Control4 Corporation (NASDAQ: CTRL), a leading global provider of smart home solutions, today announced the acquisition of Triad Speakers, Inc., a leader in advanced audio technology with best-in-class, customizable speaker-solutions.
"Entertainment is integral to the connected home and our Control4 dealers are designing end-to-end experiences for family room entertainment, home theaters, and indoor and outdoor multi-room music for their customers," said Martin Plaehn, Control4 Chairman and CEO. "The acquisition of Triad brings proven premium-acoustics experience and innovation to our company, enabling us to immediately deepen our entertainment offering and develop new integrated-audio experiences for the future." Full Press Release:
5,000 EXPECTED AT WEARABLE TECHNOLOGY SHOW NEXT WEEK; WORLD'S LARGEST EVENT FOR WEARABLES, AR & VR, IOT AND CONNECTED TECHNOLOGY
Harsh Chauhan for The Motley Fool: From pulling up location coordinates to finding a free parking spot or opening the garage door, virtual assistants in cars are going to play a key role in powering the connected-car revolution. The voice-enabled virtual assistant space is becoming hotly contested among tech giants.
Amazon.com (NASDAQ:AMZN), however, seems to be taking the lead in this market with its Alexa Automotive platform, which is powered by the Echo voice assistant. The company has lined up deals with some of the biggest automakers, and is also receiving support from third-party accessory manufacturers such as Logitech (NASDAQ:LOGI) that could give Alexa a major push.
The Consumer Electronics Show held in Las Vegas last month showed that Alexa is finding favor among carmakers, as Ford (NYSE:F) and Volkswagen (NASDAQOTH:VLKAY) both said they had signed up to use the platform for services including weather updates and navigation. This is a big deal for Amazon; it needs to sign up big automakers for Alexa to steal a march on rivals such as Microsoft's Cortana and Alphabet's Google Assistant. Cont'd...
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