Turntide Technologies, the technology company that manufactures the Smart Motor System, a sustainable electric motor with digital DNA, has agreed to purchase Riptide, a next-generation building automation company whose software is designed to facilitate the transition to smart, cloud-managed buildings. In acquiring Riptide, Turntide plans to expand further into building automation by improving and extending its BOS platform to office buildings, retail locations, schools and more.
“In 2021, the state of building automation resembles the computer industry in 1980. The largest buildings have expensive, mainframe-like control systems, and the vast majority of buildings operate in the absence of data and intelligent control,” said Ryan Morris executive chairman and CEO of Turntide. “Moore’s Law continues to drive the cost curve down, making it feasible to bundle effective building automation with our efficient HVAC smart motor upgrades. At Turntide, our vision is to upgrade all the world’s motors to intelligent motor systems, making every watt of energy worthwhile for humanity.”
“With the full transition to renewable energy sources still years away, integrating software to create smart buildings accelerates the reduction of industries’ carbon footprints,” added Mike Franco, co-founder and CEO of Riptide. “Building automation and electric motors go hand-in-hand. We are excited to help Ryan and his team turn the tide on climate change.”