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The Internet of Things (IoT) market is forecast to grow from an installed base of 15.4 billion devices in 2015 to 30.7 billion devices in 2020 and 75.4 billion in 2025, according to “IoT Platforms: Enabling the Internet of Things,” a new white paper available from IHS Inc.

Weinberg Capital Group (WCG) announced the recapitalization of Elyria, Ohio-based exhaust hood manufacturer HoodMart Inc. It was led by a group of private investors managed by WCG. HoodMart founder and chairman, Daniel B. Reaser Sr., will remain a shareholder and serve on the company’s board of directors.

Nortek Inc. announced it has signed an agreement to acquire a 25 percent stake in MiOS Limited, a global technology company focused on developing and distributing advanced control and monitoring solutions for the home and small enterprise markets.

As information and operational technologies converge, sensors play a crucial role in facilitating intelligent building solutions that can provide actionable insight through data-driven tools, notes Navigant Research. Wireless connectivity expands these sensor capabilities.

Construction management software provider Jonas Construction Software has announced a partnership with BlackMesh Inc. to form “Jonas Hosted,” a dedicated and secure hosting solution, which allows construction-related businesses to host their information on secure, cloud-based servers, backed by 24/7/365 technical support.

Amici Enterprises and American Energy Performance Solutions (AEPS) announced they have entered into a non-exclusive sales representation agreement wherein AEPS will acquire AmiciMPTS (Maximum Power Transfer Solutions) products on behalf of customers in North and South America.

The global field-erected cooling tower market is forecast to reach $2.11 billion by 2021, growing at a compound annual growth rate (CAGR) of 4.3 percent from 2016 to 2021, according to a new report published by MarketsandMarkets.

The Cushman & Wakefield/Commerce management team for 170 South Main has announced that the class A, 15-story high-rise in downtown Salt Lake City has been honored with the Building Owners and Managers Association International (BOMA) Kilowatt Crackdown Climate Leader Award.

Johnson Controls announced that it has joined the Cisco® Digital Ceiling community as a founding building automation partner. The Digital Ceiling framework provides a platform to deliver better user experiences through the convergence of the IT network and building technologies.

UL (Underwriters Laboratories) has announced its new Cybersecurity Assurance Program (UL CAP). UL CAP uses the new UL 2900 series of standards to offer testable cybersecurity criteria for network-connectable products and systems to assess software vulnerabilities and weaknesses, minimize exploitation, and more.