Joseph Palenchar for Twice.com: Smart-house platform provider ROC-Connect has entered the North American market following last year’s launch in Europe and Latin America and has turned to the former VP/general manager of Lowe’s smart-home division to lead the rollout. The ex-Lowe’s executive is Kevin Meagher, tapped by ROC as senior VP of business development. He developed Iris, the smart-home platform exclusive to Lowe’s. ROC will offer turnkey solutions to manufacturers, retailers, service providers such as telcos and utilities, health-care facilities and insurance providers. The solutions will deliver “all your company needs to create a smart-home solution for your customers,” the company’s website says. ROC offers a multi-radio gateway/hub intended for DIY installation in the home along with Cloud services. System monitoring and control is available through an app for iOS and Android devices and from web browsers. Cont'd...
By Ben Munson for CEDMagazine: Universal Electronics Inc. (UEI) is strengthening its position in the smart home market by acquiring Ecolink Intelligent Technology, a wireless home security and automation specialist.
UEI is spending about $12.4 million in cash and incentive-based considerations over the next five years to acquire Ecolink’s assets.
Those assets include over 25 issued and pending patents, related intellectual property and Ecolink’s smart home, wireless security and home automation business.
Ecolink will become a wholly owned subsidiary of UEI and continue being operated and marketed under the Ecolink name.
For Ecolink, the acquisition likely means a significant boost in market penetration.
For UEI, the purchase means a stronger foothold in the smart home/home automation market that’s becoming part of many cable companies’ and telco’ businesses. Cont'd...
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