Lighting

GE Current Makes Building Automation Statement with Acquisition of Daintree Networks

Last week, Current, GE’s energy services spin-off, announced the acquisition of Daintree Networks, a provider of connected building controls solutions for commercial facilities. GE states that the acquisition will enable Current to expand its building automation platform and its energy-as-a-service offering to small and medium size facilities through the deployment of Daintree’s open, standards-based wireless control systems. GE has chosen not to disclose the purchase price and would not comment on reported figures ranging from $75 to $100 million, for the building automation start-up founded by Bill Wood and other former Hewlett-Packard engineers in Australia in 2003. However, managing partner at Melbourne-based venture capital firm Jolimont Capital, Teresa Engelhard, said it would return $42 million to investors from its approximately 40% stake in the company, built from a total of $17 million funding across Daintree’s seed, Series A and Series B rounds. The move is being seen as a smart approach to seize a huge […]

Stay ahead of the pack

with the latest independent smart building research and thought leadership.

Have an account? Login

Subscribe Now from just $400 per year per user for Access to Quality Independent Smart Building Research & Analysis!

What Exactly Do you Get?

  • Access to Website Articles and Notes. Unlimited Access to the Library of over 2000 Articles Spanning 10 Years.
  • 10% discount on ALL Memoori Research reports for Subscribers!
  • Industry-leading Analysis Every Week, Direct to your Inbox.
  • AND Cancel at any time
Subscribe Now

Most Popular Articles

SmartVatten 2025
Smart Buildings

Smartvatten Strengthens European Position with 2025 LeakLook Acquisition

This Research Note examines Smartvatten, a Finnish specialist in water efficiency technology and expertise in Northern Europe. It updates our previous article in March 2024, covering Smartvatten’s solutions, key developments in 2024, sustainability partnerships and the September 2025 acquisition of LeakLook, a Finnish specialist in IoT-driven water monitoring for real estate. Smartvatten Profile Established in […]

Johnson Controls Tyco Merger
Smart Buildings

Johnson Controls + Tyco: Nearly 10 Years on from the $16.5B Mega Merger

Nearly 10 years after the merger between Johnson Controls and Tyco in 2016, the $16.5 billion deal stands as one of the most significant consolidation moves in the building technologies sector. Today, with the benefit of hindsight and financial data, we can evaluate whether this mega-merger achieved its ambitious objectives. The 2016 merger created a […]

Verdigris Energy Management 2025
Energy

Verdigris: Comprehensive Review of the Energy Management Platform in 2025

This Research Note takes an in-depth look at Verdigris, provider of a hardware-enabled SaaS energy management solution for commercial and industrial buildings. We examine the company offerings, disclosed funding, deployments, and partnerships before providing a Memoori view on the firm. Verdigris Profile Co-founded in 2010 by Mark Chung, CEO, Verdigris Technologies Inc. is headquartered at […]

Subscribe to the Newsletter & get all our Articles & Research Delivered Straight to your Inbox.