Residential
Allegion unveils new 2023 multifamily living trends report
September 26, 2023SSN Staff
CARMEL, Ind.—Allegion U.S., a provider of security products and solutions, has unveiled the results of a new multifamily living trends survey that provides insight into preferences and expectations of today's renters.
The report, "2023 Multifamily Living Trends: A Study on What Multifamily Renters Desire, Expect and Will Pay More For in Their Residences," analyzes input from over 1,000 survey respondents who currently rent or own multifamily residences or plan to in the next two years.
Beyond...
Snap One opens six new local partner stores, plans to host over 400 events
September 26, 2023SSN Staff
CHARLOTTE, N.C.—Snap One, a manufacturer and distributor of smart living and business technologies, announced that it has opened six new partner store locations across the U.S.
The new partner stores are in Secaucus, N.J.; Lenexa, Kan.; Boise, Id.; Fort Myers, Fla.; and Cincinnati and Cleveland, Ohio, with an additional grand opening to come in Raleigh, N.C.
In addition to offering product support to regions plagued by delivery complications and product procurement issues, Snap One is...
Brinks Home appoints Thomas Kim as chief financial officer
September 20, 2023SSN Staff
DALLAS—Brinks Home, one of the largest home security and alarm monitoring companies in the U.S., has announced the appointment of Thomas (Tom) Kim as chief financial officer, effective immediately.
This strategic move follows a successful financial restructuring, positioning Brinks Home for a robust and sustainable future, according to the company.
Kim, with over 20 years of financial leadership experience, brings a wealth of expertise to Brinks Home. His impressive track record includes...
Latch announces 48,000-square-foot HQ, new jobs in St. Louis
September 18, 2023SSN Staff
ST. LOUIS – Latch, which will soon be known as Door.com, announced that it’s moving its headquarters from New York City to St. Louis.
The new HQ will be located at 1220 N. Price Road in the Olivette community, and features both warehouse and office space, bringing all inventory and select core business functions together under one roof. The company believes this streamlining of activities in St. Louis will enable better support to its customers and will continue to drive more operational...
Nice North America completes convergence of brands to deliver whole home solutions
September 7, 2023SSN Staff
CARLSBAD, Calif. – Nice, a global provider of home and building management solutions, announced the completed convergence of ELAN, SpeakerCraft, and Panamax Energy Management to the Nice brand name.
Following its acquisition of Nortek Security & Control in 2021, Nice said that it has been focused on executing its strategic plan to strengthen the company’s position as an industry leader in North America through consolidation of its portfolio under a single brand. Nice called the...
Latch to rebrand to Door.com
September 5, 2023SSN Staff
NEW YORK – Residential SaaS platform Latch has announced plans to rebrand to Door.com, with an expanded vision the company said will “unlock” the potential of the Honest Day’s Worker.
In a statement from Latch, the company said it plans to maintain its focus on its core access control business under the Latch brand, while launching additional brands under the Door.com umbrella to create a new platform for service providers that “make the world go round”....
Nice enters strategic partnership with FSI
September 1, 2023SSN Staff
ODERZO, Italy –Home management and building management solutions provider Nice, and BeNice Holding, its primary shareholder, have entered into a binding agreement with Italian technology investment firm FSI for an undisclosed capital investment in Nice.
Nice said that the partnership with FSI supports its next phase of development and growth for the company through a shared path that will capitalize on the strong global leadership position it has achieved, “…increasing...
Snap One increases investments in software development to fuel innovation
August 29, 2023SSN Staff
CHARLOTTE, N.C.—Smart living technology manufacturer and distributor Snap One has announced it is increasing investments in software research and development to enhance overall performance, reliability, and scalability of its solutions.
Specifically, the company invests approximately $65 million annually in R&D, with a large portion going to the 150-person software development team.
“Snap One understands that exceptional user experiences are the key to creating happy...
Z-Wave Alliance offers additional silicon resource and certification house
August 16, 2023SSN Staff
BEAVERTON, Ore. – The Z-Wave Alliance has launched Trident IoT, a technology and engineering company focused on simplifying RF development and decreasing time-to-market for connected device manufacturers.
A standards development organization dedicated to advancing the smart home and Z-Wave Technology, the Z-Wave Alliance has announced that Trident IoT will be a direct supplier of Z-Wave silicon chips and modules, offering product design and development services. According...
'Exciting road ahead' as ADT doubles down on residential, small business
August 8, 2023Ken Showers, Managing Editor
BOCA RATON, Fla. – ADT shook things up by preempting its second fiscal quarter 2023 earnings call with the news that the company is divesting itself of its commercial business.
As reported earlier by Security Systems News the company has entered into a definitive agreement to sell its commercial security, fire and life safety business unit to private equity firm GTCR for a purchase price of $1.6 billion. The transaction has been approved by the company’s board of directors and is expected...