Acuity Brands, Inc. Announces Acquisition of Lucid Design Group, Inc.
Tuesday, February 13th, 2018
Acuity Brands, Inc. announced it has acquired Lucid Design Group, Inc. (Lucid), an Oakland, CA-based provider of building analytics through its industry-leading BuildingOS business intelligence platform. The Company believes the combination of Lucid's BuildingOS platform and Acuity Brands' large installed base of networked sensors for lighting and building automation controls and its Atrius Internet of Things ecosystem will provide the industry's most comprehensive building operations and analytics platform, enabling customers to have unparalleled insights about their energy use and other building operations.
Lucid provides a data and analytics platform to make data-driven decisions to improve building efficiency and drive energy conservation and savings. Its SaaS-based BuildingOS platform enables owners, operators, and occupants to gain powerful insights into the operations of their buildings, providing the ability to make them more efficient and improve the performance of the people and businesses utilizing these strategic assets.
"Lucid's technology will allow us to extend the power of our digital networked lighting, building management and IoT solutions," said Laurent J. Vernerey, President of the Acuity Technology Group and Executive Vice President of Acuity Brands, Inc. "The Lucid acquisition supports our strategy of further unlocking the value of Internet of Things (IoT) capabilities within buildings by connecting advanced sensory network solutions with the broader integrated building data required to drive better operational and business performance."
BuildingOS will remain an independent and open platform focused on integrating any data source associated with a building, from modern digital lighting networks to legacy systems and operations data. Lucid has built integrations into over 180 different building data systems and services, including systems tracking utility data, building automation systems, work order systems, and property management solutions. The platform will continue to be data source agnostic and focus on the power of analytics applied to integrated data streams.
"We are excited by the opportunity to leverage Acuity Brands' broad IoT and control capabilities to deliver a more complete solution to our customers," said Will Coleman, CEO, Lucid Design Group, Inc. "Buildings are being transformed by data and intelligent systems in the same way as every other industry, helping to address and manage unnecessary costs, lost revenue, and productivity deficiencies. Combining the intelligence Lucid's BuildingOS platform will provide with Acuity Brands' digital lighting-based sensory networks and Atrius software platform will help customers unlock the value of the expanding IoT landscape within buildings."
BuildingOS has been adopted by more than 500 customers and provides analytics for more than 15,000 buildings. It empowers over 12,000 energy and sustainability management professionals in maximizing energy efficiency while improving occupant satisfaction within their buildings.
The acquisition of Lucid is not expected to have a material impact on the fiscal 2018 consolidated financial performance of Acuity Brands. Terms of the acquisition were not disclosed.