GE more than 100 million acquisition of Australian Internet of things Nova Daintree venture earn much?

Recently, the U.S. General Electric (GE) to more than $100 million acquisition of Melbourne building automation startup Daintree Networks, becoming the ten years the largest Australian technology business assets of private sales transactions. Daintree company by BillWood and create another former HP engineers in 2003, design and development can be carried out in light and temperature control of the open source, standardized wireless Controlscope system, more than 1 thousand small and medium-sized commercial buildings have been used in the United States, including Arizona's large customers of banks, United Stationer and so on.

It is reported that, after the acquisition by GE Predix.GE software development platform, the Internet industry Daintree company team of more than 60 Engineers, located in Melbourne, California and Massachusetts will be incorporated into the innovation of the new business unit of Current GE's said in a statement that the acquisition will enable Current to expand the building automation platform, enhance the ability to provide "energy: service to the small building in the world.

GE did not disclose the specific terms of the transaction. According to the Australian financial review reported that AFR, Daintree served as the board of directors of the company Melbourne venture Jolimont Capital executive, Teresa Engelhard, Daintree A company in the round and B round of financing a 40% stake in a $17 million investment, brought this transaction to the investment return is $42 million, according to Daintree company's valuation can exceed $100 million.

Australian real estate giant Liansheng (Lend Lease) branch of the venture capital is another major investor in Daintree, led the 2010 B round of financing, allegedly holding another 40% stake. A spokesman said the transaction is not significant in accordance with the Listing Rules of the Australian Stock Exchange, did not disclose specific terms.

With the implementation of Predix platform integration, building managers will be able to collect and analyze the Daintree sensor easier data, optimization of management decision to further reduce the cost of energy usage, and Daintree company claimed to save American customers originally energy ratio has reached 60%. GE Culbert, Australia's president, confirmed that Daintree's team of engineers will remain in Melbourne, "we want to retain their entrepreneurial culture and provide a global platform for development," said Geoff".

Australia is a culture of innovation award. Daintree Francesco, President of Proudian in St. Derek, said that the current development of Silicon Valley overheating, it is difficult to find a real talent. "And our own engineers have excellent professional ethics and business capabilities, as well as tenacity, not like in California as frequent job hopping, so Australia is a place for the development of science and technology. I have built teams all over the world, Melbourne gives a very fresh feeling".

The acquisition of Daintree company will be an important step in GE to enter the Internet industry. Culbert said that today's industrial Internet as in 1999 when the consumer internet. GE predicts that by 2020 there will be 50 billion machines to achieve interconnection, including the interconnection of 100 million bulbs. Things that have been static will change and drive the flow of information. I think there will be exponential growth.

At the handover ceremony in April 20th, Engelhard, who had just resigned from the board of directors, said the Daintree deal proved that Australia can do a deep research and development of technology, can do well and beyond others. Although growing up in Australia will be subjected to various queries, but can adhere to and succeed".

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