Alarm.com Holdings, a cloud-connected home security and energy platform with 2.3 million subscribers, announced terms for its IPO on Monday. The Vienna, VA-based company plans to raise $98 million by offering 7 million shares at a price range of $13 to $15. At the midpoint of the proposed range, Alarm.com would command a fully diluted market value of $669 million. Alarm.com, which was founded in 2000 and booked $176 million in sales for the 12 months ended March 31, 2015, plans to list on the NASDAQ under the symbol ALRM. Goldman Sachs, Credit Suisse and BofA Merrill Lynch are the joint bookrunners on the deal. It is expected to price during the week of June 22, 2015.
Google Inc.’s GOOGL Nest Labs is gearing up to release a wireless home security camera to expand its range of "Internet of Things" (IoT) product lineup. The information became public through leaked images on U.S. website Droid-Life. The revelation comes a week before Nest’s press conference on Jun 17 in London and San Francisco, CA, where it is slated to unveil the next-generation of the wireless camera Dropcam, called the Nest Cam. Droid Life noted that Nest and Google have been testing the new camera for some months now. The images reveal that the camera looks similar to a Dropcam, which Nest Labs acquired in June last year for $555 million in cash. Dropcam is a video-monitoring and Internet home security camera maker. Nest Cam is the latest development of Google’s Nest brand since it acquired the home automation startup in Jan 2014 for $3.2 billion. Nest Labs focuses on offering simple and aesthetically pleasing hardware, software and services, like the Nest Learning Thermostat, Nest Energy Services and Nest Protect: Smoke + Carbon Monoxide.
SOURCE: SECURITYINFOWATCH.COM: Through managed smart home offerings from retailers such as Lowes and Staples as well as standalone devices such as video cameras from Dropcam, or smart locks from Kwikset, the research firm said consumers increasingly have the option to install and monitor their own security systems. Demand for such smart home systems are expected to outpace traditional professional monitored security subscriptions as consumers ditch the installation fees, monthly payments and long service contracts of the traditional offerings. At the same time, professionally monitored security service providers such as Frontpoint Security and NextAlarm offer solutions where users self-install their devices, or can integrate existing dormant installations into new IP based services. “Self-install and self-monitor home security solutions are real threats to the standard business models offered by traditional vendors,” said Dan Shey, practice Director at ABI Research. “While matching these solutions is one option, traditional vendors need to look for ways to better integrate their core services with partner smart home services. These can range from call-center monitoring as a plug-in service to bringing home video monitoring into the call center.”
Alarm.com, a company providing security and home automation products, has filed for an initial public offering (IPO) and is looking to raise up to $75 million through the offering, as per documents filed with the US Securities and Exchange Commission. The company is trying to make headway in the market for smart homes before more established companies such as Google Inc (NASDAQ:GOOGL) and Apple Inc. (NASDAQ:AAPL) hit the home automation market. The S-1 filing lists Credit Suisse, Goldman Sachs, and Bank of America Merrill Lynch as key underwriters. Alarm.com was founded in 2000, and for the last five years has been trying to penetrate the home automation sector, inking deals with other service providers to offer products to consumers to enable them to automate their homes. The automation entails controlling lights, appliances, door locks, and other things remotely.
The ADT Corporation unveiled a series of innovative partnerships and new product and platform enhancements aimed at delivering advanced solutions to its residential and business customer base. Driven by President and Chief Executive Officer Naren Gursahaney’s mission to “put the customer at the center of everything we do” and “secure the connected world,” these announcements include: A new alliance with global consumer electronics leader LG Electronics to deliver a groundbreaking “All-In-One” smart security product, coupled with ADT security services; and a partnership with Nest to integrate its acclaimed Nest Learning Thermostat into ADT’s Pulse® ecosystem. Both are made possible through ADT’s ongoing investments in its technology and innovation platforms. As broadband adoption continues to grow, there is a greater push for leveraging home automation within both the consumer and industrial Internet of Things (IoT) segments. ADT’s market leadership in home and business security makes it an attractive and highly sought-after partner for a broad range of leading technology companies. With innovative new user experiences driven by its platform, ADT can now address traditional monitored security, while also adding new smart security solutions for residential and business customers - empowering users to be in greater control of that which they value most.
FIBARO, a leading European manufacturer of wireless, intelligent home automation systems, announced that the main participant in the FIBARO Mount Everest Challenge Powered by Z-Wave, Mariusz Malkowski, has been rescued from the mountain and is now home with his family in New Jersey, USA. Malkowski Helped People Trapped Under The Snow Malkowski was about two weeks into his ascent when the 7.8-magnitude earthquake and ensuing avalanche hit. He miraculously survived the avalanche, uninjured, and was able to help people who were trapped under the snow and save lives. FIBARO arranged to have him airlifted off the mountain on Monday via helicopter. He was brought to New Delhi for a short stopover, after which he was able to catch a flight for the 15-hour trip back to the U.S. “I feel so fortunate to have survived such a horrible tragedy,” Malkowski said. “Obviously, there were thousands of people that weren’t so lucky. The devastation there is overwhelming. Our hearts go out to the people of Nepal and their families.”
THIS PAST SATURDAY, one in four people who had come to rely on Wink as the brains behind their smart home set-up found their connected devices suddenly lobotomized. Devices connected to the Wink Hub couldn’t access the internet, meaning that they could no longer be controlled via app, and wouldn’t execute their pre-programmed rituals. Simply put, nothing worked. In an emailed statement, Wink confirmed that the cause of the outage was a “misconfiguration” of a security measure it had implemented previously. Several Wink Hub units couldn’t be fixed remotely, and those users will either have to try to repair their own using Wink-provided instructions, or mail them in for a replacement. Around 10 percent of Wink users are still without service, and the Hub has been pulled from shelves until further notice. But Wink’s weekend failure reminds us that the smart home of the future won’t be immune from the testiness that plagues any technology. In fact, those common, unavoidable flailings will be even more frustrating. Nearly a year ago, Mat Honan wrote The Nightmare on Connected Home Street, a glimpse at the inevitable dystopia caused by hooking up our households and everything within them to the internet sewage pipe. We’re not nearly at the full-fledged horror stage, but incidents like the weekend Wink stink are the foundation on which our frustrating smart home future will be built. Cont'd..
ISC West is the largest physical security show in North America featuring over 1,000 exhibitors in one place over a 3 day period. ISC West is the security industry’s premier launching pad for new products, solutions and technologies. 26,000 security professionals attend the show to view the 10,000+ products featured on its show floor and attend business critical education sessions on the newest technologies in security. As a media partner for ISC West 2015 HomeToys.com will be bringing all the industry news and exciting new products to our eMagazine to help our readers make sense of the massive event. Check out our Special ISC West Tradeshow Report and our special ISC West Newspage for Exhibitor news and announcements.
Makers, developers and hobbyists who enjoy making projects from home automation using different Arduino microcontrollers, Raspberry Pi mini PCs or anything else that can connect to the Internet of Things. Maybe interested in a new IoT relay that has been created by Team IoT to allow you to easily connect devices and boards to mains voltages to create the perfect home automation systems. The IoT relay project is currently over on the Kickstarter crowd funding website looking to raise $8,750 in pledges to make the jump from concept to production and is currently priced at just $20 per relay. Watch the video below to learn more about this new relay and how it may help you expand the functionality of your projects using Arduino microcontrollers. “Imagine the applications: A smart fish tank. DIY home automation. Industrial control. Wireless remote lighting. Home theater. Security. This is the Internet of Things. You can build almost anything imaginable with an Arduino. But how do you hook it up? A $60 WiFi plug? No thanks. Enter the IoT relay. It’s an easy, affordable way to control the Internet of Things from your DIY circuit. Connect to any micro or WiFi adapter. It’s simple — only two wires. The high-voltage switching is done inside the box. Just hook it up and plug in.
LINQ Home, a maker of energy-saving home automation products, today announced the launch of a Kickstarter Campaign to improve Heating and Cooling through smart vents. LINQ is providing households with unprecedented control over HVAC systems. By sensing the temperature in each room and adjusting dampers on every vent, LINQ’s system enables room-by-room temperature control. The system routes air to the rooms that need it, and not to those that don’t. Air flow data processed through algorithms, opens and closes the vents and prevents strain on the furnace or AC unit. Rooms reach their set points faster, run times of HVAC equipment are reduced, and the increased efficiency translates to money savings and consistent comfort. “I couldn’t believe the temperature variances between the rooms in my home,” said Jason Griggs, founder and CTO of LINQ Home. “When I first started testing our Smart Vent system there was a 12 degree difference between rooms. The variance resulted in seemingly endless thermostat wars.” LINQ Smart Vents have all the perks of a zoning system, at less than half the price, and with none of the inconvenience of construction. The simple-to-install, retrofittable system saves users up to 50% on monthly heating and cooling costs.
Some of the most important innovations happening in energy today are happening far from the national media headlines. But these small changes will go a long way to making power more reliable, competitive, and local, with solar energy playing a central disruptive role that could dominate energy in the next century. One of those moves happened yesterday, when SunPower bought a $20 million stake in Tendril and agreed to license its Energy Services Management Platform software. Here's what the deal means over the next few years. At its core, Tendril is essentially an energy data company. It collects and analyzes data about consumers' energy usage patterns, primarily learned from partnerships with utilities. SunPower can use this data in its installations to optimize a home's renewable energy consumption, provide stored energy when it's needed, adapt to changing policies for solar, and even improve sales by finding its ideal customers. You can think of SunPower's capabilities with Tendril as a piece of the home of the future. SunPower will provide local energy production with solar panels, and with energy storage and connected devices SunPower can intelligently plan energy production and consumption based on consumers' desires. If a consumer wants to consume as little energy as possible the system can be set for that, just as it could be set to consume as much of your own energy production, or optimize for cost if there are rewards for sending energy to the grid at peak times. All of this will work in the background, similar to a car's eco mode, but it'll work to make energy more dynamic and controllable for consumers.
For Airbnb hosts who want to keep tabs on their homes, a full home security system might be overkill. They’re expensive, and live cameras and motion detectors invade guests’ privacy. So how do they make sure guests keep the volume down, aren’t smoking inside and don’t ransack their home? A new device called Point combines microphones with environmental sensors to detect anything out of the ordinary in your home while you are away. A broken window while you’re at work, the sound of your teenagers throwing a raging party, Grandad sneaking an unauthorized after-dinner cigar. “They want to have peace of mind and know that everything is fine, but they don’t want or need full security systems,” said Nils Mattisson, co-founder of Form Devices, the start-up that makes Point. Small, round and plastic, Point looks like a traditional smoke alarm crossed with a speaker. Sounds are matched with data from the other sensors to figure out what might have happened — a loud crash followed by a drop in temperature might mean a window was broken. It hears when an existing smoke detector goes off and sends an alert, though it’s not certified as an official smoke detector on its own. It has a microphone that can detect sounds outside that the human ear could pick up. Environmental sensors pick up temperature; the particle sensor can tell what’s in the air.
Rheem, one of the leading manufacturers of water heaters in the U.S., has just launched a Wi-Fi module for electric and gas water heaters that lets you monitor the performance of the device, control its energy usage and be warned about leaks or other potentially costly malfunctions. Part of its new EcoNet Home Comfort technology that will control all Rheem HVAC and water heating devices, the Wi-Fi Module for Water Heaters is a good example of the unification of green technology and home automation industries. But, the control possible using Rheem's free EcoNet app is the best example to date of the intersection of energy savings with home automation. Responsible for up to 18% of a home's energy use, a water heater just sits there 24/7, heating and reheating water to a set temperature. With the Wi-Fi water module attached, it can now be programmed from your smartphone. Using the Rheem app to set schedules based on your lifestyle and usage needs -- and being able to quickly change things on the fly -- the module makes it possible to save energy without inconveniencing you. So if you have it programmed to cool down during the day while you’re at work, but then unexpected get the day off, you can override your normal schedule in a snap. Heading out of town? Remotely set the water heater to vacation mode, preventing it from heating and reheating water that's not going to be used.
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Security & Communication - Featured Product
C1M1 offers a truly significant reduction in transmission time in comparison to other communicators that rely on dial capture or data bus decoding. This can result in quicker response time to emergency situations which could save lives and assets. By providing both IP and cellular pathways, C1M1 provides the reliability installers are looking for in an alarm communicator. C1M1 eliminates port forwarding and extra fees for remote access. Installers can remotely upload/download programming changes to M1 controls over IP or cellular using ElkRP2. Consumers can control the M1 remotely via the free ElkLink mobile app and web portal, as well as eKeypad and M1 Touch Pro apps. Other IP-based software and interface partners can connect to the M1 control over the local network through C1M1. C1M1 also provides email/text notifications for arm, disarm, and alarm events. ELK-C1M14GSM supports GSM (AT&T/T-Mobile) networks and ELK-C1M1CDMA supports CDMA (Verizon) networks.