GE Launches $1.2 Billion Industrial IoT Software Company

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GE Launches $1.2 Billion Industrial IoT Software Company

GE Launches $1.2 Billion Industrial IoT Software Company

New GE-owned, independently run entity will be established to expand company’s leadership in IIoT market and better serve industrial customers. GE selling majority stake in ServiceMax.

GE today announced plans to establish a new, independent company focused on building a comprehensive Industrial Internet of Things (IIoT) software portfolio.

The company will start with $1.2 billion in annual software revenue and an existing global industrial customer base. The company is intended

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