Quantela has acquired Cimcon Lighting in a move which provides the technology company with full coverage and access to the ubiquitous streetlight pole infrastructure.
Quantela founder Sridhar Gadhi says: "Acquiring Cimcon gives Quantela the opportunity to access the streetlight pole infrastructure used to deploy Cimcon controllers. More importantly, the cost savings realised through the deployment of these controllers improves the commercial viability of the digitisation business case, and therefore, improves Quantela's ability to deliver better outcomes to customers.”
Quantela's CEO Amr Salem says the company helps communities by providing “technology enabled outcomes”.
“These outcomes are realised in the form of incremental revenue or cost savings,” Salem contunues.
“Outcomes are powered by real-time data and predictive analytics from applications like digital advertising, traffic management, smart parking, public wi-fi and waste management to help communities achieve their goals.”
“The addition of Cimcon's smart lighting capabilities will enable communities to immediately reduce streetlight energy consumption and maintenance costs,” Salem adds.
As part of the deal, Quantela's location in the Massachusetts town of Burlington will serve as its new US headquarters.
The company further supports communities through what it calls outcomes-based financing, an offering that helps communities invest in projects through cost savings and revenue generation from the implementation of smart technologies.
