Tag: Snap One
Resideo CEO announces retirement
November 8, 2024Ken Showers, Managing Editor
SCOTTSDALE, Ariz. — Resideo Technologies President and CEO Jay Geldmacher has announced his plans to retire in 2025.
During a conference call to discuss the company’s third quarter 2024 financial results, Geldmacher said he plans to remain CEO until a successor is appointed and after that he plans to serve as a senior advisor to ensure a smooth transition.
“It’s been my privilege to lead the company for the last four and a half years,” he said. “I’ve...
New ADI and Snap One store opens in Omaha
October 18, 2024SSN Staff
MELVILLE, N.Y. — ADI and Snap One announced the soft opening launch of a new store in Omaha, Nebraska, marking a significant milestone in its integration.
The company said that the new store, located at 9840 M St., Omaha, NE 68127, serves as a pilot for the company's combined vision by showcasing the best offerings across ADI and Snap One – all under one roof.
This store replaces the previous ADI location that had been serving local customers, and provides Snap One customers...
Snap One expands security portfolio with cloud-based access control from ProdataKey
September 17, 2024SSN Staff
CHARLOTTE, N.C.—Snap One, as part of its commitment to provide custom integrators an outstanding one-stop shopping experience, has announced it is now distributing hardware and software solutions from ProdataKey (PDK), marking its first entry into the access control space.
PDK is the first third-party brand crossing into Snap One from ADI and represents one of the early benefits of the two companies coming together to offer more products and more brands, as well as helping...
Snap One announces Partner Award winners at CEDIA Expo 2024
September 6, 2024SSN Staff
DENVER—Snap One, now part of ADI, has announced the winners of the 2024 Partner Awards program that celebrates the company’s most dedicated partners across North America.
The awards, presented during CEDIA Expo 2024, were based on a variety of factors including innovation in operations and installations, business leadership, sales volume, and dedication to the smart home industry as a whole.
“At CEDIA this year, we’re excited to honor our North American Partners for...
Snap One acquisition completed by Resideo
June 17, 2024SSN Staff
SCOTTSDALE, Ariz. — Resideo Technologies, Inc. announced that it has completed the acquisition of Snap One, a provider of smart-living products, services, and software to professional integrators.
Resideo said it will integrate Snap One into its ADI Global Distribution segment. Together, ADI and Snap One will provide integrators with an increased selection of both third-party products and proprietary offerings through an extensive physical branch footprint augmented by digital capabilities.
The...
ESX announces 2024 Innovation Award winners
June 7, 2024SSN Staff
LOUISVILLE, Ky.—The Electronic Security Expo (ESX) has revealed the winners of the 2024 Innovation Awards, recognizing excellence and innovation within the electronic security and life safety industry.
These prestigious awards highlight next-generation products and services that present significant growth opportunities for integrator companies.
An independent panel of judges selected the winners based on a comprehensive set of criteria, including ingenuity, applicability, response...
Snap One partners with RG Nets
June 6, 2024SSN Staff
CHARLOTTE, N.C. — Snap One announced that it is partnering with RG Nets to provide Snap One Partners access to the rXg solution, a new way to automate the configuration, operation and management of Access Networks WLAN infrastructure or ‘bulk Wi-Fi’.
The automation reportedly can simplify and enhance internet access in MDUs, restaurants, entertainment venues, co-working spaces and other multi-user environments. The new availability of rXg will reduce the time and labor...
‘No stone unturned’ as Resideo seeks value from acquisition
May 8, 2024Ken Showers, Managing Editor
SCOTTSDALE, Ariz. – Resideo Technologies’ recent acquisition of Snap One provided a nice layup for company executives to talk about the impact on the company’s financial performance during a recent conference call.
Resideo President and CEO Jay Geldmacher told investors on the call that Resideo had identified meaningful cost synergies between ADI and Snap One.
“Needless to say, the team is quite excited about the future integration of Snap One into Resideo,...
Quarter pounded
May 8, 2024Ken Showers, Managing Editor
Dire continuity yields to the march of time as this week marks cleanup for the industry’s quarterly financial results.
One more to go as of writing this and then the second quarter (Q2) 2024 begins for me in earnest, but most companies have probably been eager to get a jump on Q2 for some time now. It’s no secret that it’s been a rough financial quarter for everyone in one way or another, I don’t even think it’s confined to the security industry either! Go peek at...
ADI ready to 'Snap' into place
April 23, 2024Ken Showers, Managing Editor
MELVILLE, N.Y. – Resideo Technologies picked up Snap One Holdings on April 15 for $1.4 billion in a move that will combine the Control4 technology platforms of Resideo subsidiary ADI Global in the security market with Snap One's capabilities in the smart living market.
The deal is off to a great start: Moody’s Investor Service described it as “credit positive” and Snap One’s shares gained 29% following the announcement.
“The highly complementary...