Verizon Acquires Sensity Systems
Sep 12 2016
Sensity uses "energy-efficient LED lighting as the foundation for its IoT platform for Smart Cities. The company enables light owners to capitalize on the LED conversion process by embedding networking technology within both retrofit and new LED luminaires."
Mike Lanman, senior vice president - Enterprise Products and IoT at Verizon, said: "Sensity is a leading provider of IoT solutions for smart communities with a strong ecosystem of partners, and this transaction will accelerate the deployment of large-scale implementations that will drive the digital transformation of cities, universities and venues. Verizon is uniquely positioned through its infrastructure investments at the network, platform and application levels to provide holistic solutions that empower communities to address their most pervasive challenges."
+ Financial terms were not disclosed
+ This comes on heels of Verizon's purchase of Telogis in June, also for an undisclosed sum, and Fleetmatics for $2.8 billion in August
+ Founded in 2010, the company had raised close to $75M in venture capital to date