Wesco – Wesco International Acquires entroCIM, an Innovator in Data Center and Building Intelligence Software
PITTSBURGH, June 5, 2024 /PRNewswire/ — Wesco International (NYSE: WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, today announced it has completed the purchase of entroCIM, an innovator in data center and building intelligence software.
The initial purchase price was $30 million with the opportunity for an additional earnout based on performance. Additional terms of the transaction were not disclosed. entroCIM’s Central Intelligence Manager (CIM) is an HTML5 browser-based application sold as-a-service to connect devices and remote monitoring systems in commercial facilities. It delivers actionable insights to help businesses reduce costs and improve operations through a single digital interface.
Today, entroCIM monitors millions of square feet in environments ranging from data centers and large commercial buildings to airports and universities. Through an open API architecture and out-of-the-box connectivity with industry standard protocols, entroCIM acts as an aggregation layer for multiple operating systems and is an accelerator of IT/OT convergence – helping to drive better operational visibility for data center and building applications.
“We are pleased to welcome the entroCIM team to Wesco. This acquisition is indicative of the expanded services, data-informed intelligence and expertise that Wesco intends to provide to our global customers and supplier partners to drive increased value through the supply chain,” said John Engel, Chairman, President and CEO of Wesco.
SourceWesco
EMR Analysis
More information on WESCO: See the full profile on EMR Executive Services
More information on Anixter: See the full profile on EMR Executive Services
More information on John J. Engel (Chairman, President & Chief Executive Officer, WESCO): See the full profile on EMR Executive Services
More information on David S. Schulz (Executive Vice President & Chief Financial Officer, WESCO): See the full profile on EMR Executive Services
More information on entroCIM by WESCO: https://www.entrocim.com/ + entroCIM is where building intelligence convenes, and actionable insights illuminate. Our Central Intelligence Manager (CIM) acts as the brain of your environment, collecting data from every monitoring system within your facility—and instantly making sense of it. As your building comes alive with actionable data, it starts to thrive. And so do the people inside.
World Leaders in Smart Building Management
- 30+ Years of innovation
- 270M sq. ft. of monitored building space
- 5M+ data records added daily
More information on Ted Houck (President & Founder, entroCIM, WESCO): See the full profile on EMR Executive Services
EMR Additional Notes:
- SaaS (Software as a Service):
- Cloud-based service where instead of downloading software your desktop PC or business network to run and update, you instead access an application via an internet browser. The software application could be anything from office software to unified communications among a wide range of other business apps that are available.
- This offers a variety of advantages and disadvantages. Key advantages of SaaS includes accessibility, compatibility, and operational management. Additionally, SaaS models offer lower upfront costs than traditional software download and installation, making them more available to a wider range of businesses, making it easier for smaller companies to disrupt existing markets while empowering suppliers.
- The major disadvantage of SaaS applications is that they ordinarily require an internet connection to function. However, the increasing wide availability of broadband deals and high-speed phone networks such as 5G makes this less of an issue. Additionally, some SaaS applications have an offline mode that allows basic functionality.
- API (Application Programming Interface):
- A set of definitions and protocols to build and integrate application software. Software intermediary that allows two applications to talk to each other. Each time you use an app like Facebook, send an instant message, or check the weather on your phone, you’re using an API.
- APIs are needed to bring applications together in order to perform a designed function built around sharing data and executing pre-defined processes. They work as the middle man, allowing developers to build new programmatic interactions between the various applications people and businesses use on a daily basis.
- There are four principal types of API commonly used in web-based applications: public, partner, private and composite
- IT & OT:
- Information technology (IT) refers to anything related to computer technology, including hardware and software. Your email, for example, falls under the IT umbrella. This form of technology is less common in industrial settings, but often constitutes the technological backbone of most organizations and companies. These devices and programs have little autonomy and are updated frequently.
- Operational technology (OT) refers to the hardware and software used to change, monitor, or control physical devices, processes, and events within a company or organization. This form of technology is most commonly used in industrial settings, and the devices this technology refers to typically have more autonomy than information technology devices or programs. Examples of OT include SCADA (Supervisory Control and Data Acquisition).
- => The main difference between OT and IT devices is that OT devices control the physical world, while IT systems manage data.
