Honeywell Acquires Sine Group, a Technology and SaaS Provider
Sine’s mobile application enables touchless check-in using smartphones across a wide variety of industries, including commercial real estate.
Sine's technologies for mobile and SaaS will provide Honeywell with opportunities to expand Honeywell Forge's capabilities for mobile devices.
ATLANTA — Honeywell (NYSE: HON) has acquired Sine Group, an Australia-based technology and software as a service (SaaS) company that provides visitor management, workplace and supply chain solutions that are readily accessible with mobile devices.
Sine’s technologies will support a Cloud-based mobile platform for Honeywell Forge, the conglomerate’s enterprise performance management offering. Sine’s software will also augment Honeywell’s Connected Buildings offerings with expanded safety, security and compliance capabilities.
Honeywell will expand on Sine’s features and solutions and make Sine’s offerings available to more customers, globally, according to an announcement.
“Sine’s innovative and intuitive self-service software, combined with Honeywell Forge, will enable our customers to return to work and help keep their employees and customers safe,” says Que Dallara, president and CEO, Honeywell Connected Enterprise. “We will leverage Sine’s technological know-how and expertise to create a mobile extension of Honeywell Forge while also substantially enhancing our Connected Buildings offerings to enable even greater levels of safety and productivity for building occupants and their guests.”
Sine’s intuitive mobile application is said to enable touchless check-in by mobile phone across a wide variety of industries including commercial real estate, pharma, education, industrial, logistics, construction and others.
Sine’s SaaS solution provides companies with capabilities to help improve safety, security and compliance across their facilities for visitors, building occupants and workers. Sine has also built a suite of features to enable organizations to manage their COVID-19 return-to-workplace protocols, including pre-screening, thermal camera integrations, capacity management and contact tracing.
“The combination of Sine’s visitor management software and Honeywell’s enterprise performance management software is a powerful one for businesses globally,” says Antony Ceravolo, founder and CEO of Sine. “Together, with an accelerated roadmap, we will deliver a deeper set of solutions globally, while continuing to grow our ecosystem of partners and third-party integrations.”
Honeywell Forge is described as purpose-built on a native edge-to-Cloud, data-driven architecture designed to accelerate digital transformation of operations. For industrial businesses, the enterprise SaaS application is said to provide capabilities for facility, plant, or warehouse managers to help make their operations smarter, leaner and more efficient.
Terms of the deal were not disclosed. There is no change to Honeywell’s 2020 financial guidance as a result of the acquisition, according to the announcement.
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