Richmond Capital Partners Acquires Smartlabs and Fortifies Company with $7.3 Million in Funding to Accelerate the Company’s Push in the IoT Industry

Technology Industry Veteran Rob Lilleness to Lead the Company

Irvine, Calif. – June 13, 2017 – Richmond Capital Partners, a private investment firm based in Seattle, today announced the acquisition of Smartlabs Inc., parent company of Insteon®, an Internet of Things (IoT) technology company, and Smarthome®, an eCommerce superstore for home automation. As part of the acquisition, Rob Lilleness will assume the role of chairman and Chief Executive Officer.

Lilleness has built multiple successful high-tech businesses in digital media, mobile, software and consumer products. Most recently he served as president and Chief Executive Officer for Medio Systems, an ACCEL-backed company, which was acquired by HERE Technologies (a company currently owned by BMW, Daimler, Audi, Intel, and Tencent). Prior to Medio, Lilleness was president and COO of Universal Electronics (NASDAQ: UEIC). During his tenure at Universal, earnings more than tripled and the market capitalization grew from approximately $100 million to $500 million.

“I’ve been following Smartlabs almost from when they started. Their Insteon line remains arguably the strongest in the IoT space for controlling and communicating with electrical components in one’s home—whether via Amazon Alexa, smartphones, pads, or traditional wall plates and remotes,” said Rob Enderle, principal analyst, Enderle Group. “Additionally, Rob Lilleness, with his background helping to build Microsoft’s networking business, is one of the few people that has both the resources and experience to take Smartlabs where I’ve always believed they could go.”

One of the Largest Opportunities in IoT

According to a report published by Business Intelligence, by 2020 the U.S. residential market will have 193 million devices in connected homes with almost 50 percent of those devices in Smartlabs’ core electrical, lighting and sensor market. The global smart electrical control market is expected to grow to $10.8 billion over the next five years.

“There are two incredibly interesting IoT spaces in technology today—the car and the home,” said Lilleness. “Over the next five to 10 years, it is inevitable that a large portion of electrical nodes in the home will be ‘smart’ and addressable via the internet. With Insteon’s patented dual-mesh technology that communicates both wirelessly and via the home’s own electrical wiring, Smartlabs has the most reliable and scalable technology for electrical control and communication, which is critical to meet consumers’ expectations.”

Smartlabs headquarters will remain in Irvine, Calif., and the company plans to open a software development office in Seattle.

About Insteon

Insteon creates the world’s leading technology for electrical, lighting, and sensor communication and control.  Its patented dual mesh technology delivers unmatched reliability that is used in more than 200 Insteon-powered products and enables consumers to control their homes from virtually any device or interface. 

About Smarthome

Smarthome is one of the world’s largest home automation retailers and an easy-to-use source for thousands of affordable lighting, security, and home entertainment products that the average “do-it-yourselfer” can safely install. Its team of product specialists strives to deliver the newest cutting-edge products at the best possible prices. Smarthome distributes products with award-winning INSTEON® technology.

About Smartlabs

Founded in 1992, Smartlabs, Inc., the parent company of Insteon and Smarthome, is the world's leading authority on electronic home improvement and automation.

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Press contact: pr@insteon.com

New Motion Sensor from Insteon Enhances Motion Activated Lighting

 

Irvine, California – January 18, 2017 – Insteon®, creators of the world’s premier home automation and control technology, today announced a new and improved wireless motion sensor, which makes activating lights based on movement easier than ever. With a completely redesigned body, the new Insteon motion sensor is half the size of its predecessor and features wall, corner, or tabletop placement options as well as external setup and motion override buttons – just a few of the new features that make this new motion sensor best in class.

The new Insteon motion sensor can be paired directly to switches, outlets, and plugs without an app or hub – reducing setup time to seconds. For a more customized setup and configuration experience, pair the sensor with the Insteon Hub using the free Insteon for Hub mobile app. In addition to configuring when and how the motion sensor will activate lighting, the Insteon Hub allows you to turn the motion sensor into an alert system, pushing messages to your phone when there’s motion in a particular area of the home.

“Great satisfaction and peace of mind comes with motion controlled lighting,” said Joe Dada, CEO of Insteon. "Not only does it reduce energy waste by automatically turning lights off when you leave a room, it relieves you of the hassle of reminding family members to turn lights off. And with this latest redesign, we’ve made our sensor smaller, better looking and easier than ever to place around the home.” 

In addition to features found in the previous model such as night-only mode and adjustable countdown timer, the new Insteon motion sensor adds these newer features:

  • Improved wireless performance
  • Smaller, more modular design provides easy tabletop, corner or wall mounting options
  • Motion rest button – provides a convenient way to temporarily pause motion activation
  • Sensor can be plugged into power with an optional USB cable and power adapter that also allows the sensor to act as a repeater – helping repeat Insteon signals throughout the home
  • Multi-colored setup LED and beeper aids in setup and configuration

Now accepting preorders exclusively through smarthome.com with units expected to ship the first part of February.

For more information, please visit http://www.insteon.com/motion.

 About Insteon®

Insteon® transforms the "connected home" from a buzzword into reality. We make life simple by connecting you to the things that matter. Control your lights, alarms, thermostats – all your things – from wherever you are in the world. Insteon's patented technology is simple and reliable, powering the most fail-safe connected home on the market. With more than 200 Insteon products available today and thousands of developers, we bring all of the things in your home into elegant command. It’s your house, turn it on.

For more information about Insteon, please visit www.insteon.com.

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Media Contact: pr@insteon.com

 

New Insteon Plug-In Siren

 

New Plug-In Siren Helps Make Insteon Self-Monitored Home Solutions More Robust

IRVINE, California – November 22, 2016 – Insteon®, creators of the world’s premier home automation and control technology, today announced a new plug-in siren. The Insteon Siren adds an additional layer of security and peace of mind to Insteon’s line of DIY home monitoring and control solutions.

 

 “Our customers enjoy being connected with their home when they’re away at work or on vacation,” said Joe Dada, CEO of Insteon. “While sensors can trigger lights to come on if activity is detected and notifications are sent to the customer’s phone, deterring unwanted visitors with a loud siren is a quick way to get the point across – not to mention alerting neighbors of a potential problem.”

 

This simple plug-in device works together with Insteon wireless sensors such as door/window sensors, water leak sensors, and motion sensors. Arming and disarming the audible alert is possible from Insteon wall keypads or from any other controller. Pairing it together with the Insteon Hub (2245-222) and all setup, arming/disarming, and activation can be done directly on any Android or iOS device. 

 

In addition to a loud 115 dB siren, the device also features a secondary chime tone. This provides a more subtle notification for when homeowners simply want to know that a door or gate is opened or if motion is detected.

 

For more information, please visit http://www.insteon.com/siren.

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Media Contact: pr@insteon.com
 

 

Insteon Integrates with Sonos

 

Control Sonos Speakers from the Insteon Hub app, wall keypads, wireless remotes and sensors

CES – Las Vegas – January 6, 2016 – Insteon®, creators of the world’s premier home automation and control technology, today announced integration with Sonos. Audiophiles can now include their Sonos speakers as part of Insteon’s connected home system, providing customizable control from Insteon wall keypads, handheld remotes and sensors. Insteon will be highlighting the Sonos integration and its comprehensive line of connected home solutions during CES® in booth 70723, located in the upper level of Tech West, Sands Expo.

Through this integration, music can now play a part in custom Insteon lighting scenes so that while the lights slowly fade on in the morning, gentle music resonates throughout the home and the coffee starts brewing. Alternatively, at dusk, the lights could fade on while users arrive home to their favorite dinner prep playlist.

For on-the-fly sound adjustments, users are liberated from having to pull out their smartphones. By assigning functions like volume up/down or station change to Insteon wall keypads, Sonos owners can easily control their speakers as they walk in and out of rooms or when they simply do not want the hassle of dealing with an app. It’s easy for homeowners to replace normal wall switches with Insteon keypads that can be used to control the existing light, while adding additional buttons for control of Sonos speakers or other lights and appliances throughout the home. Users can also pick up an Insteon wireless remote from the coffee table and instantly enjoy control at their fingertips. Insteon will be offering pre-printed keypad buttons specifically for Sonos related functions, which will make basic sound control even easier for anyone to use and understand.

“Integration with Sonos will be a very compelling feature for new and existing Insteon customers who want to incorporate beautiful, crisp musical control into their home, creating a comprehensive home automation experience,” said Joe Dada, CEO of Insteon. “Offering Sonos control from our keypads and remotes removes one of biggest barriers to the enjoyment of smart audio systems and offers homeowners a seamless integration of lights, music and more. In that sense, this announcement is yet another example of Insteon achieving its overall goal of bringing all connected devices into elegant command.”

Sonos integration for iOS will be available this week in the App Store. Compatibility for Android will come soon thereafter. For more information, please visit www.insteon.com/sonos.

 

About Insteon®

Insteon® transforms the "connected home" from a buzzword into reality. We make life simple by connecting you to the things that matter. Control your lights, alarms, thermostats – all your things – from wherever you are in the world. Insteon's patented technology is simple and reliable, powering the most fail-safe connected home on the market. With more than 200 Insteon products available today and thousands of developers, we bring all of the things in your home into elegant command. It’s your house, turn it on. 

For more information about Insteon, please visit www.insteon.com, or connect with Insteon on Facebook (www.facebook.com/insteon) and Twitter (www.twitter.com/insteon).

 

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Media Contact: 
pr@insteon.com

 

Insteon Showcases Comprehensive Home Automation Capabilities at CES 2016

Streamlines the Connected Home Through Recent Integrations with Apple HomeKit, Amazon Echo, Google Nest, Logitech Harmony and Sonos

 

Consumer Electronics Show – Las Vegas – January 6, 2016 – Insteon®, creators of the world’s premier home automation and control technology, today announced an impressive year of significant industry growth consisting of key CE partnerships, retail expansion and home automation integration with some of the world’s leading technology companies. Insteon will be highlighting its comprehensive home automation capabilities at CES in booth 70723, located in the upper level of Tech West, Sands Expo. 

“Over the past year, Insteon has won recognition from some of the biggest names in consumer electronics. Iconic brands including Apple HomeKit, Amazon Echo, Google Nest, Logitech Harmony, among others, have tapped into Insteon’s power to create an always-connected lifestyle where all your things work together in perfect harmony,” said Joe Dada, CEO of Insteon. “Insteon has captured the attention of the home automation industry and has found a sweet spot among technophiles, DIY-ers and business customers who want innovative products, complete reliability, undeniable quality and ultimate flexibility – all at an affordable price. With retail distribution at more than 3,000 locations, Insteon is truly at the center of the connected home.”


Noteworthy CE Integrations
Insteon has streamlined home automation by integrating with a number of consumer electronics leaders. Now, Sonos owners can control, schedule and automate their speakers from the Insteon Hub. Through this integration, you can play, pause or skip a song directly through the Insteon for Hub app for iOS or from an Insteon wall keypad or wireless remote. You can even schedule your tunes alongside your lights to create rich transitions from day and night or set automated triggers that would turn on your Sonos speaker whenever motion is sensed or doors are opened/closed.  

In June, the company launched the HomeKit-enabled Insteon Hub Pro, one of the first products certified to work with Apple HomeKit. The Hub Pro allows iOS users to manage their homes through Siri with the Insteon+ mobile app. Insteon also enables voice control through the Amazon Echo, so Insteon Hub users can ask Alexa to turn on/off various connected devices throughout their homes. The Insteon Hub also works with the Nest Learning Thermostat, integrating with Google’s Rush Hour Rewards program. Finally, through a partnership with Logitech Harmony, users can control Insteon devices through any Harmony hub based remote. 

These partnerships are further proof that Insteon will make consumer choice the center of its platform by offering seamless compatibility and integration with top product manufacturers, ensuring that a connected home filled with Insteon will never be stuck in the dark ages of IoT. 

 

Expansive Retail Distribution
Over the past year, Insteon’s retail availability has grown 20 percent with products currently available in more than 3,000 locations at major retailers such as Costco, Home Depot, Meijer, Menards and Micro Center. Based on strong and sustained consumer demand, new retailers continue to request Insteon products online and in-store. Insteon has also expanded its availability globally, offering home automation products through Philex/Screwfix in the UK and signing an exclusive distribution partnership with Smartnex in Brazil.

 

Innovative Product Development
Insteon continues to be a leading product manufacturer with a product line of more than 200 connected devices available at retailers around the globe. Recently, Insteon announced the Insteon 2867-222 Alert Module that allows Insteon sensors to sound an alarm whenever triggered. Perfect for consumers who want instant notifications if doors or cupboards are opened, motion is sensed or water leaks are detected, the module features two distinct sound options and can be remotely armed or disarmed with Insteon controllers. The device currently retails for $39.99

The company also announced a new member to their temperate sensing and control solution, the Insteon 2732 Thermostat for Heat Pumps. This new version allows control over HVAC systems with a heat pump. Home owners can use this thermostat to save on energy costs by remotely controlling and programming their heat pump system. The device currently retails for $149.99. 

Insteon is the world’s best-selling wireless home-control networking technology and has been in business for more than 20 years. Common applications include remote-control HVAC, timers, lighting, cameras, leak sensing, humidity sensing, occupancy sensing, garage-door sensing and control and more. Dual-band Insteon signals communicate simultaneously via radio waves and a home’s electrical wiring, making Insteon 100 times more reliable than competing connected home solutions. 

 

About Insteon®
Insteon® transforms the "connected home" from a buzzword into reality. We make life simple by connecting you to the things that matter. Control your lights, alarms, thermostats – all your things – from wherever you are in the world. Insteon's patented technology is simple and reliable, powering the most fail-safe connected home on the market. With more than 200 Insteon products available today and thousands of developers, we bring all of the things in your home into elegant command. It’s your house, turn it on. 

For more information about Insteon, please visit www.insteon.com, or connect with Insteon on Facebook (www.facebook.com/insteon) and Twitter (www.twitter.com/insteon).

 

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Media Contact:  
pr@insteon.com