Tag: Chris Carney

PALO ALTO, Calif.—Nice S.p.A., a global home and building automation company, on April 13 acquired 75 percent of abode systems, a provider of DIY security and home automation systems based here, for $18.75 million. The remaining stock is held by abode's founders. “We actually had a lot of interest from several larger [companies based] outside the U.S. … but we felt like Nice was the best fit for us. We really liked their team and their focus on design and user experience was one of the...

PALO ALTO, Calif.—Abode, a DIY security company that got crowdfunded last year, is now offering professional monitoring—full time or on-demand—from UCC, and the company is actively looking for partnerships with security companies. “We always had the plan to introduce [monitoring options], but our goal first was to get the product out in peoples' hands and really drive some of the early feedback to actually make our product better, before we went down the road of charging people...