Manufacturers

GE’s Current Acquires Daintree Networks

According to GE, 90 percent of the world’s small- to mid-sized buildings do not have building automation systems. Integrating Daintree Networks’ open-standard networked wireless control solution, ControlScope, into Current’s building automation portfolio will address that problem.

“By combining Daintree’s open-standard control and sensing technology with GE’s Predix platform, Current’s building automation platform and its energy-as-a-service offerings, we’ll deliver the industry’s first next-generation, scalable cloud-based energy management and facilities optimization platform for every building type and size,” said Maryrose Sylvester, President and CEO of Current, powered by GE. “Our combined strengths will help customers, big or small, achieve a reduced carbon footprint and increased energy savings, and provide a solution for ecosystem partners to grow.”

This acquisition brings to Current an extensive ecosystem of value-added resellers, system integrators and device partners with long-standing experience in helping enterprises deploy and optimize ControlScope in commercial, retail and industrial environments. Built to established open protocol standards, Daintree’s ControlScope technology can be deployed wirelessly and securely in almost any enterprise and ensure interoperability between products offered by multiple device vendors.

“Daintree has been in the enterprise IoT space for a long time, so we are excited to join Current in bringing customers an enhanced lighting and energy management solution that can be applied to a wide range of buildings including grocery stores, neighborhood banks and office environments,” says Derek Proudian, CEO of Daintree Networks. “Through this integration, we will help our customers achieve the promise of the Industrial Internet: greater control, lower maintenance costs and increased operational efficiencies.”

Upon completion of the acquisition, Current will integrate Daintree’s employees in California, Australia and Massachusetts into its structure.

 

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