GE has recently actively acquired and acquired Baker Hughes, a well-known oil and gas service provider in the oil and gas field, and continues to buy software services to strengthen its internal IoT platform, Predix, on the industrial IoT platform. GE continues to stage mergers and acquisitions to reinforce the soft power of industrial IoT GE, a comprehensive industrial giant, actively transformed into a digital service enterprise and locked in the industrial Internet of Things. In November 2016, GE continuously purchased and strengthened the strength of industrial IoT software, and bought the cloud service company ServiceMax for 915 million US dollars. Also bought the Canadian Industrial IoT Software Company Bit Stew for $153 million. GE has recently actively acquired and acquired Baker Hughes, a well-known oil and gas service provider in the oil and gas sector, and continues to buy software services to strengthen its internal IoT platform, Predix, on the industrial IoT platform. On November 14, 2016, GE announced that it would buy ServiceMax, a cloud services company, for $915 million. In 2015, GE has participated in ServiceMax's $82 million F round of fundraising. ServiceMax was established in 2007 with a total fundraising scale of US$200 million. Its IoT cloud platform can receive devices built into the Internet of Things. The information of the sensor allows the user or the maintenance company to know which part will be faulty. According to this, the repair and replacement time can greatly improve the maintenance efficiency, save time and cost, and improve the reliability of the equipment. GE is actively developing in the field. On November 15, 2015, GE announced the acquisition of bit stew. Similar to ServiceMax, GE has long been in the middle of the stew. As early as May 2015, GE Ventures was in the position of $170 billion in B-boiled B. In the round of fundraising, he led the investment, and then supported the venture capital investment for 18 months, assisting the development of the advanced data integration platform dedicated to the power industry, and expanding the scope of operations to support the manufacturing, aviation and oil and gas industries. It is almost completely compatible with GE's core operating scope. From this point of view, GE's final acquisition of Bit Stew is well planned. Bit Stem was originally designed to assist power companies in managing smart meters and equipment sensors. After crossing the oil and gas industry, its technology can establish models, parameters and maps for oil and gas mining data within one day. It takes 6 days to complete the same work in the past. It can be said that the bit stew can significantly improve the operational efficiency of the oil and gas industry. Bit Stew has previously raised a total of US$26 million. In addition to GE Ventures, shareholders include Cisco Investments, as well as Canadian venture capital firm Yaletown Partnership, Kensington Capital, and Bank of Canada Venture Capital. GE bought two companies, which can be said to make the original shareholders earn more than four times the profits. However, after the merger, there is a clear synergy for GE's existing business direction. GE is in the fundraising phase for both companies. It has already participated first, and it shows that GE is observing the emerging companies in the market, investing in the early stage, and even assisting in the breeding. After that, it will fully purchase and ensure that it is in line with its own interests, and the risk is low. It is expected that GE will repeat this again and again in the future. Acquisition model. (Original title: continuous purchase! GE strengthens the strength of industrial IoT software)
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