Monday, September 12, 2016

Verizon Acquires Start-up Focused on LED Lighting

Verizon agreed to acquire Sensity Systems, a start-up focused on LED lighting solutions. Financial terms were not disclosed.

Sensity, which is based in Sunnyvale, California, offers a sensor-based, multiservice IoT platform. The company claims 42 smart city installations across the globe supplied through its ecosystem partners that have enabled facility and municipal lighting owners to link energy efficiency and cost savings to the improvement of business goals such as public safety, parking control, asset management and analytics.

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.”

Verizon is working on connected-intelligent solutions including parking, lighting, traffic management and security that improve livability, resiliency and public safety for local communities.The company’s Smart Communities organization, which is a part of its IoT business, is also simplifying the creation of IoT applications through ThingSpace.

http://www.sensity.com
http://www.verizon.com

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