Benzinga | Jul 8, 2021 07:05AM EDT

View, Inc. Acquires IoTium; Terms Not Disclosed

View, Inc. (NASDAQ:VIEW) ("View"), the leader in smart building platforms and smart windows, today announced it has acquired IoTium, the leading provider of secure, cloud-managed, software-defined IoT networks. IoTium's easy-to-deploy solutions enable building owners to quickly achieve enterprise-grade security, reduce operating costs, and gain real-time visibility into their entire real estate portfolios.

"View's smart building platform makes it easy to securely deploy a wide variety of smart building applications," said Nitesh Trikha, Chief Product Officer at View. "IoTium's edge-cloud solution makes the deployment process even easier, especially in existing buildings with legacy networks and systems. It is the most reliable, easiest-to-deploy and most economical solution to implement enterprise-grade security and a converged edge infrastructure in buildings. Incorporating this into View's smart building platform will accelerate the digital transformation of real estate."

Real estate owners recognize the need to make their existing buildings secure and smart; however, they face a difficult tradeoff. Upgrading legacy networks to achieve best-in-class security and converged connectivity requires significant upfront investment, while leaving those networks as-is exposes building owners and their tenants to security threats. IoTium solves this dilemma. The company's secure, edge-cloud solution works with both new and existing operations technology (OT) networks, is easy to deploy and dramatically reduces operational costs by virtually eliminating on-site service visits. IoTium's solution is currently deployed in over 800 buildings at several Fortune 500 clients.

"Kilroy easily deployed IoTium's solutions across our entire portfolio," said Khanh Nguyen, Vice President of IT at Kilroy Realty Corporation. "IoTium provided us with a plug-and-play, highly secure, unified infrastructure for all of our smart building applications, streamlining our day-to-day engineering tasks and reducing network operating costs by 75 percent. We look forward to working with View to make our buildings even smarter, healthier and more energy-efficient."

"We are thrilled to join View and are excited by View's mission to reimagine the human experience in buildings, mitigate climate change and make buildings smarter," said Dhawal Tyagi, co-founder & CEO of IoTium.