Tokyo-based Yokogawa invests in Belgium's Waylay for service expansion

Yokogawa Electric Corporation based in Tokyo has invested an undisclosed amount in the equity round of Waylay, an IT firm offering digital unification software in Belgium, to expand services in digital technologies.

• The investment will enable the scaling of Yokogawa's cloud portfolio of applications and improve the market reach of Waylay.
• Yokogawa and Waylay's partnership will enable their customers to access faster operationalization of complex and custom cloud-native solutions through the development of minimal-coding-required software.
• Customers will also be able to access enterprise solutions in utilities, smart buildings, telecom, and data centres on the Yokogawa cloud.