BRIEF: Hartford Steam Boiler Buys Texas Startup

Oct. 14--Hartford Steam Boiler bought Meshify, a Houston-based startup that puts sensors on industrial equipment and provides analytics for the data. The system also can send commands to the equipment as a result of what the system learns from the data stream.

Meshify, which has five employees, will not be moved to Hartford as a result of the acquisition.

Hartford Steam Boiler, an insurer that is part of Munich Re, declined to say what it paid for Meshify. It said the purchase supports the company's "Internet of Things" strategy of providing services and technologies to help businesses improve operations so that they can prevent or reduce insured losses.

"We are excited to join HSB, they clearly share our vision of an efficient and connected world," said Dane Witbeck, CEO of Meshify. He said Hartford Steam Boiler's client base provides an opportunity to make new sales in a broad range of industries.

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