Current, Powered by GE, Acquires Daintree Networks
Combined offering brings benefits of building automation to small- and mid-sized buildings
BOSTON — Current, powered by GE, has announced the acquisition of Daintree Networks, a provider of building controls solutions for commercial facilities. Current said this acquisition will enable it to expand its building automation platform and its energy-as-a-service offering to small- and medium-size facilities through the deployment of Daintree's open, standards-based wireless control systems.
Today, 90 percent of the world’s small- to mid-sized buildings do not have building automation systems, said Current. Integrating Daintree Networks’ open-standard networked wireless control solution, ControlScope, into Current’s building automation portfolio addresses this issue. The joint solution links data from HVAC and lighting systems directly to Predix, GE’s industrial Internet software platform, allowing customers to analyze their energy consumption and identify data patterns to increase efficiency and reduce power levels. Enterprises across North America use Daintree technology to manage over 1 million lights, thermostats, and sensors in office, retail, and industrial locations, delivering monthly lighting and HVAC energy cost savings of up to 60 percent, said the company.
“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.
Upon completion of the acquisition, Current will integrate Daintree’s employees in California, Australia, and Massachusetts into its structure.
For more information about Daintree Networks, visit www.daintree.net.
For more information about Current, powered by GE, visit www.currentbyge.com.
Publication date: 5/6/2016