Current, powered by GE has announced the acquisition of Australian technology start-up, Daintree Networks, an enterprise 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 across the globe 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.
“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 (VARs), system integrators (SIs) 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 is fully engineered in Australia and can be deployed wirelessly and securely in almost any enterprise ensuring interoperability between products offered by multiple device vendors. To date, Daintree has focused on building their customer base in North America. This acquisition gives them access to the globe.
The acquisition comes just six months after the formation of Current, a first-of-its-kind energy startup within GE. Current 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.