Internet of Things? Internet of Everything?

We help our customers to achieve their business goals by integrating Internet of Things based solutions in their products and services.

Our advising services aim to give an answer to questions such as how Internet of Things will affect existing business models, what new business models and opportunities it brings, how to calculate the Return on Investment (ROI), how to proceed with the integration and how to communicate that inside the organization.

You want to know


what Internet of Things is
how it will affect your business
the opportunities and challenges
the posibilities for your business

You need assistance


adapt your business models and goals
design proper Internet of Things solution
estimate the financial benefits and costs
plan and integrate the solution and analyze rezults

We bridge the gap between businesses and technologies

1. We analyse the current processes and related technologies and nail down the areas for improvement based on your business goals
2. Based on selected efficiency improvement areas we propose a number of tailored IoT-based solutions
3. For all appropriate solutions we estimate the financial benefits and resources required (time and budget) and come up with the solution fitting our client’s needs.
4. We consult on the integration of your equipment with the approved solution and help define what data should be collected based on your business goals
5. At regular intervals we analyse the results of the integration, compare them to the planned goals and expected results and prepare recommendations for possible improvements

UltraFlex Power Technologies

Remote service and support

By embedding HutGrip, they now offer new services to their customers resulting in new revenue channels, high quality customer service, better warranty and maintenance services for the customers all over the world.

TPC Printing & Packaging

Avoid Breakdowns
Printing and Packaging Industry

There is no practical way to check the temperature in critical locations where a bearing might overheat and cause multiple failures. HutGrip takes measurements in real-time and sends the data to the Cloud service every minute.

Diversified Companies, LLC

Identify System Problems
Printing and Packaging Industry

Diversified Companies used HutGrip’s platform to see exactly how the equipment is functioning depending on the changing environment, measure efficiency and diagnose problems when they have malfunctions.

more projects >>

results before

problems are solved after their occurrence

obtaining data is hard and slow

insufficient performance data

significant human factor

expensive technical support and large support teams

slow and expensive research and development

loss of customers and damaged company reputation

and after

preventive actions

fast access to data

complete current and historical performance data

high level of automation

fast, high-quality technical support at lower costs

higher efficiency of the research and development

improved quality of the products and services

new services

About Us


Ivan Dragoev

Ivan graduated in Computer Science in 2006. He worked as a software architect in major international companies before founding a software development company of his own – CompletIT (rebranded later on as IndigoVerge). In May 2011 Ivan founded HutGrip to develop a cloud-based SaaS solution for manufacturing. HutGrip won numerous innovation awards and later on its team joined Gigtank’s business development program in Chattanooga, USA.
Since January 2013 Ivan is the key figure in HutGrip consulting and offers business consulting related to industrial Internet of Things. He speaks at major international and local industry innovation events like the International Plovdiv Fair, Siemens Innovation Forum, Get in the Ring 2014, Ninth National Innovation Forum and others.

Ilia Iordanov

Ilia has a Technician degree from the Technical University of Sofia and Computer Engineering degree from Front Range Community College, Colorado. He is a long-term business partner of Ivan Dragoev and the co-founder in CompletIT/IndigoVerge software company. Ilia has extensive business experience following 8-years of managing a software company and 2 proprietary start-up projects. He is a board member of the Bulgarian association of software companies and represents the organization at various events worldwide.
Ilia has been a business consultant on projects related to business process optimization, electric vehicles, entrepreneurship and startups.