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M2M Services, Alula announce smart security merger

M2M Services, Alula announce smart security merger Combined entity will cater to the ever-evolving demands of the smart security market and the professionals who serve it

M2M Services, Alula announce smart security merger

BOCA RATON, Fla., and ST. PAUL, Minn.—M2M Services, a provider of universal alarm panel communicators, connectivity, and interactive services, has announced a merger with smart security and Internet of Things (IoT) provider Alula.

Operating under the name M2M Services, the combined entity will leverage the strengths of both companies. The merger marks a significant achievement in the industry, creating a company with products and services that cater to the ever-evolving demands of the smart security market and the professionals who serve it.

AlulaThe combined companies will be led by Peter Tzvetkov, CEO of M2M Services. Dave Mayne, president of Alula, will lead North America operations and oversee global sales and marketing. Gregg Waldon, CFO of Alula, will manage financial operations for the combined business. The company will have U.S. headquarters in St. Paul, Minn., and global headquarters in Sofia, Bulgaria.

"This merger represents a strategic move to position ourselves as the premier market leader in the smart security industry,” Tzvetkov said. “We are excited about the future and the offerings we’ll provide to both our current and prospective customers, making available unmatched security solutions that provide peace of mind and seamless control over the connected environments they create and monitor."

Mayne added, “The merger with M2M opens up new horizons for Alula as we combine our expertise to set new benchmarks for quality, engineering and innovative security offerings. Together, we are committed to empowering our customers with advanced technologies that redefine the way they protect what matters most.

“As a combined business, over 1.25 million rooftops will be actively using our service platform to protect their properties and add convenience to the lives of those residing and working there. We are committed to continued innovation around the connected security market.”

Key highlights of the merger include:

  1. Expanded Product Portfolio: The new business will offer an extensive range of smart security solutions that encompass cutting-edge hardware, services, and cloud-based technologies. Customers will enjoy an even broader array of products tailored to meet their unique security needs.
  2. Enhanced R&D Capabilities: By pooling research and development resources, the new M2M Services will accelerate the pace of innovation, creating new technologies that drive the industry forward and enhance the overall user experience.
  3. Unparalleled Expertise: The new M2M Services brings together a team of industry veterans and seasoned experts from both companies. This combined expertise will enable the company to address market challenges and anticipate future trends effectively.
  4. Customer-Centric Approach: Both M2M and Alula share a common commitment to exceptional customer service. As a merged entity, they will continue to prioritize customer satisfaction, offering responsive support and tailored solutions to meet individual needs.

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