Security Systems News

AUG 2018

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Head briefs Vivint Smart Home and Google collaborate By Spencer Ives CHICAGO—Nice S.p.A., the Italian international home automation and home security company, recently purchased Poland-based FIBARO, a glob- al smart home brand. The transaction was public as of July 13 and was valued at ¤63 million ($73 million USD) and includes the entire share capital of Fibar Group S.A. including its U.S. subsid- iary. "FIBARO was actively look- ing for a business partner that could provide us not only with the financial resources, but also enable us further and faster growth both in terms of market expansion and prod- uct development," Dominik J ę chorek, head of sales USA & Canada, FIBARO, told Security Systems News in an email interview. "The Nice Group's offer was the one that corresponded perfectly with our needs: the product syn- ergies are obvious and the exchange of solutions and technologies will result in the enhancement of both compa- nies' portfolios." Following the deal, FIBARO will maintain its core focus on the smart home market and developing its products, J ęchorek said, with a focus on North America. "Now, the short-term goal is to ensure seamless integration with the Nice Group products in order to provide our customers with a more deeply integrated smart home system. Through the acquisition we also want to strengthen our presence in North America: We see the home automation market as one with huge potential for further growth especially in this region." FIBARO's products include its FIBARO Home Center hub, multifunction sensors, and scene controllers among other devices. Nice offers various integrated automa- t i o n s o l u t i o n s , i n c l u d i n g some for gates, garage doors, solar shading systems, park- ing systems, wireless alarm systems and home security, for residential, commercial and industrial buildings. "The offers of the two com- panies complements each other: FIBARO offers a wide range of integrated smart h o m e p ro d u c t s a n d N i c e Group's portfolio is built on a u t o m a t i o n s o l u t i o n s f o r gates, garage doors, solar shading systems etc. The acquisition will enhance and expand the portfolios of both companies," J ęchorek said. The FIBARO purchase is Nice Group's biggest invest- ment to date in the smart home and IoT market, FIBA- RO's announcement noted. In April, Nice also acquired abode Systems Inc., a U.S.- based company that special- izes in home security and automation solutions. SSN Nice S.p.A buys FIBARO August Home Smart Lock Pro now integrated into Alarm.com platform SAN FRANCISCO—August Home Inc., a provider of smart and secure front door solutions, in mid-June announced a partnership with Alarm. com to strengthen the security of the front door. By integrating the August Smart Lock Pro into the Alarm.com platform, homeowners with smart home securi- ty systems powered by Alarm.com will be able to remotely control access to the front door, manage their security system and connect to multiple devic- es around the home with a single tap on the Alarm.com app, August said in its announcement. "The addition of interoperabil- ity with Alarm.com-powered secu- rity systems further demonstrates our dedication to providing our customers with the highest level of security and convenience possible," Dale Pistilli, vice president of sales and marketing for August Home, said in a prepared statement. "The Alarm.com platform enables homeowners to intelligently connect a broad range of devices from lead- ing brands, through our single app experience," Anne Ferguson, VP of marketing for Alarm.com, said in the announcement. "Introducing the August Smart Lock Pro to our ecosys- tem furthers our commitment to our service provider partners by giving them more optionality to meet a wide range of customer needs." ADT begins concierge- focused campaign BOCA RATON, Fla.—ADT recently revealed a campaign positioning "concierge services" through its home automation platform, ADT Pulse. The campaign showcases the consumer benefits of integrated home automa- tion of lights, locks, doorbells, video and more—all backed by professional monitoring from ADT. As part of this campaign, ADT rolled out a series of TV spots and online vid- eos that demonstrate various themed personal moments combining ADT's life safety standards and customiz- able smart home experiences. The campaign will also feature expand- ed capabilities with Amazon Alexa. Currently, ADT's interactive Pulse Platform recognizes over 100 voice- activated utterances from Alexa. "ADT brings the benefits of home automation and security together in one app, coupled with the ease and peace of mind that comes from a 'do it for you' installation and profession- ally monitored and maintained solu- tion from ADT," Jamie Haenggi, chief growth officer at ADT, said in a pre- pared statement. By SSN Staff PROVO, Utah—Vivint Smart Home announced a collaboration with Google to make every new Vivint smart home voice-enabled using the Google Assistant. Vivint is giving voice control to every new customer by including two Google Home Mini devices with every smart home system, and adding Nest Thermostat E and Google Wifi as options in its smart home suite. The collaboration builds on Vivint's integration with the Google Assistant, which makes it easy to control lighting, locks, thermostats, garage doors and security features in a Vivint smart home using simple voice commands. "Voice control is the easiest and most intuitive way to com- municate with your smart home and we want to provide this experience to more customers," Jeff Lyman, chief product officer at Vivint Smart Home, said in the announcement. "The power of the Google Assistant to hear and interpret voice commands signifi- cantly adds to the convenience of the smart home experience, whether you're locking doors, adjusting lighting or changing the temperature." Vivint customers can now choose the Nest Thermostat E, in addition to the Nest Learning Thermostat, which has been part of the Vivint smart home suite since 2016. The Nest Thermostat E is an affordable option to help consumers save on energy costs and has a subtle design to blend into any home, Vivint said in the press release. New Vivint custom- ers also benefit from professional installation of Nest thermostats at no additional cost. With the increasing popularity of smart home cameras, Vivint is offering Google Wifi to enhance connectivity for customers with doorbell, indoor and outdoor cameras. With Google Wifi, multiple access points can be set up throughout a home, creating a "mesh" network that delivers a consistently strong, secure signal. "Today the majority of our new customers are purchasing cam- eras as part of their customized Vivint smart home," said Lyman. "Google Wifi helps eliminate dead zones and is particularly beneficial in homes that have multiple cameras with 24/7 con- tinuous video recording," said Lyman. SSN By SSN Staff BOSTON—SimpliSafe, a provider of DIY installed home security systems, on June 29 announced an investment from private equity firm Hellman & Friedman to a c c e l e r a t e SimpliSafe's growth and e x p a n s i o n of the home security mar- ket. Terms of the transac- tion were not announced. " H o m e security is at an inflection point. Despite the market's growth, today still only 20% of homes are protected. With innovative technol- ogy, unparalleled service, and radically fair prices, SimpliSafe is rapidly mak- ing its vision of 'every home secure' a reality," Chad Laurans, founder and CEO of SimpliSafe, said in the announcement. The transaction is expect- ed to close in the third quar- ter of 2018, the announce- ment noted, subject to the w a i t i n g period under the HSR Act a n d o t h e r c u s t o m a r y closing con- ditions. Q a t a l y s t Partners and R a y m o n d James Finan- cial served as advisors to S i m p l i S a f e on the transaction and Goodwin Procter LLP acted as legal counsel to Sim- pliSafe. Simpson Thacher & Bartlett LLP acted as legal counsel to Hellman & Fried- man. Kirkland & Ellis LLP served as legal advisor to Sequoia Capital. SSN SimpliSafe now backed by Hellman & Friedman DIY security provider to focus on increasing market penetration Deal valued at $73 million will expand product portfolios of both companies "The offers of the two companies complements each other: FIBARO offers a wide range of integrated smart home products and Nice Group's portfolio is built on automation solutions for gates, garage doors, solar shading systems etc." —Dominik Jechorek, FIBARO The transaction is expected to close in the third quarter of 2018, subject to the waiting period under the HSR Act and other customary closing conditions. ę e www.securitysystemsnews.com Augu S t 2018 SEC u RI t Y SYS t EMS NEWS Residential s ystems 20 residential s ystems

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