Tag: Snap One
‘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...
Snap One joins National Systems Contractors Association
April 16, 2024SSN Staff
CHARLOTTE, N.C.—Snap One, a manufacturer and distributor of smart living technology, announced it has joined the National Systems Contractors Association (NSCA).
NSCA is a not-for-profit association that is focused on providing commercial integrators with the training and resources they need to grow their businesses across all vertical markets.
According to Joey Palkowitch, director of commercial sales at Snap One, the decision to join NSCA was a natural next step following...
Resideo acquiring Snap One for $1.4 billion
April 15, 2024SSN Staff
SCOTTSDALE, Ariz., and CHARLOTTE, N.C. – Resideo Technologies has agreed to acquire Snap One Holdings for $10.75 per share in cash, for a transaction value of approximately $1.4 billion, inclusive of net debt.
Upon closing, Snap One will integrate into Resideo's ADI Global Distribution business. “The acquisition of Snap One is an exciting step in Resideo’s continued transformation through portfolio optimization, operational enhancements and structural cost savings actions,”...
Snap One Control4 Halo remote firmware update enhances capabilities
March 5, 2024SSN Staff
CHARLOTTE, N.C. – Snap One has announced a slate of new features and capabilities for the Control4 Halo and Halo Touch remotes that provide a more streamlined and reliable interface.
Following the over-the-air update to v1.7, all Halo and Halo Touch remotes will gain a redesigned lighting page that offers faster control, longer battery life, improved WiFi stability, access to custom buttons from their system and a “What’s New” page that explains new features on the remote.
According...
Product Launches: Gallagher Security, Snap One, Hikvision, Reolink
February 26, 2024SSN Staff
Gallagher Security
Controller 7000 Platform
Capable of managing all localized access control, intruder alarms, perimeter security, business automation, and logic needs for organizations, the Controller 7000 represents a new generation of Gallagher Security technology, offering streamlined upgrades, next generation components, and advanced cybersecurity functionality.
security.gallagher.com.
Snap One
Luma 420 Series and 820 Series NVRs
Snap One has launched its new Luma 420 Series...
Snap One launches Control4 Connect & Control4 Assist
January 18, 2024SSN Staff
CHARLOTTE, N.C. – Snap One has announced the launch of Control4 Connect & Control4 Assist – new software and support offerings that improve end-user experiences.
Snap One said that it spent more than a year developing the Control4 Connect & Control4 Assist offerings in close collaboration with 23 integrators, while also leveraging experience from thousands of Parasol customers and more than 100,000 4Sight subscribers.
“The homes and businesses of today rely on a wide...
ESA recognizes 2023 Executive Strategic Partners
December 29, 2023SSN Staff
DALLAS—The Electronic Security Association’s (ESA’s) Executive Strategic Partners invest annually in the association to grow important initiatives, improve our members’ businesses, and take the industry to greater heights.
Without these partnerships, ESA – a non-profit organization - would not be able to fulfill its mission to provide high-quality resources, advocacy, connections, and education for electronic security and life safety professionals.
“These...
ClareOne now features Google Nest integration
November 28, 2023SSN Staff
CHARLOTTE, N.C. – Snap One has revealed that its ClareOne Wireless Security and Smart Home system now features support for Google Nest integration.
According to Clint Choate, senior director of the security market at Snap One, the ability to integrate Google Nest products with ClareOne empowers users to deliver home automation and security through a unified touchscreen with the ability to add automations.
“Many modern homeowners want to utilize popular off-the-shelf products...