Middleby Acquires Powerhouse Dynamics For Equipment IoT – The Middleby Corporation (NASDAQ:MIDD) | Seeking Alpha
MIDD is investing further in software and services as it seeks to build out its complementary equipment monitoring offerings, increase and deepen customer relationships, and develop potentially new and recurring revenue streams.
Newton, Massachusetts-based Powerhouse Dynamics was founded in 2008 to help managers enhance energy and operational efficiencies of portfolios of small commercial facilities, including restaurants, convenience stores, and retailers through its SiteSage platform.