Nlyte Is Acquired by Carrier

Technology & Services

Nlyte acquisition by Carrier


Summary

Nlyte Software ("Nlyte") has signed an agreement to be acquired by Carrier Global Corporation (“Carrier”) (NYSE: CARR). The transaction is expected to close in Q4 2021, subject to customary closing conditions. Further transaction details were not disclosed.

Baird served as the exclusive financial advisor to Nlyte Software on this transaction

About

Since 2004, Nlyte, a leader in data center infrastructure management (DCIM) software, has been committed to helping organizations optimize the management of their IT infrastructure. Nlyte automates the discovery, workflow management and reporting across the entire technology stack, physical, virtual and edge, including software and IoT devices. Nlyte reduces costs and risk while improving efficiency and transparency for the entire organization. Nlyte’s 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. Nlyte is headquartered in Edison, New Jersey.

Carrier Global Corporation is a leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions. Carrier is committed to making the world safer, sustainable and more comfortable for generations to come and operates through three segments: HVAC, Refrigeration and Fire & Security. Nlyte will become part of Automated Logic Corporation (ALC), Carrier's building automation and controls business, within Carrier's HVAC segment. Carrier is headquartered in Palm Beach Gardens, Florida.
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Technology & Services

Nlyte acquisition by Carrier

Date
September 2021
Company
Nlyte Software
Transaction
M&A - Sellside
Sectors
Technology & Services
Verticals
Application Software
IT Services, Security & Networking
Internet & Communications
Technology
Media & Telecommunications
Target Location
North America
Acquiror Location
North America

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