Generac (GNRC) Buys Blue Pillar to Boost Connectivity Solutions
Summary
Generac GNRC recently acquired an industrial internet of things (IoT) software platform — Blue Pillar for an undisclosed amount. Blue Pillar specializes in providing Industrial IoT network software solutions in a simple format to aid in efficient and seamless monitoring and control of distributed energy generation. These capabilities aid in lowering dependence on the power grid and help in managing energy consumption and related costs and boost the overall performance of equipment. With Blue Pillar buyout, the company will be able to provide a comprehensive connectivity solution to commercial and industrial customers, noted Generac. Some better-ranked stocks from the broader technology space are Synopsys SNPS, Pure Storage PSTG and Arista Networks ANET.