters, but I thought it would be appropriate for the letter not to be completely anonymous, because it may come off as a list of grievances. I hope it doesn’t though, because that’s not really the spirit in which it’s intended.

It seems like every time I go anywhere or buy something, I’m always told, “We want to hear your feedback.” Even on the highway, I see signs on the backs of trucks asking for my thoughts on the question “How’s our driving?” And while I appreciate the offer, I’d prefer not to dial an 800 number while simultaneously tailgating a semi truck.

But every time I do respond to these invitations, be it with a tweet or a voicemail to a customer hotline, I get the sense that nobody’s listening. Not that you aren’t listening to all of us in the general “metadata” kinda sense. But I feel like you’re not listening to me, specifically. So, in the spirit of collaboration, here’s some constructive feedback.

This is in no particular order, but air travel seems like a good place to start. You guys ail seem to know that I prefer a window seat toward the front, which is great. But I think we can do better. First off, if you need ten bucks more, just charge me ten bucks more, and give me the meal for free like you used to do. Same thing with the baggage fee. Now everybody’s trying to drag their suitcase on the plane to avoid the fee, and I have nowhere to put my backpack except under the seat—which I really shouldn’t have to do, since some people are obviously shoving everything they own into the overhead.

In a related matter, all you ride-sharing services (you know who you are) are really great. But can you just fold my usual 18% tip into my fare? The one-touch convenience isn’t so “one-touch” if I have to select and enter a gratuity.

Cell phone manufacturers, I already want your latest model. You don’t need to throttle my current phone to make me want it more. Also, kudos to whoever invented that handle doohickey you stick on the back of the phone. I really dig that thing.

Cable companies: please see feecback for airlines. If I’m paying $79.99 a month, I want to pay $79.99 a month. Not $108.37. What is a “convenience fee” anyway? I don’t find it very convenient.

Gas stations, I really appreciate that some of you have started putting hand sanitizer dispensers by the pump. What’s taking the rest of you so long?

On the subject of cheeseburgers, I am generally pleased with the product and service I have received. However, it would be great if you guys could slice both the lettuce and tomato much thinner, so they don’t slide out of the bun when I bite into it. It’s a little thing, but one that I think would dramatically improve the overall experience.

Subscription services for music: Yes.

Subscription services dress socks: No.

Automakers. I absolutely love all the technology you’re putting into my dashboard. But please don’t start acting like the phone companies and build my car to stop working in three years. Because if you do, I give you my word, I’ll leave you forever. The Bluetooth audio is sweet though.

Finally, to every reasonably hotel chain I’ve stayed in for the last two years: those free breakfasts with the waffle-making stations have made me happier than you could possibly imagine. Maybe it’s just me (and it probably is), but every consumer product in America should come with free breakfast and ability for one to make one’s own waffles, if one is so inclined.

Thanks for listening. I hope it helps. And if any of you wish to discuss these matters further, please don’t hesitate to reach out.

Sincerely,

Nick Vitale
Milltown. NJ


An open letter to Nick Vitale of Milltown, NJ:

Nick,

We hear you. Thank you for your letter. We couldn’t agree more. Everybody has their likes, dislikes, preferences and things that drive them crazy. And that’s even more true when you’re a paying customer. It’s not enough for a business to listen to their customers. They need to respond and react to what customers are telling them. And relate to every customer as a distinct individual, not as just another face in the crowd.

It’s called “Experience Management.” Because in today’s experience economy, people expect better and more personal service, all the time. As well they should.

That’s why we’ve made Qualtrics a part of SAP. So that we can connect businesses to their customers and connect customers back to those businesses. In a way that turns customers into fanatics, products into obsessions, employees into ambassadors, and brands into religions.

So thanks for your feedback, Nick. Not only did we hear you, but we’re doing something to address it. We’ll be in touch soon.

Best,

Bill McDermott
CEO, SAP

Ryan Smith
Co-founder/CEO, Qualtrics





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