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Leviton, the Melville, NY-based manufacturer of lighting management systems, data networking solutions and electrical wiring devices, said it plans to buy Obvius, the energy-management start-up company based in Portland, Oregon.
FORBES: Leviton Buys Energy-IT Start-Up Obvius
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The company says it is a price is paying for transiting from lower-margin mass businesses, while it heads to a glorious future of high-value unified data center architectures and swift, insightful data management.
FORBES: Who's Got A Dell (Issue)?
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Existing IT systems were designed to address problems of data integrity, process management, security and speed for multi-channel transactions.
FORBES: The New Art And Science Of Great Customer Experience