Johnson Controls Acquires Whole of Smart Home Manufacturer, Qolsys
Home automation panel maker Qolsys has now been fully acquired by Ireland-based Johnson Controls, which has owned a majority since 2014. The details of the acquisition were not disclosed.
The Qolsys founders and leadership team will remain in San Jose, Calif., assuming key roles in Johnson Controls global intrusion business, according to a press release. Qolsys is said to enhance Johnson Controls’ global innovation platform delivering next generation security and smart building solutions.
“Qolsys has grown from a startup to a leading security platform provider with over 4,000 dealers and service providers worldwide. Johnson Controls sees long-term opportunities to bring Silicon Valley innovation and culture to our broader cloud-enabled IoT solutions in building management, fire and HVAC businesses,” said Jeff Williams, president of Global Products, Johnson Controls.
“The opportunity to acquire Qolsys allows Johnson Controls to achieve operational efficiencies and scale across our global markets, while further enhancing the suite of products and services offered on our digital platform, OpenBlue.”
Qolsys reported $US150 million in revenues during fiscal year 2019.
“As the world becomes more connected and the innovation curve continues to ramp at unprecedented speed, we are excited to join Johnson Controls,” says Dave Pulling, Qolsys CEO.
Pulling will become vice president and general manager of the global intrusion products business for Johnson Controls, which had $500 million in revenue in fiscal year 2019.
“We are committed to our customers in the security channel while continuing to invest in our roadmap and emerging verticals around the globe,” said. “This is a major milestone in our 10-year journey to disrupt and transform the security industry with advanced Cloud-enabled solutions that transcend traditional intrusion offerings including advanced automation, energy management, apartment management, building management and wellness for aging in place.”
Johnson Controls now owns DSC, Bentel, Visonic, PowerG, Tyco and Quolsys.