Mobile carrier Verizon Communications Inc. has signed an agreement to purchase light- emitting diode (LED) luminaire start-up company Sensity Systems Inc.
The deal will see Sensity’s LED lighting conversion products added to Verizon’s ThingSpace Internet of Things (IoT) platform in order to continue Verizon’s push into the smart city. Terms of the deal were not disclosed.
With the acquisition of Sensity, Verizon says it will accelerate the deployment of large-scale implementations for the digital transformation of cities, universities and venues. The company’s ThingSpace platform allows communities to increase economic development, drive citizen engagement and enable sustainability.
“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,” says Hugh Martin, chairman and CEO of Sensity. “Sensity realized early on that IoT could be the key to breaking out of this dilemma.”
The Sensity technology will be added to the ThingSpace platform that already includes connected-intelligent products for parking, lighting, traffic management and security.
Sensity focuses on LED conversions to create high-speed, sensor-based multiservice IoT platforms for cities. The company has 42 smart city installations worldwide that have allowed facility and municipal lighting owners to link energy efficiency and cost savings for public safety, parking control, asset management and analytics.
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