United Technologies acquires tech firm Predikto

Source: Wall Street Journal.

United Technologies Corp.  today announced it has acquired Predikto, Inc., an Atlanta-based predictive analytics software company.

The acquisition reinforces United Technologies’ global digital strategyto make strategic business investments that enhance the company’s ability to deliver new forms of value for our customers, employees and shareholders

“Data is the lifeblood of any digital strategy and actionable data is the way forward as we deliver real customer value,” said Vince Campisi, Chief Digital Officer, United Technologies.

“We are incredibly excited about this announcement and the future ahead together. By harnessing the best of our combined predictive analytics skillsets, we can better connect all critical assets, understand the reliability and health of our products and ultimately deliver an improved customer experience.

Predikto’s capabilities will help us scale these efforts across United Technologies’ businesses with speed.”

“Predictive analytics and data science have the power to change the way today’s businesses run, especially in complex asset-intensive industries,” said Mario Montag, CEO, Predikto.

“Predikto’s approach and technology has been demonstrated globally across the aviation, rail and shipping industries where unplanned downtime and unscheduled maintenance can be costly.

There is great opportunity for additional applicability to many of United Technologies’ products and services. We are beyond excited to join the team and begin making an impact.”