The acquisition of Digital Lumens from a group of venture capital investors will enable Osram to expand its business with digital lighting solutions and add to its expertise in software, sensors and connectivity. Customers using the Digital Lumens cloud based IoT solution pay a monthly service charge to access data that is continually recorded and analyzed by their lighting management system. This allows them to optimize business processes and document process-critical environmental variables.
“I am delighted that we will be working with Osram’s technology experts to pave the way for further growth and new customer applications. Our existing and future customers can look forward to even more value-adding innovations,” said Tom Pincince, President and CEO of Digital Lumens.
Plans are in place to integrate some of Osram’s existing digital services into the platform. This includes the navigation and location solution Einstone, which uses Bluetooth to send targeted offers to users’ smartphones, for example when they are in retail environments. In a pilot project, significant and measurable increases in sales were achieved, for which Einstone was presented with the Best In-Store Solutions Award at the Euroshop 2017 trade fair.
Building on its existing product and services business, Osram will increasingly be positioning itself not only as a provider of platform-based industrial IoT applications but also as a partner for tailor-made solutions, which optimize processes within buildings.
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About Osram GmbH:
Osram, based in Munich, is one of the world’s leading lighting manufacturers with a history dating back around 100 years. Its product portfolio includes high-tech applications based on semiconductor technology, such as infrared and laser lighting. The products are used in all kinds of applications ranging from virtual reality, autonomous driving, and cellphones to smart and connected lighting solutions in buildings and cities. In automotive lighting, the Company is the global market and technology leader. Based on continuing operations (excluding Ledvance), Osram had around 24,600 employees worldwide at the end of fiscal year 2016 (September 30) and generated revenue of almost €3.8 billion in that fiscal year. The Company is listed on the stock exchanges in Frankfurt and Munich under the WKN ‘LED 400’ (stock exchange code: OSR).
About Digital Lumens:
Digital Lumens is driving the industrial and commercial smart building revolution by providing superior software, products, and system integration. Its cloud-based intelligence platform, SiteWorx, brings the tangible benefits of the Internet of Things (IoT) to commercial and industrial environments worldwide, and leverages the power of connected lighting and IoT sensors to deliver business intelligence from a unique vantage point—overhead. Its smart building solutions have been deployed across nearly 500 million square feet of space, and the company is distinguished by breakthrough technology, a management team of proven visionaries from the solid-state lighting and distributed networking industries, and proven results from real-world clients in 45 countries.