GE Goes All-in on IIoT Analytics Platform Predix with ServiceMax, Bit Stew, and Acquisition

by Ryan Martin | 4Q 2016 | IN-4357

GE is getting a jump on the holiday shopping season. The Boston-based IIoT powerhouse recently agreed to buy ServiceMax, a cloud-based provider of field service management solutions, for US$915 million. Less than 24 hours later at its annual Minds + Machines conference in San Francisco, GE announced the acquisition of not one, but two more companies: Bit Stew Systems ($153 million) and (undisclosed).

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