Bit Stew Systems

Bit Stew Systems, founded in 2009, is a Vancouver-based industrial IoT and data integration company that initially focused on utilities and energy before pivoting to broader industrial applications.

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Provides industrial IoT software that connects and analyzes data from machines and sensors.

Bit Stew Systems, founded in 2009, is a Vancouver-based industrial IoT and data integration company that initially focused on utilities and energy before pivoting to broader industrial applications. The company developed its MIx Core platform to ingest, contextualize, and analyze machine data from sensors and industrial equipment. In 2016, GE Digital acquired Bit Stew for approximately $200 million, folding its technology into GE's Predix industrial IoT suite.

Post-acquisition, Bit Stew operated as an independent subsidiary until being fully absorbed into GE Digital's operations by 2018. The company's original co-founders, Kevin Collins and Kevin Dahlstrom, departed during this integration period. While Bit Stew no longer operates as a standalone entity, its core IP continues to power GE Digital's industrial analytics offerings, particularly in predictive maintenance and asset performance management for energy grids and manufacturing facilities. The acquisition marked one of Canada's larger tech exits at the time, though some industry observers noted challenges in adapting Bit Stew's utility-focused approach to GE's broader industrial customer base.

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Who buys this

  • Electric utilities managing grid infrastructure
  • Oil and gas companies monitoring pipelines and refineries
  • Manufacturers implementing predictive maintenance
  • Industrial equipment OEMs embedding analytics

Strengths and what to watch

Strengths

  • Proven track record in complex industrial data integration scenarios
  • Acquisition by GE validated core technology in energy vertical
  • Patented data modeling approach for time-series industrial data

Watch for

  • Original technology now fully absorbed into GE Digital with no independent roadmap
  • Key founding team departed post-acquisition
  • Limited public updates on product evolution since 2018 integration

Key Information

Founded
2009
Headquarters
Vancouver, Canada

Frequently Asked Questions

What is Bit Stew Systems?

Bit Stew Systems, founded in 2009, is a Vancouver-based industrial IoT company specializing in data integration. It developed the MIx Core platform to connect and analyze machine data from sensors and industrial equipment. GE Digital acquired Bit Stew in 2016 for approximately $200 million.

What does Bit Stew's MIx Core platform do?

Bit Stew's MIx Core platform ingests, contextualizes, and analyzes machine data from sensors and industrial equipment. It focuses on complex industrial data integration scenarios, particularly in utilities and energy, enabling predictive maintenance and asset performance management for energy grids and manufacturing facilities.

When was Bit Stew Systems acquired by GE Digital?

Bit Stew Systems was acquired by GE Digital in 2016 for approximately $200 million. Post-acquisition, Bit Stew operated as an independent subsidiary before being fully integrated into GE Digital's operations by 2018. Its technology now powers GE's Predix industrial IoT suite.

What industries does Bit Stew Systems serve?

Bit Stew Systems serves electric utilities managing grid infrastructure, oil and gas companies monitoring pipelines and refineries, manufacturers implementing predictive maintenance, and industrial equipment OEMs embedding analytics. Its technology focuses on industrial IoT applications in energy and manufacturing sectors.

What happened to Bit Stew Systems after the GE acquisition?

After GE Digital acquired Bit Stew Systems in 2016, it operated as an independent subsidiary until fully absorbed into GE Digital's operations by 2018. The co-founders departed during this integration, and Bit Stew's technology now powers GE's Predix industrial IoT suite.

Does Bit Stew Systems still operate independently?

Bit Stew Systems no longer operates independently. After its acquisition by GE Digital in 2016, it was fully integrated into GE Digital's operations by 2018. Its core IP continues to power GE Digital's industrial analytics offerings, particularly in predictive maintenance and asset performance management.

Sources

  1. www.prnewswire.com — Financial reporting structure example for industrial tech companies
  2. www.stocktitan.net — Example of technology company financial reporting
  3. techcrunch.com — General tech industry context
  4. news.crunchbase.com — Industry trends in tech workforce changes