Loop Insights partners with global IoT consulting services firm NTT DATA Corp of Japan

Loop Insights Inc (CVE:MTRX) (OTCQB:RACMF) announced Thursday the signing of a global partnership agreement with NTT DATA Corp of Japan, a global leader in technology services and a top-ranked global Internet of Things (IoT) consulting and system integration services company with $US20 billion in revenue in 2020. In a statement, Loop Insights said both companies are working towards a finalized agreement with no financial commitments agreed upon at this time.  Loop Insights said it and NTT DATA intend to combine their respective strengths to create new recurring revenue models for both companies.  READ: Loop Insights names Mark Lotz its new CFO as it eyes rapid business development For example, the NTT Smart platform, first introduced as a solution in building smarter, more connected cities, is now the cornerstone for its Back to Business Application. Integrating Loop’s Insights and automated marketing capabilities with the NTT Smart Platform in a seamless manner is an obvious fit for both companies, each of which stands to benefit from the integration. “Our partnership with NTT establishes Loop Insights as a global provider of IoT solutions for Venue Bubbles and Artificial Intelligence-driven automated marketing,” said Loop Insights CEO Rob Anson. “As a result of this partnership, Loop will be exposed to global opportunities never thought possible earlier this year. For example, Loop’s successful live deployment of its Venue Bubble solution and its published capabilities with respect to its Travel Bubble solution will be the subject of work on major projects with NTT DATA." Contact the author: patrick@proactiveinvestors.com Follow him on Twitter @PatrickMGraham