Tuesday, September 20, 2016

Greenwave Systems Acquires Predixion Software

Irvine-based Internet-of-Things (IoT) software developer Greenwave Systems announced this morning that it has acquired Aliso Viejo-based Predixion Software. Financial terms of the acquisition were not announced. Greenwave said the acquisition will help it enhance its platform with real-time, visual analytics, and also help it bolster its industry talent and team. Greenwave said that the acquisition will bring it to a headcount of over 280 employees worldwide. Predixion Software was venture backed by GE Software Ventures, Accenture, Frost Venture Partners, DFJ Frontier, EMC, Miramar Venture Partners and Palomar Ventures, and had raised somewhere north of $33M in funding. Predixion co-founder and CEO Simon Arkell will become GM of Software Platforms for Analytics at Greenwave Systems. Greenwave is led by founder and CEO Martin Manniche.

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