Current, a unit of GE, bought Daintree Networks, an industrial internet provider of building controls solutions for commercial facilities. This acquisition will enable Current 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. Integrating Daintree Networks' open-standard networked wireless control solution, ControlScope, into Current's building automation portfolio addresses that problem.
The joint solution links data from lighting and HVAC 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.
Fortune 500 and mid-size enterprises across North America, including Universal Music Group, the Salk Institute, and National Bank of Arizona use Daintree technology to manage over one million lights, thermostats, and sensors in office, retail and industrial locations, delivering monthly lighting and HVAC energy cost savings of up to 60 percent.
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.
The acquisition comes just six months after the formation of Current, an energy start-up within GE that integrates GE's LED and onsite power businesses with GE's industrial strength Predix platform to deliver the most cost effective energy management platform required by customers today and in the future. GE's Predix platform is open, flexible, and securely connects multiple third party devices and assets to the industrial internet.
Upon completion of the acquisition, Current will integrate Daintree's employees in California, Australia and Massachusetts into its structure.