Sarah Tew for CNET: Ben Kaufman is stepping down as CEO of Quirky, the New York-based developer of crowd-sourced inventions Kaufman founded in 2009. The company announced the move via blog post on Friday, citing an "ongoing strategy to focus efforts and resources on Wink," its smart home-centric subsidiary.
That strategy marks a shift from reports earlier this year that Quirky was looking to sell Wink off to the highest bidder. Those efforts were reportedly put on hold in April after a botched security update locked many customers out of their Wink Hubs, the central communications device in Wink's smart home platform. Kaufman, however, confirmed that selling Wink was still a possibility in an interview with Fortune last month. Cont'd...
NetworkThermostat Announces Two New Thermostats UP32HE-IP and UP32HE-WIFI with Humidity Sensing and Events Scheduling
Bob Bryan for BusinessInsider: Currently, there are three types of home security on the market. The industry giants run traditional professionally installed and monitored systems, like what ADT offers and telecoms such as Comcast and AT&T have begun to roll out. These represent 93% of the home-security market, says Citi.
The next is self-installed and professionally monitored in which a customer installs the hardware and then pays a subscriber fee to have the house monitored by professionals. This category includes companies like SimpliSafe, Frontpoint, and Protect America. These companies have 4.7% market share.
Finally, self-installed and monitored systems such as Google's Nest and Dropcam or Apple's HomeKit-enabled devices leave it up to the user to set up their home security and use notifications to enabled devices to alert people. For these services there is no human monitoring the home security. They control 2.3% of the market, but not for long says Citi.
Based on research projections, Citi estimates that self-installed and monitored systems will control 34% of the market in five years, with professional system slipping to 61.6%. In the longer term, 20 years from now, these numbers are projected to basically switch with self-monitored systems holding 62.5% of the market and professional services making up 31.3%. Cont'd...
With More Than $1 Million in Pre-Orders, Ecovent Closes $6.9 Million in Funding to Bring Room-by-Room Temperature Control and Comfort to Homeowners
Uniden Launches First Fully Integrated Wireless DVR Video Surveillance System for Home and Small Business
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