This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

SmartCloud Secures Strategic Investment From Rockwell Automation

SmartCloud, Inc. announced today that it received a $3 million strategic investment from Rockwell Automation (NYSE: ROK) to increase SmartCloud’s Big Reasoning platform applications.

“We are pleased to work with Rockwell Automation, the world’s largest company dedicated to industrial automation and information,” said Kim Mayyasi, SmartCloud CEO. “They will help reinforce our market position and mission to become a leading provider of real-time xStream reasoning solutions for mission critical environments and the Industrial Internet of Things.”

“As remote monitoring of intelligent motor controls and other Internet-connected devices grows in demand, we believe that SmartCloud’s technology and expertise will help us analyze data more efficiently to support real-time decision making using predictive analytics,” said Gary Pearsons, Rockwell Automation vice president of customer support and maintenance.

SmartCloud, founded in 2009, has developed technology that unifies stream, processing, Semantic Web, and multi-agent architectures in its CRex™ platform. “We solve the challenges of real-time data processing in Big Data environments with Big Reasoning,” said Mike Barnett, executive vice president of SmartCloud’s knowledge engineering.

“Our Big Reasoning platform is the next generation of Big Data technology, namely using artificial intelligence to control complex actions in real time. Depending on the environment, our agent architectures can deploy reasoning power anywhere it’s needed – on devices such as smart meters and smart phones, a company’s servers, or in the cloud,” said Steven Fraleigh, SmartCloud’s chief technology officer.

SmartCloud gained notice in the Smart Grid market when it implemented the nation’s first situation awareness system to monitor North America’s bulk power system and alert staffs at the Federal Energy Regulatory Commission (FERC) and the North American Electric Reliability Corp. (NERC) about emerging situations that could impact reliability. The system takes real-time data from 30,000 data points and identifies and displays critical trends. In 2011, SmartCloud was named a Gartner Cool Vendor in Energy and Utilities” for its unique technology.

“SmartCloud provides the intelligent infrastructure needed in today’s extreme mission-critical applications,” said Paul Lindenfelzer, SmartCloud’s executive vice president of sales and operations. “Working with Rockwell Automation is another significant step in the company’s evolution.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,563.30 -317.06 -1.88%
S&P 500 1,930.67 -39.40 -2.00%
NASDAQ 4,369.7730 -93.1290 -2.09%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs