A Phone Company Eyes Lighting for Its Connections: Verizon agrees to buy Sensity

Verizon Communications, New York, is making a move into the edges of connected lighting systems.  The wireless phone giant signed an agreement to acquire Sensity Systems Inc., Sunnyvale, Calif., a maker of a data-gathering IoT platform that uses LED lighting as its foundation.

A Sensity release said Verizon is seeking to add a leading comprehensive suite of smart city solutions enabled by its ThingSpace internet of things (IoT) platform. Terms of the transaction have not been disclosed. The acquisition is subject to customary regulatory approvals and is expected to close in fourth-quarter 2016.

Mike Lanman, senior vice president - Enterprise Products and IoT at Verizon, said in the release: “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. 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.”

Release: Verizon Accelerates Smart Communities with the Acquisition of Sensity Systems

UPDATE: Electrical Marketing subscribers can read the full story here:
Phone Co. Eyes Lighting for its Connections: Verizon Agrees to Buy Sensity Systems