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