Control4 Acquires Switzerland-based NEEO
SALT LAKE CITY--(BUSINESS WIRE)--Feb 4, 2019--Control4 Corporation (NASDAQ:CTRL), a leading global provider of smart home solutions, today announces the acquisition of Switzerland-based NEEO, the creators of the acclaimed smart home remote, to accelerate its leadership in delivering remotes, touch panels, keypads, and other smart home devices.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190204005589/en/
Raphael Oberholzer, NEEO Founder (left) and Charlie Kindel, Control4 Senior Vice President, Products & Services (right)(Photo: Business Wire)
Introduced in 2016, NEEO’s remote quickly gained industry recognition for its simplistic set up, out-of-box interoperability with thousands of devices, and most notably, its beautifully conceived industrial design. Based in Bern, the NEEO product team has been led by the company’s founder Raphael Oberholzer and will be working with the Control4 engineering group in Salt Lake City on the development of the next-generation of Control4® remote controls, touch panels, keypads, and other devices. Oberholzer will take a leadership role in the development of Control4’s interaction devices and will report to Charlie Kindel, Control4 Senior Vice President, Products & Services.
“Raphael built a world-class customer-centric product team with proven strengths in industrial design, product development, and user experience. We’re keen to add NEEO’s unique expertise and award-winning Swiss design ethic to enhance our plans for reimagining the way homeowners interact with their Control4 systems,” said Martin Plaehn, Chairman and Chief Executive Officer, Control4. “The NEEO acquisition is a talent and technology investment that will yield beautifully-designed and deeply integrated products in the future. We’re excited to welcome the NEEO team to the Control4 family,” he added.
“From the start, it was obvious that both our companies are passionate for customer-centric design,” said Raphael Oberholzer, NEEO Founder. “By joining the Control4 team, we can execute our shared vision to accelerate the creation of beautiful products consumers want in their smart home.”
NEEO previously sold its remote to homeowners online but is discontinuing all direct-to-consumer distribution in connection with this transaction. Control4 will support existing NEEO customers via www.neeo.com and plans to provide an upgrade path to make it easy for users to experience Control4’s broad array of smart home solutions.
Control4 is exhibiting at ISE 2019 Stand 10-N130 in Amsterdam this week and showcasing its extensive smart home solutions including the KNX line of smart lighting, multi-room audio and video offering, Triad speakers, award-winning Intercom Anywhere video intercom solution, Pakedge intelligent networking solutions, and security cameras.
For more information on Control4 visit Control4.com.
[NASDAQ: CTRL] is a leading global provider of automation and networking systems for homes and businesses, offering personalized control of lighting, music, video, comfort, security, communications, and more into a unified smart home system that enhances the daily lives of its consumers. Control4 unlocks the potential of connected devices, making networks more robust, entertainment systems easier to use, homes more comfortable and energy efficient, and provides families more peace of mind. Today, every home and business needs automation horsepower and a high-performance network to manage the increasing number of connected devices. The Control4 platform interoperates with more than 13,000 third-party consumer electronics products, ensuring an ever-expanding ecosystem of devices will work together. Control4 is now available in over 100 countries. Leveraging a professional channel that includes over 5,800 custom integrators, retailers, and distributors authorized to sell Control4 products, Pakedge networking solutions and Triad speakers, Control4 is delivering intelligent solutions for consumers, major consumer electronics companies, hotels, and businesses around the world.
Copyright ©2019, Control4 Corporation. All rights reserved. Control4, Pakedge, Triad, NEEO, and the Control4 logo are registered trademarks or trademarks of Control4 Corporation in the United States and/or other countries. All other names and brands may be claimed as the property of their respective owners. All specifications subject to change without notice.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190204005589/en/
CONTACT: Control4 Press Contact
Kimberly Lancaster, Caster Communications
Tel: +1 401-792-7080
Lauren Sloane, The Blueshirt Group
Tel: +1 415-217-2632
KEYWORD: UNITED STATES EUROPE NORTH AMERICA NETHERLANDS UTAH SWITZERLAND
INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS HARDWARE NETWORKS AUDIO/VIDEO OTHER TECHNOLOGY
SOURCE: Control4 Corporation
Copyright Business Wire 2019.
PUB: 02/04/2019 04:15 PM/DISC: 02/04/2019 04:15 PM