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Riot 239: Around The Web Roundup

// M&A, Strategies, Alliances // GE is spinning off GE Digital as a standalone company, which will still be wholly owned by GE and focused on the IIoT. In addition, GE is selling a majority stake in ServiceMax, a company it bought 2016 for $915mn, to Silver Lake, a private equity firm. GE Digital will have $1.2bn in annual revenue, apparently. The Industrial Internet Consortium and the OpenFog Consortium have announced their merger, thanks to their overlapping interests in the IIoT and edge computing. Avnet is acquiring Softweb, a software company from Texas that specializes in AI-based IoT applications, founded in 2004, with 500 staff, and 600 clients. Semtech plans to buy Trackio (TrackNet) for $8.4mn, in a quietly announced…

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