View Inc. (NASDAQ: VIEW) stock declined by 6.79% at the last close whereas the VIEW stock price has been observed rising by 6.29% in the after-hours trading session. View is the industry leader in smart building platforms and smart windows that revolutionize buildings to promote good health and experience, cut energy consumption and carbon emissions, and increase profit for building owners. View Smart Windows utilize artificial intelligence to tint windows automatically in reaction to the sun, removing the need for blinds and improving natural light access.
What is happening?
IoTium, the premier provider of secure, cloud-managed, software-defined IoT networks, has been purchased by View. Building owners can rapidly achieve enterprise-grade security, lower operational expenses, and get real-time access over their entire real estate portfolios using IoTium’s simple-to-deploy solutions.
Real estate owners understand the importance of making their old buildings more safe and intelligent, but they confront a difficult balance. Upgrading legacy networks to achieve best-in-class security and convergent connectivity necessitates a large upfront investment, but keeping them as-is exposes building owners and tenants to security risks. This problem is solved with IoTium. View’s secure edge-cloud solution integrates with both new and current operations technology (OT) networks, is simple to implement, and saves operational expenses by practically eliminating on-site support visits. IoTium’s solution has been installed in over 800 buildings for a number of Fortune 500 companies.
Nitesh Trikha, Chief Product Officer at View stated,
View’s smart building platform makes it simple to implement a wide range of smart building applications in a safe manner. The edge-cloud solution from IoTium makes deployment much easier, especially in older buildings with outdated networks and systems. It is the most dependable, simple-to-deploy, and cost-effective way to integrate enterprise-grade security and convergent edge technology in buildings. By incorporating this into View’s smart building platform, the digital transformation of real estate will be hastened.