General Electric, Intel Back Scientific Conservation

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General Electric, Intel Back Scientific Conservation

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#General Electric invests in #Scientific Conservation Inc real estate expansion project. http://3bl.me/y3m853

Summary

Scientific Conservation Inc. aims to increase level of commercial real estate from 15 million square feet to around 100 – 150 million square feet, with the help of industrial market leaders, Intel Capital and General Electric. The large corporations augmented the funding of the project by almost $4 million.

This article discusses the different software SCI created to monitor office buildings and how this has led competitors to respond and develop them further.
Friday, May 13, 2011 - 1:45pm

CONTENT: Blog

Separating the winners from the losers in commercial building management

Back in November, Russ McMeekin, CEO of building management specialist Scientific Conservation Inc., told us that  the company's goal for 2011 was to expand the amount of commercial real estate it controlled from 15 million square feet to a whopping 100 million to 150 million square feet. Now we know how it will happen. Intel today said it will work with the company to improve the efficiency of its various campuses and buildings. Intel Capital and General Electric, which earlier said it would work with SCI on some of its buildings, also became investors in an expanded Series B funding announced in January. The increase raised the round of funding from $15.65 million to $19 million. The endorsement from the two industrial giants could help create some space between SCI and its many competitors in the potentially lucrative, but increasingly crowded, field of commercial building management.

To continue reading about the SCI expansion project, click here.

 

About GE
GE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
 
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Keywords: Technology | GE | Intel Capital | Real Estate | automated building analysis software | building management | sci

CONTENT: Blog