Turntide Technologies To Acquire Cloud-Based Building Automation Software Company Riptide
Retrieved on:
Monday, March 1, 2021
SUNNYVALE, Calif., March 1, 2021 /PRNewswire/ --Turntide Technologies (Turntide), the company responsible for the Smart Motor System, the world's most sustainable electric motor with digital DNA, announced today that it has signed a definitive agreement to purchase Riptide, a next-generation building automation company whose software is driving the transition to smart, cloud-managed buildings.
Key Points:
- SUNNYVALE, Calif., March 1, 2021 /PRNewswire/ --Turntide Technologies (Turntide), the company responsible for the Smart Motor System, the world's most sustainable electric motor with digital DNA, announced today that it has signed a definitive agreement to purchase Riptide, a next-generation building automation company whose software is driving the transition to smart, cloud-managed buildings.
- The acquisition of Riptide's building automation solution will accelerate the development of Turntide's BOS (Building Operating System) platform.
- In acquiring Riptide, Turntide plans to expand further into building automation by improving and extending its BOS platform to office buildings, retail locations, schools and more.
- As part of the acquisition, all Riptide employees including founders Mike Franco, Dave Leimbrock, Marti Ogram, and Shawn Leimbrock will be joining Turntide.