Lumentum(US:LITE) Prnewswire·2025-06-24 10:00Company Overview - Blues is a leader in IoT connectivity solutions, focusing on transforming physical products into intelligent services through secure wireless connectivity [7][8] - The company serves a diverse range of industries, including transportation, healthcare, energy, and logistics, with a mission to empower innovation by enabling cloud-connected machine intelligence for organizations of any size [7][8] Leadership Change - Ian Small has been appointed as the new CEO of Blues, bringing over 30 years of technology industry experience and a proven track record in scaling companies [1][2] - Small's previous roles include CEO of Evernote and Global Chief Data Officer at Telefónica S.A., showcasing his extensive operational expertise [5][6] Recent Developments - Blues recently closed $25 million in additional funding led by Sequoia Capital, driven by strong demand from large enterprise customers [3] - The funding will support Blues in its next phase of expansion, as the company aims to unlock its full potential under the leadership of Ian Small [4] Customer Engagement - Ian Small emphasized the importance of customer feedback, noting that early conversations revealed excitement about driving revenue and profitability through intelligent services [5] - Blues aims to make it easier and more affordable for product makers to derive actionable insights from their physical products, accelerating the time to market for new services [5] Technological Expertise - Ian Small has a background in advanced product development, having started his career at Apple, where he led teams in the Human Interface Group [6] - He holds 9 US patents, reflecting his innovative contributions to the technology sector [6]