OSRAM Acquires Digital Lumens

Osram has agreed to acquire Digital Lumens Inc., a U.S. company based in Boston, Massachusetts that specializes in industrial IoT solutions.

Founded in 2008, Digital Lumens employs 65 people and in the last fiscal year generated sales in the mid-double-digit millions (USD). The Digital Lumens software platform can be used to run applications covering everything from intelligent lighting control, energy use, and security systems to the measurement of environmental parameters such as air quality. The cloud-based platform is compatible with components and hardware of other manufacturers. Digital Lumens has built a strong customer base for industrial IoT solutions, with more than 2,500 installations.

Read more at EdisonReport.eu.