Verizon to acquire Sensity as it continues to pursue the IoT

Source: Flickr user Lisa Padilla

Verizon said it inked a deal to acquire Sensity Systems, a Sunnyvale, California-based startup that makes connected LED lights for smart cities. Terms of the deal were not disclosed.

Sensity helps businesses, municipalities and other customers convert older lighting systems into connected LED systems that can be controlled remotely. It provides sensors, cameras and thermometers that can be used to monitor traffic, parking and public safety.

Sensity had raised roughly $75 million from backers including Cisco Systems and GE, and it boasts 42 smart city installations around the world. Verizon said Sensity will become part of ThingSpace, which the carrier launched last year in an effort to make it easier for developers and others to create IoT offerings using its wide area network for connectivity.

FREE DAILY NEWSLETTER

Like this story? Subscribe to FierceWireless!

The Wireless industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceWireless as their must-read source for the latest news, analysis and data on this increasingly competitive marketplace. Sign up today to get wireless news and updates delivered to your inbox and read on the go.

"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 CEO Hugh Martin said in a press release. “Sensity realized early on that IoT could be the key to breaking out of this dilemma. We have become the leader in the space by creating a visionary smart city IoT platform and forming a powerful ecosystem of technology partners. With Verizon, we look forward to delivering IoT connected systems on a massive scale to change how cities and communities operate around the world."

The move marks yet another significant acquisition for Verizon as it looks to expand beyond its traditional communications business to the IoT and other markets. In June Verizon announced the acquisition of Telogis, which had raised more than $126 million to back its “location intelligence platform.” And last month the nation’s largest operator said it would spend $2.4 billion to acquire Fleetmatics, an Ireland-based firm that provides GPS vehicle management and other services to companies with mobile workforces.

Earlier this year Verizon hired Mrinalini Ingram, a former Cisco executive, to lead its smart cities business.

The carrier is also hoping to build a consumer-focused digital media empire as well. In July it agreed to spend $4.83 billion to acquire Yahoo’s core internet business, and last year it spent $4.4 billion to buy AOL and its properties including Huffington PostEngadget and TechCrunch. And Verizon continues to pursue the mobile video and advertising space with Go90.

For more:
- read this Verizon press release

Related articles:
Verizon to acquire Fleetmatics for $2.4B
Verizon to buy Yahoo for $4.83B, doubling down on digital media and advertising
Verizon acquires Telogis in pursuit of connected cars for the enterprise
Verizon Telematics' Link discusses autonomous cars, embedded connectivity and more

Read more on

Suggested Articles

Huawei Canada is partnering with two local carriers to help expand 4G service to 70 rural and remote communities in the country by 2025.

Ericsson’s standalone 5G NR software can be deployed on existing Ericsson radio system hardware, enabling operators to launch standalone 5G with a simple…

OneWeb Satellites will use “industrial-scale mass production techniques” that will both reduce costs and result in the completion of up to two satellites in a…