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Acuity Brands (AYI) Acquires IoT Software Solutions Provider DGLogik
Acuity Brands, Inc. (NYSE: AYI)
announced it has acquired 100 percent of the equity interests of
DGLogik, Inc., a San Francisco Bay Area-based provider of innovative
software solutions that enable and visualize the Internet of Things
(IoT). DGLogik's solutions provide users with the intelligence to
better manage energy usage and improve facility performance. Its
customizable applications and dashboards allow users to easily
visualize, analyze and optimize facility operations based upon various
sets of data from multiple types of devices.
The acquisition of DGLogik supports Acuity Brands' strategy to expand and enhance its portfolio of holistic IoT solutions for the growing market for intelligent networked systems that collect and exchange data to increase efficiency, as well as provide a host of other economic benefits resulting from data analytics to better enable smart buildings and smart cities.
Vernon J. Nagel, Chairman, President, and Chief Executive Officer of Acuity Brands, commented, "We are excited about the capabilities that DGLogik brings to our already extensive deployments of networked digital lighting. We believe DGLogik's expertise in the development of technologies focused on advanced data aggregation, association, and visualization creates an exciting opportunity to accelerate the expansion of Acuity Brands' portfolio of holistic IoT solutions. This acquisition supports our efforts to provide our customers with solutions that will allow them to easily interact with various sets of data from various devices, providing them with the intelligence to make meaningful business decisions to optimize the performance of their businesses."
For more information about DGLogik visit http://www.dglogik.com
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