GE forms new software company in overhaul of digital strategy

GENERAL ELECTRIC is creating a new independent software company. As part of the shift, the head of GE Digital, Bill Ruh, will step down. / BLOOMBERG FILE PHOTO/DANIEL ACKER
GENERAL ELECTRIC is creating a new independent software company. As part of the shift, the head of GE Digital, Bill Ruh, will step down. / BLOOMBERG FILE PHOTO/DANIEL ACKER
NEW YORK - General Electric Co. is creating an independent company for its software business as the struggling manufacturer rethinks what had been a key pillar of its growth strategy in recent years. GE will retain ownership of the new operation, which will have about $1.2 billion of existing software revenue, according to a statement Thursday.…
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