The smart-home industry is only growing, both for consumers and businesses. Customers want to purchase devices to further build their smart-homes, and businesses want to get in on the action while the market is active. As we covered yesterday, one company has even copied Amazon’s Echo Dot.
Smart-home company Eero is a WiFi system that works to deliver fast and secure internet to every room in a home, aiming to help users who have various smart devices connected.
Eero has taken their efforts one step further by acqui-hiring Thington, a smart home management application. Acqui-hire occurs when a company acquires the employees of another company, but they do not acquire their products or services.
What Will This Acqui-Hire Accomplish?
Eero has acquired two very talented employees. Tom Coats is the former Yahoo Brickhouse head of product, and Matt Biddulph is the founder of Dopplr. The two founded Thington in 2015.
A number of angel investors have provided an unknown amount of money for this acqui-hire, and these investors believe they can aid the efforts of helping customers be able to connect their devices in an efficient manner.
A year ago Thington launched their Concierge service, which is an AI home-based app that allowed users to control their devices using a chat bot. Devices that could be controlled included Philips Hue light bulbs, Nest smart thermostats, smoke alarms, WeMo light switches and more.
Since the acqui-hire, Thington has announced that they will shut down their app beginning on Aug. 21. They are doing this so they can begin to exclusively work on Eero devices.
Eero has spoken of their plans to experiment with software services that will be used on top of their routers, also with the aim of giving users more control and security over their devices. The company will continue to make tools that improve how customers manage their smart-home devices.
What’s Next for the Industry?
Merges, acquisitions, and in this case an acqui-hire are common. This will likely continue to happen in the smart-home industry as brands continue to work hard to improve user experiences and what homes are capable of doing.
There are a number of smart devices that are still operating across multiple communication networks and protocols, so we can expect to see systems continue to emerge that will allow users to better connect their devices using smart apps, WiFi mesh systems, and more.
Customers can also expect new devices and systems to protect their home. Companies are working on AI, connecting every day devices like cars and crock-pots to home automated systems, and even drones that will have the ability to protect homes through the sky.
If you’re a customer in the smart-home industry, there’s only excitement to be had. Home security will continue to improve, and you’ll have more ability to connect devices to your automated systems.