Thalwil, Switzerland – 16th January 2020 – LORIOT announces a new management structure to strengthen operations and continue its transition from startup to scaleup.
2020 marks the 5th year in which LORIOT has been successfully active in the IoT market.
As of today, LORIOT has organically grown to 21 employees located at offices in Switzerland (HQ), Spain and Hungary. With several nationwide rollouts, and managing major LoRaWAN® projects, LORIOT leads with a global presence in a healthy, expanding sector.
Vit Prajzler and Julian Studer established LORIOT in 2015 at its current headquarters in Zurich, Switzerland.
In the last year, Vit Prajzler re-located to the USA to expand the US market for LORIOT in conjunction with the support of the Swiss Innovation Agency. With a positive stay and family reasons, Vit Prajzer will now remain permanently to settle down in the USA.
Due to the operations team at LORIOT currently being based in Europe and the rapidly expanding European market remaining the primary target, the LORIOT board and management have agreed to consolidate the full c-level management in Europe and keep the technical team in Spain and Hungary.
From the 1st of February 2020, the new management structure is as follows:
As co-founder of LORIOT, Vit Prajzler has built up the technical team and led the development of our products which today count as one of the leading products worldwide. Our target was to build up an independent and highly-skilled technical team that by 2020 is fully operative with Vit Prajzler in a supporting advisory position. Beginning the 1st of February, Vit Prajzler, as President of the Board, will focus on his strategic role to support LORIOT and take it to the next level.
With a new structure, the management board can lead operations more efficiently and ensure the ongoing delivery of services, customer satisfaction and further accelerate the growth of the company. LORIOT is now in a position to complete its transition from a rapidly growing startup to a consolidated, stable, healthy and scaling up global IoT company.
LORIOT is a global IoT company providing long-range infrastructure for the Internet of Things.
Due to a unique positioning in the LoRa® ecosystem as both software provider and network operator, we are able to provide one of the most powerful and complete solutions in the market. Our core product is a software for scalable, distributed, resilient and secure operation of LoRaWAN® networks and end-to-end applications that dramatically reduces time to market for our clients.
We offer the network infrastructure to set up, operate and maintain a radio network, integrate sensors and communicate with them over a secure and reliable connection.
Already operating in over 140 countries worldwide, LORIOT is one of the leading LoRaWAN® network solution providers.
LORIOT AG
Julian Studer
E-Mail:
Web: https://loriot.io
