Verizon acquires smart lighting platform for use in smart cities.
Verizon has announced that they will acquire Sensity Systems, which focuses on smart LED lighting.
Sensity, which offers an IoT platform for smart cities based on smart lighting, will have its technology added to Verizon’s ThingSpace IoT platform.
Verizon stated that the acquisition will allow them to offer comprehensive smart city solutions. The company would like its ThingSpace platform to help communities meet sustainability goals while increasing both economic development and citizen engagement.
Mike Lanman, senior vice president of enterprise products and IoT at Verizon, said the partnership leverages Verizon’s strengths in infrastructure for networks, platforms and applications with Sensity’s targeted IoT solution.
“Sensity is a leading provider of IoT solutions for smart communities with a strong ecosystem of partners, and this transaction will accelerate the deployment of large-scale implementations that will drive the digital transformation of cities, universities and venues,” said Lanman.
Sensity currently has 42 smart city deployments of its high speed, sensor-based IoT platform worldwide, with a specialty on smart LED lighting. The company stated that over 4 billion lights will be converted to smart LED lights over the next few years.
Verizon also has already developed a variety of smart city solutions including parking, traffic management, and public safety. They’ve created a Smart Communities organization to help simplify the creation of IoT applications through ThingSpace.
Terms of the deal have not been disclosed, and it is subject to regulatory approval. Verizon says it expects the deal to be completed in Q4 of 2016.