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Verizon Places Another Bet on Internet of Things With Latest Acqusition

Verizon Communications (VZ) is aggressively utilizing M&A in an effort to expand its footprint in the much-ballyhooed Internet of Things.

The telecom giant announced Monday that it has agreed to acquire privately-held Sensity Systems for an undisclosed sum. Based in Sunnyvale, Calif., Sensity Systems builds Light Sensory Networks (LSN) that aim to improve lighting control and energy efficiency. LSN is behind the idea of a "smart city," which refers to the idea of using the IoT to manage a city's properties and systems such as power plants and water...


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