Universal mCloud is creating a more efficient future with the use of AI and analytics, curbing energy waste, maximizing energy production, and getting the most out of critical energy infrastructure. From there, AI and analytics are applied to maximize their performance.“On an average basis, our customers are saving about 15 to 20 percent on their energy bill”, says Chief Product Officer Barry Po.Moreover, the mCloud family includes an ecosystem of operating subsidiaries that delivers high-performance IoT, AI, 3D, and mobile capabilities to customers, all integrated into AssetCare.
The Toronto company will also leverage PCD Solutions specializations such as its datacenter, cloud architecture, and storage to Converge clients across North America.“We expect PCD Solutions’ sales and solutions strength to enhance our capabilities in becoming a dominant software-enabled hybrid IT provider in the Quebec and Canadian marketplace, as it builds on the platforms we have created with our previous acquisitions,” said Shaun Maine, CEO of Converge. “This acquisition in combination with AssetCare gives mCloud a serious competitive edge over other wind blade inspection providers.”AirFusion creates AI-powered software solutions for infrastructure inspection, automated damage detection, and predictive risk through monitoring. Converge Technology Solutions is building a national platform of regionally focused IT infrastructure firms in the United States (US) and Canada. As part of the deal, PCD Solutions’ customers and team, consisting of technology experts, business consultants, and thought leaders, will join Converge. mCloud is creating a more efficient future with the use of AI and analytics, curbing energy waste, maximizing energy production, and getting the most out of critical energy … PCD Solutions co-presidents Carl Deschênes and Pierre Cayouette will continue in their roles, along with the existing PCD Solutions management team. Further, IoT sensors bring data from connected assets into the cloud.
The full integration with AssetCare’s wind customers is expected to take place in the first quarter of 2020.
All rights reserved. The company’s AI-powered AssetCar platform offers asset management solutions to smart facilities, power generation, and process industries including oil and gas.“AirFusion’s AI-derived results from wind turbine blade images are the best we have seen, reducing processing times by over 90 percent without compromising high accuracy,” said Dave Weinerth, mCloud’s president of smart energy. Using images captured from drone or ground-based inspections, AirFusion’s platform uses patent-pending sensor fusion technology to translate those images into usable data.AirFusion’s Newton Engine, which uses AI to identify and classify damage from images of wind turbine blades, will be embedded into mCloud’s AssetCare platform.
mCloud is creating a more efficient future with the use of AI and analytics. Tech group MCloud Technologies Corp (OTCMKTS:MCLDF) has bolstered its Smart Process business segment with the appointment of Kent Chan as strategic growth manager.He will be responsible for managing operations and driving business for the firm's AssetCare applications for lliquefied natural gas (LNG) in Southeast Asia and Western Canada, the firm said. However, mCloud noted that the purchase price for AirFusion’s assets “is not material” to mCloud and shares are set to be granted to AirFusion as part of the deal. It was stated that shares of mCloud are being offered as part of the deal, with 200,000 offered at the close and another 200,000 within 12 months, based on meeting certain performance targets.The transaction is also subject to the final approval of the TSX Venture Exchange. To explain, this offers complete asset management solutions to three distinct segments: smart buildings, wind energy, and oil and gas. “PCD Solutions also brings a level of expertise around VMware that will allow us to continue to drive value with our Converge Hybrid cloud offerings to our clients.”The acquisition of PCD Solutions marks Converge Technology Solutions’ 12th acquisition since October 2017. PCD Solutions focuses on enterprise system architecture, storage and information management, virtualization and the cloud, business continuity, and disaster recovery.Converge Technology said it plans to introduce its software-enabled hybrid IT solutions, such as identity-based cognitive, cybersecurity, resiliency managed services as well as multi-cloud solutions and enterprise blockchain, to existing and new PCD Solutions customers. Looking to work as a Product Owner, Smart Energy (wind)? In addition, they have over 100 blue chip customers and more than 28,000 assets connected in thousands of locations worldwide. mCloud offers asset management solutions that use IoT, cloud computing, AI, and analytics to curb energy waste and maximize energy production. Full terms of the acquisition were not disclosed. 5 talking about this. mCloud uses their AI-powered AssetCare™ platform. According to AirFusion’s CEO Edward Mier-Jedrzejoqicz, combining mCloud’s asset performance management with AirFusion’s technology will enable better production of wind energy.mCloud’s acquisition of AirFusion comes just under three months after the company “We expect PCD Solutions’ sales and solutions strength to enhance our capabilities.”The acquisition consists of a combination of cash, promissory notes, and annual earn-out payments over a period of three years. To explain, this offers complete asset management solutions to three distinct segments: smart buildings, wind energy, and oil and gas. mCloud is creating a more efficient future with the use of AI and analytics, curbing energy waste, maximizing energy production, and getting the most out of critical energy … From there, AI and analytics are applied to maximize their performance.
Today in acquisitions: mCloud, Converge Technology Solutions