mCloud Technologies, a provider of asset management solutions combining IoT, cloud computing, and artificial intelligence, announced that it has signed a Memorandum of Understanding with Fidus Global to begin sales, implementation, and ongoing field services for mCloud’s AssetCare segment for connected buildings in the United States.
Fidus Global said it aims to immediately target over 5,000 commercial buildings from multi-site national retail brands, including outlets, warehouses, distribution centers, and light industry plants. The main offering includes the company’s indoor air quality, HVAC optimization and refrigeration monitoring capabilities. In the months ahead, mCloud and Fidus Global plan to expand the scope of this recent engagement to tens of thousands of commercial buildings across the U.S.
mCloud said it provides Fidus Global with the ability to offer AI-powered solutions, while Fidus Global will provide mCloud with a partner capable of rapid scale who can help connect new sites to the AssetCare platform and coordinate with mCloud’s AI-assisted Live Operations team to resolve field issues with customers.
“We are very excited to join forces with Fidus Global in our rapidly growing business for Connected Buildings,” said Patrick O’Neill, mCloud’s President for North America. “Because Fidus Global already has a solid customer base with large multi-site building portfolios, we expect to quickly add thousands of connected assets at a low cost of customer acquisition.”
“We have seen the demand for our AssetCare indoor air quality and building efficiency solutions reach new heights as we continue to add buildings to our portfolio through our previously announced campaign in New York and California,” O’Neill added. “The performance and compliance provided by AssetCare along with the highly qualified expertise that Fidus Global brings to customers is a perfect match to meet that demand nationwide.”
“We look forward to working with mCloud to swiftly deploy AssetCare among our customers who are seeking solutions to fully re-open their businesses,” said Aarron Hale, president of Fidus Global. “mCloud’s AI capabilities and subscription-based business model combined with the experience we possess in automation design, integration, and ongoing maintenance is a powerful offering for our customers.”
Through mCloud’s AI-powered AssetCare platform, mCloud offers complete asset management solutions in five distinct segments: commercial buildings, renewable energy, healthcare, heavy industry, and connected workers.
The company has its headquarters in Canada and currently has over 100 blue-chip customers and more than 59,000 assets connected in thousands of locations worldwide.