Spark NZ to take a significant shareholding in Adroit

Today Spark New Zealand and leading environmental Internet of Things (IoT) provider Adroit announced that Spark will take a significant shareholding in Adroit, which will boost both organisations’ potential to support customers with innovative IoT solutions. Adroit will also appoint two Spark-nominated directors to its five-person Board.

Mark Beder, Spark Technology Director, says this strategic investment into Adroit reinforces Spark’s commitment to IoT as a key future growth market for the business.

“Our three-year strategy identifies IoT as a key futuremarket, and in the last financial year we saw strong revenue growth and an 83%increase in connections. By further strengthening our partnership with Adroit we hope to accelerate this growth even further.”

Tony Agar, Spark IoT Lead, says he is excited about the possibilities the expanded partnership will offer New Zealand businesses.

“We’ve been partnering with Adroit for some time now and have already implemented IoT solutions for a range of customers. We worked together to implement a real-time water quality monitoring solution for Mercury NZ’s Waikato River catchment, and Adroit’s IoT solutions for air and water quality and soil and weather monitoring feature in our Innovation Studio, which we launched last year.

“This investment strengthens our already successful partnership and will help us accelerate the adoption of sustainable monitoring solutions to enable healthier, more environmentally friendly communities through the power of IoT.” 

Adroit specialises in environmental IoT technology and has developed innovative solutions for key sectors including aquaculture, agriculture, construction, manufacturing, and environmental compliance. Adroit’s solutions go beyond monitoring environmental impact, providing insights that improve
operational decision-making, such as helping plants or seafood to grow faster with less mortality, or reducing water or electricity use.

Adroit CEO, Blair Stewart, says, “We’re seeing significant demand for IoT environmental monitoring as businesses become aware of the technology’s capabilities and benefits.

“Spark’s investment in Adroit and our close partnership enables us to meet this demand while continuing to operate as a specialist player – whether that’s for a family-owned market gardener like Auckland’s Hira Bhana, right through to corporates and local government.”