British Gas buys internet of things firm

Bee swarm - Wikimedia CommonsA company that has an internet of things offering for remote monitoring and control has been bought by British Gas.

British Gas paid £65 million for AlertMe, one of its suppliers.

AlertMe was partly suppored by UK quango Innovate at its inception.

The company’s services and products are used in over 200,000 homes.

Co-founder of AlertMe Pilgrim Beart, said his firm had worked with British Gas for some years developing the Hive product. That lets you control your heating using a smartphone. British Gas had become so important as a customer that it decided to buy AlertMe.

British Gas said it will use the acquisition to offer products to allow people to control their homes using the internet of things.