Founded as an offspring of Denmark’s mobile cluster in 2005, Xtel, which is located in Aalborg near the city’s university campus, consists of more than 50 highly specialised hardware and software development experts. In recent years, the company, which originally specialised in the wireless technology of mobile phones, has expanded greatly into what is known as the Internet of Things. By helping companies connect their products to the internet, Xtel has helped numerous companies of all sizes create new business opportunities and revenue
streams. IoT has changed the perception of how companies should approach their current business models as it facilitates a transition from selling a stand alone product to a product and service.