Osram Acquires Digital Lumens for Undisclosed Sum

German lighting solutions company Osram announced that it has agreed by buy U.S.-based software provider Digital Lumens. According to Reuters, the financial terms total a mid-double-digit million-dollar sum.

Digital Lumens is rapidly redefining the lighting industry with intelligent LED lighting systems, service offerings, and strategic partnerships that deliver unmatched energy savings, flexibility and value to commercial and industrial customers. The industry’s first intelligent LED lighting system, which includes smart LED lights that are wirelessly networked and centrally managed, is proven to reduce customers’ lighting-related energy use by up to 90%, Digital Lumens plans to transform lighting into a powerful platform for building-wide insight. Designed for large commercial and industrial customer facilities, the company’s solution is deployed in more than 50 million square feet of space worldwide.

Founded in 2008 and based in Massachusetts, Digital Lumens had previously raised $55 million venture capital funding from Goldman Sachs, Black Coral Capital, Flybridge Capital Partners, and Stata Venture Partners.