Carrier Global (CARR) to Acquire Nlyte Software

Carrier Global Corporation (NYSE: CARR) today announced that it has signed an agreement to acquire Nlyte Software ("Nlyte"), a leader in data center infrastructure management (DCIM) software. Nlyte's proven data center expertise will expand Carrier's HVAC business's access to the growing DCIM segment, complement its differentiated Automated Logic Controls business to create integrated customer solutions, and help fulfill its strategic focus on sustainable and intelligent solutions through increased recurring revenues. Carrier is the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions.

"Nlyte's software and services, along with the expertise of its team, will enable Carrier to further develop our data center capabilities and bring enhanced services and solutions to Carrier's broad, global customer base," said Chris Nelson, President, HVAC, Carrier. "This is an excellent strategic fit and enables us to provide customers a premier offering of data center controls and infrastructure power management."

"This transaction strengthens and expands our data center offerings," said Doug Sabella, CEO, Nlyte. "As a leader in the DCIM market, we will be able to offer new solutions and value-added customer services for HVAC equipment, building automation, controls, security and fire systems. With Carrier's global footprint, Nlyte will be able to reach new segments and geographies."

Nlyte helps customers manage their IT infrastructure and drives digital transformation of data centers. Its 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. These outcomes have helped Nlyte enjoy a 98% customer retention rate.

Nlyte will become part of Automated Logic Corporation (ALC), Carrier's building automation and controls business, within Carrier's HVAC segment. Combining ALC WebCtrl building automation and Nlyte DCIM systems will provide data center customers a complete intelligent solution to further improve operational efficiencies.

Carrier expects to close its acquisition of Nlyte in the fourth quarter of 2021 subject to customary closing conditions. The terms of the transaction were not disclosed.

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