Verizon, Monday announced that it has signed an agreement to purchase Sensity Systems to add a leading comprehensive suite of smart city solutions enabled by its ThingSpace internet of things (IoT) platform.
Based in Sunnyvale, California, Sensity Systems uses energy-efficient LED lighting as the foundation for its IoT platform for Smart Cities. The company enables light owners to capitalize on the LED conversion process by embedding networking technology within both retrofit and new LED luminaires.
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.
Sensity claims that it now has 42 smart city installations across the globe supplied through its ecosystem partners that have enabled facility and municipal lighting owners to link energy efficiency and cost savings to the improvement of business goals such as public safety, parking control, asset management and analytics.
Mike Lanman, SVP - Enterprise Products and IoT at Verizon
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.
Hugh Martin, CEO & Chairman, Sensity Chairman
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. Sensity realized early on that IoT could be the key to breaking out of this dilemma.
