GE invests and partners in SynapSense

Jul 27, 2010 (M2 EQUITYBITES via COMTEX) 

SynapSense Corporation has expanded its relationship with GE (NYSE: GE) with an investment and commercial partnership as part of a focus on digital energy services, the Smart Grid and ecomagination. SynapSense announced on Monday.

GE Energy Financial Services is joining SynapSense's investors Emerald Technology Ventures, Sequoia Capital, Robert Bosch Venture Capital, American River Ventures, Nth Power and DFJ Frontier in a combined USD5.0m investment for the development and market expansion of SynapSense's Data Center Monitoring, Adaptive Control and Energy Management technology.

Further financial details of the investment were not disclosed.

Also, GE, which has used SynapSense technology in many of its data centres including GE Corporate and NBC Universal since 2008, will now collaborate with SynapSense on digital energy through a commercial partnership with GE Intelligent Platforms, GE's high-performance technology business that provides software, hardware, services, and expertise in automation and embedded computing.

The partnership will reportedly combine SynapSense's technology with GE Intelligent Platform's Proficy Software and Control platform. This combined offering will enable data centre operators to optimize energy use by continuously aligning cooling capacity with changes in IT load, reportedly saving up to 35% of cooling costs while ensuring security, redundancy and resiliency.

SynapSense is a wireless resource management solution provider.

GE Energy Financial Services invests in essential, long-lived and capital-intensive energy assets.

GE is a diversified infrastructure, finance and media company.

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