Seeking to add a leading comprehensive suite of smart city solutions enabled by its ThingSpace internet of things (IoT) platform to help communities increase economic development, drive citizen engagement and enable sustainability, Verizon Communications announced it has signed an agreement to purchase Sensity Systems, a private company based in Sunnyvale, California.

The Chinese Academy of Sciences (CAS) and Sensity Systems Inc., provider of a leading Internet of Things (IoT) platform for Smart Cities, today announced an agreement under which the two organizations will form a new joint venture in China to focus on the development of smart city solutions for China and sales worldwide. The resultant IoT Platform for Chinese Smart Cities will be application compatible with the current Sensity IoT Smart City Platform, thereby providing application developers access to a global market for cities. Outside of China, the joint venture products will be sold under the Sensity platform program.

Sensity Systems Inc., provider of a leading Internet of Things (IoT) platform for Smart Cities, and Genetec Inc. “Genetec”, a leading manufacturer of open-platform, unified IP security solutions, today announced that the two companies will offer an advanced IoT public safety and security solution. Sensity and Genetec will demonstrate their solution in Booth #537 at the San Diego Convention Center at LIGHTFAIR International (LFI), being held from April 26 to 28. The companies also announced that Kansas City, Missouri is deploying the solution to monitor its new streetcar line.

At the ASIS International Conference (ASIS 2015), Genetec™, a leading manufacturer of open-platform, unified IP security solutions, andSensity®Systems Inc., the pioneer of light sensory networks (LSNs), announced a strategic alliance to develop security-focused solutions and applications for municipalities, retail and more, built on Sensity’s NetSense™ platform. As part of the agreement, Sensity has completed interoperability certification for its Video Node with the Genetec Omnicast™ video management system (VMS) and announces that Genetec has joined the NetSense Partner Program to offer additional security applications in the future for light sensory networks worldwide.

Sensity Systems, the pioneer of Light Sensory Networks (LSNs), has closed a private funding round of $36 million led by Cisco Investments and includes industry leaders Acuity Brands, GE Ventures and Simon Venture Group (corporate investment arm of Simon Property Group). Sensity has now raised a total of $74 million since its inception from venture investors Almaz Capital, Mohr Davidow Ventures, Radar Partners and Silver Creek Ventures, in addition to these four industry-leading lighting, networking and retail organizations. The investment will be used to scale Sensity’s NetSense platform and application developer program globally.