GE Opens Predix Software Platform to SoftBank Telecom in First Licensing Deal
Global partnership will tap $12B data analytics market in Japan; creates revenue stream for GE across new industries
- SoftBank, the Japanese telecommunications and Internet giant, is the first to license GE’s PredixTM platform for the Industrial Internet and is expected to bring custom Predix industry apps to market in early 2015.
- This partnership expands the reach of Predix to new markets and industries, and builds on the $1B+ PredictivityTM services revenue GE expects this year from its own software solutions.
- SoftBank will gain access to GE’s software platform in the partnership, and will develop targeted apps for industries such as shipping and manufacturing; SoftBank will leverage GE’s Predix App Factory expertise and methodology to scale production.
Holly Gilthorpe, GE
Jessica Oster, GE
John O’Brien, The OutCast Agency