| For Immediate Release |
Contact: Jeremy Milner
401-862-9422
jeremy@jeremymilner.com
Jill Burnie
617-375-4217
jill.burnie@morgankeegan.com |
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GE Intelligent Platforms Acquires SmartSignal
Morgan Keegan is pleased to announce that SmartSignal Corporation has been acquired by GE Intelligent Platforms. Morgan Keegan Technology Group acted as exclusive financial advisor to SmartSignal in this transaction. SmartSignal is a leading provider of predictive diagnostic software for power generation, oil and gas and other industrial sectors.
“The acquisition of SmartSignal shows our commitment to continue investing in GE Intelligent Platforms’ Software & Services business, and will serve as an important catalyst to rapidly expand the capabilities of our Operational Intelligence platform,” said Maryrose Sylvester, President & CEO for GE Intelligent Platforms.
“With GE’s commitment to solving difficult challenges in today’s business environment,” said Jim Gagnard, President & CEO of SmartSignal, “we believe our solution can help provide a holistic approach to Operational Intelligence across many industries no matter what type of equipment the customer is trying to manage.”
About SmartSignal
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SmartSignal is a privately-held analytics software company based in Lisle, Illinois, which specializes in providing remote monitoring and diagnostics solutions used to anticipate, prevent, and avoid equipment failure. SmartSignal detects and identifies abnormal equipment behavior and provides exception-based notifications of developing problems along with diagnoses and prioritizations. Its solutions are device-agnostic and are found on equipment from GE, Siemens, Rolls Royce, Alstom, Flowserve, Waukesha, Byron Jackson, Cooper-Bessemer, and others. The Company has more than 40 product and technology patents, and has won more than 25 awards for product excellence.
About GE Intelligent Platforms
Headquartered in Charlottesville, VA, GE Intelligent Platforms is an experienced high-performance technology company and a global provider of software, hardware, services, and expertise in automation and embedded computing. The Company offers a unique foundation of agile and reliable technology providing customers a sustainable competitive advantage in the industries they serve, including energy, water, consumer packaged goods, government & defense, and telecommunications.
About Morgan Keegan
Morgan Keegan, a full-service brokerage and investment banking firm, has more than 4,100 employees in 300 offices across the country. The firm’s Investment Banking division provides comprehensive merger and acquisition advisory, public equity and private capital services to public and private middle-market companies as well as private equity groups. Industry sectors include:
- Transportation & Logistics
- Industrial
- Consumer
- Energy
- Security & Defense
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- Financial Services
- Healthcare
- Technology
- Real Estate
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