News
U.S.-based IoT specialist provides sensors that can be deployed on LED light fittings.
Verizon on Monday strengthened its ThingSpace IoT platform with the acquisition of Sensity Systems.
U.S.-based Sensity provides LED lighting systems that are equipped with various connected sensors – including cameras – effectively turning outdoor lights into network nodes. These connect back to Sensity’s NetSense platform, which is used as the basis for various IoT services, including lighting management, smart parking, traffic/footfall counting, and security, among others.
Sensity products have been deployed in 42 cities worldwide, Verizon said.
"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," said Mike Lanman, senior vice president of enterprise products and IoT at Verizon, in a statement.
"We have become the leader in the space by creating a visionary smart city IoT platform and forming a powerful ecosystem of technology partners," added Hugh Martin, CEO of Sensity. "With Verizon, we look forward to delivering IoT connected systems on a massive scale to change how cities and communities operate around the world."
Financial details were not disclosed; the deal is subject to regulatory approvals and is expected to close in the fourth quarter of 2016.
