Daikin Applied acquires minority stake in Riptide IO

Daikin Applied Americas acquired a minority ownership stake in Riptide IO, a Santa Barbara IoT building-automation software company and existing strategic partner. Terms were not disclosed; Daikin's CEO joined Riptide IO's board.

“MINNEAPOLIS — Daikin Applied Americas announced it is acquiring a minority ownership stake in Riptide IO, a Santa Barbara, California-based software company”

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