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Verizon to buy IoT smart city start-up Sensity Systems

Verizon to buy IoT smart city start-up Sensity Systems

Business news |
By Rich Pell



The acquisition is subject to customary regulatory approvals and is expected to close in fourth-quarter 2016, no figure was disclosed. Verizon recognizes Sensity’s strong ecosystem of partners as a leading provider of IoT solutions for smart communities, noting that the company has 42 smart city installations across the globe supplied through its ecosystem partners. With its solutions, Sensity helps light owners capitalize on the LED conversion process by embedding networking technology within both retrofit and new LED luminaires.

“Rapid urbanization is putting a huge strain on city services globally, coupled with inefficiencies caused by an aging infrastructure that currently supports critical functions, such as fire and emergency services, public transportation, lighting, sewer and sanitation systems,” said Hugh Martin, Sensity’s Chairman and CEO in a joint press announcement.

“Sensity realized early on that IoT could be the key to breaking out of this dilemma. We have become the leader in the space by creating a visionary smart city IoT platform and forming a powerful ecosystem of technology partners. With Verizon, we look forward to delivering IoT connected systems on a massive scale to change how cities and communities operate around the world”

Verizon has developed an array of connected-intelligent solutions including parking, lighting, traffic management and security that improve livability, resiliency and public safety for local communities. The company’s Smart Communities organization, which is a part of its IoT business, is also simplifying the creation of IoT applications through ThingSpace. It hopes to leverage Sensity’s knowhow and partners to accelerate its market penetration with large-scale implementations.

Verizon: www.verizon.com
Sensity: www.sensity.com

Related articles:
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IoT smart city video security solution offers ‘security without surveillance’
Verizon, Qualcomm team on IoT initiative
Sensity attracts $36M to accelerate deployment of Light Sensory Networks

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