Facility Grid, a software for the construction industry and a portfolio company of Nexa Equity, has announced the acquisition of PingCx, an autonomous commissioning platform for building automation systems.
Alongside the acquisition, Facility Grid is introducing a new product strategy centered on three integrated offerings – FG Construct, Validate, and Sustain -aiming to provide owners, contractors, commissioning providers, engineering firms, and automation providers with a single platform, incorporating AI throughout, to manage building performance from construction through long-term operations.
Daniel Russo, CEO of Facility Grid, said, “Our vision is to create the system of record for engineering to maintain and improve building performance. Bringing PingCx into Facility Grid, and the announcement of FG Sustain, accelerates that vision and gives customers an integrated platform that improves every stage of the building lifecycle.”
Seth Hemley, Principal Investor and Chairman of the Board of PingCx, said, “We’re excited about the exceptional synergy with the Facility Grid product offerings. Our joint customers seek integrated, complete solutions, and this acquisition gives them exactly that from a single connected platform.”
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