Honeywell acquires Tridium
Minneapolis, MN — Honeywell has finalized its purchase of Tridium Inc ., a privately held software development firm. The Richmond, VA-based company, which has subsidiaries in London and Singapore, will continue to operate as a separate business entity within Honeywell’s Environmental and Combustion Controls (ECC) business. Financial terms of the acquisition were not disclosed.
Tridium is the developer of Niagara Framework, which integrates diverse systems and devices—regardless of manufacturer, communication standard, or software—into a unified platform that is managed and controlled in real time over the Internet or intranet using a standard Web browser. System integrators use the program to provide solutions without regard for specific protocols, products, or technologies. Manufacturers adopt the technology to move products to the Web, reduce development time, migrate legacy systems, develop new offerings, and enter new customer bases. Current applications include energy management, building automation, telecommunications, security automation, maintenance repair operations, and total facilities management.
—Control Engineering Daily News Desk
Jeanine Katzel, senior editor, email@example.com