Allegion has acquired privately-owned smart home, IoT and cloud technology company Yonomi, for undisclosed terms.
Founded in 2013 by building automation and enterprise Cloud computing experts, Yonomi built an agnostic smart home ecosystem that automatically discovers and coordinates devices.
Allegion Senior Vice President and CTO Vince Wenos said Yonomi also holds unique intellectual property that matches well to Allegion’s strategic priorities for accelerating growth through seamless access, innovative solutions and meaningful partnerships.
“Yonomi’s patented technology and technical capabilities will help accelerate Allegion’s vision of seamless access and enhance the breadth of our software development capabilities,” Wenos said. “It also opens avenues for integration with leaders in home and enterprise solutions for the IoT – supporting our ‘partner of choice’ strategy.”
“We are already a customer of the Yonomi platform, ourselves, having embraced Yonomi ThinCloud technology as a part of our residential smart deadbolt ecosystem. This, too, makes us a firm believer in Yonomi solutions and, especially, the team behind them.”
Yonomi CEO Kent Dickson will become vice president and general manager of the new business unit within Allegion.
“This is an exciting moment in time for the Yonomi family and our customers,” Dickson says. “As an early provider of IoT solutions, Allegion truly understands the value of connected ecosystems and shares an important role in progressing smart-home solutions through its industry-leading brands like Schlage.”
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