British Gas buys internet of things firm

Stefan Mileschin · 9th June 2015, 08:39

A company that has an internet of things offering for remote monitoring and control has been bought by British Gas.

British Gas paid £65 million for AlertMe, one of its suppliers.

AlertMe was partly suppored by UK quango Innovate at its inception.

The company’s services and products are used in over 200,000 homes.

Co-founder of AlertMe Pilgrim Beart, said his firm had worked with British Gas for some years developing the Hive product. That lets you control your heating using a smartphone. British Gas had become so important as a customer that it decided to buy AlertMe.

British Gas said it will use the acquisition to offer products to allow people to control their homes using the internet of things.

http://www.techeye.net/news/british-...of-things-firm

9th June 2015, 08:39	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,578	British Gas buys internet of things firm A company that has an internet of things offering for remote monitoring and control has been bought by British Gas. British Gas paid £65 million for AlertMe, one of its suppliers. AlertMe was partly suppored by UK quango Innovate at its inception. The company’s services and products are used in over 200,000 homes. Co-founder of AlertMe Pilgrim Beart, said his firm had worked with British Gas for some years developing the Hive product. That lets you control your heating using a smartphone. British Gas had become so important as a customer that it decided to buy AlertMe. British Gas said it will use the acquisition to offer products to allow people to control their homes using the internet of things. http://www.techeye.net/news/british-...of-things-firm

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