Tag: Lauro Buoro

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...