Carrier Announces Agreement to Acquire Nlyte Software to Strengthen and Expand Data Center Offerings

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Sep 22, 2021, 06:55 ET

PALM BEACH GARDENS, Fla., Sept. 22, 2021 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR) today announced that it has signed an agreement to acquire Nlyte Software ("Nlyte"), a leader in data center infrastructure management (DCIM) software. Nlyte's proven data center expertise will expand Carrier's HVAC business's access to the growing DCIM segment, complement its differentiated Automated Logic Controls business to create integrated customer solutions, and help fulfill its strategic focus on sustainable and intelligent solutions through increased recurring revenues. Carrier is the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions.

"Nlyte's software and services, along with the expertise of its team, will enable Carrier to further develop our data center capabilities and bring enhanced services and solutions to Carrier's broad, global customer base," said Chris Nelson, President, HVAC, Carrier. "This is an excellent strategic fit and enables us to provide customers a premier offering of data center controls and infrastructure power management."

"This transaction strengthens and expands our data center offerings," said Doug Sabella, CEO, Nlyte. "As a leader in the DCIM market, we will be able to offer new solutions and value-added customer services for HVAC equipment, building automation, controls, security and fire systems. With Carrier's global footprint, Nlyte will be able to reach new segments and geographies."

Nlyte helps customers manage their IT infrastructure and drives digital transformation of data centers. Its DCIM software provides centralized management of all data center resources, which helps organizations plan, view and optimize their data centers for maximum energy efficiency and transparency. These outcomes have helped Nlyte enjoy a 98% customer retention rate.

Nlyte will become part of Automated Logic Corporation (ALC), Carrier's building automation and controls business, within Carrier's HVAC segment. Combining ALC WebCtrl building automation and Nlyte DCIM systems will provide data center customers a complete intelligent solution to further improve operational efficiencies.

Carrier expects to close its acquisition of Nlyte in the fourth quarter of 2021 subject to customary closing conditions. The terms of the transaction were not disclosed.

About Carrier
As the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, Carrier Global Corporation is committed to making the world safer, sustainable and more comfortable for generations to come. From the beginning, we've led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do. For more information, visit www.Corporate.Carrier.com or follow us on social media at @Carrier.

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The above list of factors is not exhaustive or necessarily in order of importance. For additional information on identifying factors that may cause actual results to vary materially from those stated in forward-looking statements, see Carrier's reports on Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission from time to time. Any forward-looking statement speaks only as of the date on which it is made, and Carrier assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

SOURCE Carrier Global Corporation