HVAC Breaking News

Dec. 14, 2005: Honeywell Acquires Tridium

December 14, 2005
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MINNEAPOLIS - Honeywell announced that it has acquired Tridium Inc., a privately held software development company based in Richmond, Va., with subsidiaries in London and Singapore. Tridium will continue to operate as a separate business entity within Honeywell's Environmental and Combustion Control (ECC) business. Financial terms were not disclosed.

"By joining forces, we will be much more effective in serving both Tridium's and Honeywell's original equipment manufacturer and system integrator customers," said Andreas Kramvis, Honeywell ECC president. "Honeywell is extremely impressed with Tridium's technology, talent, and business model. They have developed a software platform that cuts through the barriers of operating multiple systems and devices by providing easy, real-time communication between devices in homes, commercial buildings, and industrial applications. We don't know of anyone else offering such cutting-edge device-to-device communications and data gathering capabilities."

Tridium invented Niagara Framework®, a software framework designed to integrate diverse systems and devices - regardless of manufacturer, communication standard, or software - into a unified platform that is managed and controlled in real time over the Internet or Intranet using a standard Web browser. System integrators use Niagara to provide solutions without regard for specific protocols, products, or technologies. Manufacturers adopt the Niagara Framework technology to move their products to the Web, reduce development time, migrate legacy systems, develop new service offerings, and enter new customer bases.

Current applications include energy management, building automation, telecommunications, security automation, lighting control, maintenance repair operations service bureaus, and total facilities management.

"With Honeywell's backing, Tridium's Niagara Framework technology will flourish," said John Petze, Tridium president and CEO. "Honeywell is committed to Tridium's vision of Niagara as an open software framework for device-to-enterprise applications. With their support, Tridium will be able to accelerate growth and extend our global reach. We'll be able to dramatically expand and enhance our offerings to better serve our partners and the original equipment manufacturer market. We'll also be able to better meet the needs of the rapidly growing machine-to-machine communications segment."

Honeywell said it will continue to develop and enhance Tridium's offerings to better serve Tridium's current customer base and expand into new areas of machine-to-machine communication segments.

For more information, visit www.customer.honeywell.com.

Publication date: 12/12/2005

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