Echelon Goes “All In” on Internet of Things (IoT), but will the Strategy Work?

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Thursday, October 9, 2014 4:59 pm PDT

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Memoori

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With the announcement last week that Echelon has completed the sale of its Smart Grid Division, the company are now “All In” on the Industrial Internet of Things. This move to focus their efforts is in tune with others in Silicon Valley, such as the recently announced Paypal spinoff from eBay, driven through by Carl Icahn to increase shareholder value. 

As well as shedding the grid business to S&T AG for only approximately $4.9 million (after fees, expenses and restructuring charges are considered, Echelon expects the net benefit to be nominal), they have bought in a new experienced CTO, Sohrab Modi and acquired Lumewave, a manufacturer of networked controls and software platforms for outdoor lighting. 

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