Yaletown Partners Congratulates Bit Stew on Acquisition by GE Digital
November 15, 2016
Yaletown Partners, the first and largest investor in Bit Stew Systems, wishes to congratulate Kevin Collins CEO and Founder and Alex Clark, Chief Software Architect and Founder and the entire Bit Stew team on their acquisition by GE Digital.
“The Bit Stew team has worked tenaciously to establish itself as a global leader in the promising Industrial Internet of Things market and the team will now expand GE’s operating system and applications for the Industrial Internet from right here in the Vancouver area,” said Salil Munjal, Yaletown’s General Partner and Chair of the Bit Stew Board.
“Yaletown has been delighted to support Bit Stew in every round of financing. I also want to recognize the strong investor syndicate we attracted and collaborated with at Bit Stew including Cisco Systems, GE Ventures, BDC Capital and Kensington Capital.”
Incorporated in 2009, Bit Stew has grown to become the premier data integration platform for the Industrial Internet of Things (IIoT) providing data analysis and predictive automation for connected devices used by industrial customers including utilities, manufacturing, aviation and oil and gas. Bit Stew earned global recognition on the Gartner Cool Vendors List and with ranking by Forbes as one of the Top 100 Analytics Companies and Top 100 IoT Startups.
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