Jain Irrigation, Inc., announced Sept. 11 that it is acquiring ETwater. ETwater patented technology integrates data science, machine learning and predictive analytics about weather forecast and environmental variables to automatically, optimally adjust site-specific irrigation schedules. Connecting over the Internet ETwater smart controllers get their schedules through secure, cellular data networks, and users are able to remotely monitor and manage controllers from any mobile or smart device.
“We’re very proud of the positive impact on outdoor water conservation we’ve had in the U.S. market, and raising awareness to the necessity of irrigating in harmony with nature,” said Pat McIntyre, CEO ETwater. “Our customers, from Fortune 100 national retailers to conscientious single-family homeowners, entrust us with driving the automation of their water efficiency. We’ve kept their landscapes healthy and beautiful, while eliminating the waste, damages and costs that result from overwatering. The Jain acquisition will expand ETwater efficiencies throughout the U.S. and now worldwide to become a gold standard in sustainable water management globally.”
“Jain is an early leader in the IoT for agriculture. ETwater will improve our position in agriculture and helps us make a bigger impact in reducing water waste in landscape irrigation,” said Aric Olson, president of Jain Irrigation, Inc. “Jain is the technology leader for irrigation monitoring and control and we are thrilled to have ETwater join our family. After several successful irrigation technology acquisitions, the addition of ETwater, the pioneer of Smart Irrigation control, adds key technologies that can be deployed globally to our growing technology customer base. I’m also excited to have Richard Restuccia leading this team now. He is an industry thought leader for smart controllers and technology for water management. Before joining Jain Irrigation, Inc. in 2014 Richard was the first ever Director of Water Management at ValleyCrest Companies (now Brightview) the largest landscape contractor in the United States. He created real change in landscape irrigation and we expect it will accelerate even faster now.”
Terms of the deal were not disclosed, and the transaction will close shortly after certain customary conditions are met.