Allegion plc (NYSE: ALLE), a Dublin, Ireland-based global security products and solutions provider, acquired Yonomi, an innovation leader in IoT Cloud platforms.
The amount of the deal was not disclosed.
Yonomi’s CEO Kent Dickson will become vice president and general manager of the Yonomi business unit within Allegion.
Founded in 2013 by building automation and enterprise Cloud computing experts, Yonomi has created an agnostic smart-home ecosystem that automatically discovers and coordinates devices. Today, the company’s solutions are used in more than 150 countries, and millions of IoT devices are connected to its platforms. Yonomi employs nearly 25 people at its operations in Boulder, Colorado, and Austin, Texas.
According to Allegion Senior Vice President and Chief Technology Officer (CTO) Vince Wenos, Yonomi also holds intellectual property that matches to Allegion’s strategic priorities for accelerating growth through access, innovative solutions and meaningful partnerships.
Allegion owns brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®, selling products in almost 130 countries, generating $2.9 billion in revenue in 2019.
FinSMEs
06/01/2020