View, Inc. Acquires IoTium, a Pioneer in Secure Edge-Cloud Infrastructure for Smart Buildings
July 08 2021 - 7:00AM
View, Inc. (Nasdaq: VIEW) (“View”), the leader in smart building
platforms and smart windows, today announced it has acquired
IoTium, the leading provider of secure, cloud-managed,
software-defined IoT networks. IoTium’s easy-to-deploy solutions
enable building owners to quickly achieve enterprise-grade
security, reduce operating costs, and gain real-time visibility
into their entire real estate portfolios.
“View’s smart building platform makes it easy to
securely deploy a wide variety of smart building applications,”
said Nitesh Trikha, Chief Product Officer at View. “IoTium’s
edge-cloud solution makes the deployment process even easier,
especially in existing buildings with legacy networks and systems.
It is the most reliable, easiest-to-deploy and most economical
solution to implement enterprise-grade security and a converged
edge infrastructure in buildings. Incorporating this into View’s
smart building platform will accelerate the digital transformation
of real estate.”
Real estate owners recognize the need to make
their existing buildings secure and smart; however, they face a
difficult tradeoff. Upgrading legacy networks to achieve
best-in-class security and converged connectivity requires
significant upfront investment, while leaving those networks as-is
exposes building owners and their tenants to security threats.
IoTium solves this dilemma. The company’s secure, edge-cloud
solution works with both new and existing operations technology
(OT) networks, is easy to deploy and dramatically reduces
operational costs by virtually eliminating on-site service visits.
IoTium’s solution is currently deployed in over 800 buildings at
several Fortune 500 clients.“Kilroy easily deployed IoTium’s
solutions across our entire portfolio,” said Khanh Nguyen, Vice
President of IT at Kilroy Realty Corporation. “IoTium provided us
with a plug-and-play, highly secure, unified infrastructure for all
of our smart building applications, streamlining our day-to-day
engineering tasks and reducing network operating costs by 75
percent. We look forward to working with View to make our buildings
even smarter, healthier and more energy-efficient.”
“We are thrilled to join View and are excited by
View’s mission to reimagine the human experience in buildings,
mitigate climate change and make buildings smarter,” said Dhawal
Tyagi, co-founder & CEO of IoTium.
About ViewView is the leader in
smart building platforms and smart windows that transform buildings
to improve human health and experience, reduce energy consumption
and carbon emissions, and generate additional revenue for building
owners. View Smart Windows use artificial intelligence to
automatically tint in response to the sun, eliminating the need for
blinds and increasing access to natural light. Every View
installation includes a cloud-connected smart building platform
that can easily be extended to improve indoor cellular coverage,
enhance building security and reimagine the occupant experience.
View is installed and designed into 75 million square feet of
buildings including offices, hospitals, airports, educational
facilities, hotels and multi-family residences. For more
information, please visit: www.view.com.
About IoTium IoTium is the
leading provider of secure edge-cloud Infrastructure for smart
buildings. IoTium’s highly scalable and secure infrastructure is
used by Fortune 500 customers to rapidly enable digital
transformation across their portfolio. IoTium’s cloud-delivered IoT
service allows customers to easily connect their building assets to
cloud applications, remotely access these assets and deploy
cloud-native applications at the building edge, resulting in
significant operational cost reductions. For more information,
please visit: www.iotium.io
Contacts:For Investors: Samuel
MeehanView, Inc.Investor RelationsIR@View.com408-493-1358
For Media:TrebleMichael
Kellnerview@treblepr.com
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