ADT acquires Portland-based smart home automation provider IOTAS

BOCA RATON, Fla.—ADT Inc., a provider of smart home and small business security solutions, recently acquired Portland, Ore.-based smart home automation provider IOTAS. Terms were not disclosed.

According to IOTAS, the combination of ADT Multifamily smart home solutions and IOTAS’ smart home technology will create “the next generation of smart apartments, with first-of-its-kind, in-app mobile protection for residents, coupled with even more reliability, safety and stability.”

“By combining IOTAS’ innovative vision with ADT’s trusted brand and operational know-how, we are poised to become the industry leader in the fast-growing, heavily fragmented multifamily space,” IOTAS CEO and President Sce Pike said. “Together, we are going to revolutionize what it means to live in a smart property. We firmly believe that your smart home or apartment should do more than just control a thermostat or watch for leaks; it should help protect and connect what matters most.”

IOTAS powers smart apartments for the multifamily industry by utilizing a user-friendly mobile app and providing turnkey solutions for smart locks, voice control, lights, thermostats, leak detectors, switches, and more.

“Our next-generation smart properties will feature first-of-its-kind, in-app mobile protection for residents, coupled with more efficient management and more connected living” Pike explained. “Through an ADT-monitored SOS button integrated into our multifamily app, residents and staff will be protected by the communities they live and work in, no matter where they are. The safety of their home will travel with them, providing peace of mind in dark parking garages, empty stairwells, ride-shares, and everywhere in between.”