GE Digital picks up Bit Stew
- Nov 16, 2016 12:30 am GMT
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GE Digital has acquired Bit Stew Systems in a move the players say helps "accelerate digital industrial transformation."
The announcement was made today (Nov. 15) and focused on Bit Stew adding data intelligent to GE's operating system for the industrial internet (Predix) and to its other industrial applications, including asset performance management.
Bit Stew brings GE Mix Core, the company's data integration and analysis platform.
“We are pleased to welcome Bit Stew to the GE Digital family. The integration of our technologies will provide the Predix platform with a greater capability to integrate data while it is in motion from the edge to the cloud,” said Harel Kodesh, CTO at GE Digital in a statement. “This combination will help us to accelerate our industrial offerings, providing customers with contextual understanding of their assets and operations.”
Kevin Collins, CEO and Co-Founder at Bit Stew said in the same statement, “This is an exciting day for Bit Stew as we join the GE Digital family. With this acquisition, Bit Stew gains access to GE’s industrial ecosystem, customer base, and deep domain expertise. GE’s vision of a software-defined future strongly aligns with Bit Stew’s vision and capabilities and we are excited about the pivotal role our technology can play in driving the industrial ecosystem forward.”
GE Ventures began leading investment in Bit Stew last year.