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GE to Launch Stand-Alone Industrial IoT Software Business

The business will have its own brand and will start with $1.2 billion in annual revenue and an existing global industrial customer base.

General Electric, Boston, announced plans to combine its industrial Internet of things (IIoT) software portfolio into a new, independent company. The company will bring together GE Digital’s IIoT solutions including the Predix platform, Asset Performance Management, Historian, Automation (HMI/SCADA), Manufacturing Execution Systems, Operations Performance Management, and the GE Power Digital and Grid Software Solutions businesses in a comprehensive IIoT offering that will start with $1

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