Johnson Controls Acquires Tempered Networks; Partners With Accenture On Innovation Centers

  • Accenture Plc ACN and Johnson Controls International Plc JCI collaborate to deliver and operate two new OpenBlue Innovation Centers.
  • The centers will drive Johnson Controls' rollout of building control system products and services using technologies such as artificial intelligence (AI), digital twins, the internet of things (IoT), 5G, and the cloud.
  • The focus will be on developing new hardware and software built around 5G and IoT, adding solid system connectivity, control, and visualization for building environments.
  • Also ReadAccenture's Q3 Results
  • Additionally, Johnson Controls acquired a zero-trust cybersecurity provider Tempered Networks, based in Seattle, Washington. Deal terms were not disclosed.
  • Tempered Networks created 'Airwall' technology, a self-defense system for buildings that enables secure network access across diverse endpoint devices, edge gateways, cloud platforms, and service technicians.
  • With this acquisition, Johnson Controls can provide zero trust security into the fabric of its OpenBlue secure communications stack.
  • Johnson Controls plans to roll out the Tempered Networks platform across deployments of its OpenBlue AI-enabled platform and will embed its technology in an increasing number of products and services.
  • Johnson Controls held cash and equivalents of $1.79 billion as of March 31, 2022.
  • Price Action: JCI shares are trading lower by 0.15% at $47.37 and ACN lower by 0.46% at $285.10 on the last check Thursday.

Posted In: BriefsM&ANews

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.