Resideo Acquires Whisker Labs’ Tech to Expand Smart Home Comfort Solutions
Resideo says the technology complements the company’s portfolio of connected thermostats, such as the Honeywell Home T-Series smart thermostats.
AUSTIN, Texas — Resideo Technologies (NYSE: REZI) has acquired energy efficiency technology from Whisker Labs and hired the team behind it.
The technology is said to create a thermodynamic model of a home to accurately predict home heating and air conditioning run time and energy use to enable a homeowner to use less energy while maintaining comfort.
“Whisker Labs has been a great partner for us, and adding this capability is yet another example of our commitment to compelling growth opportunities that strengthen and complement our smart home offerings through the use of intelligent data,” says Mike Nefkens, president and CEO of Resideo. “With our presence in 150 million homes and unparalleled channel of 110,000 professional contractors, we are in a prime position to deploy this technology at the next level, making our smart home products even smarter while saving homeowners money on their energy bills.”
This deal marks the second acquisition by Resideo since it became a standalone, publicly traded company following its spinoff from Honeywell in October 2018. The company acquired Buoy Labs, a provider of a WiFi enabled smart home solution that tracks the amount of water used in a home, at the end of March.
Resideo says the technology complements the company’s portfolio of connected thermostats, including the Honeywell Home T-Series smart thermostats — the T9 and T10 Pro — which feature wireless smart-room sensors to deliver a desired temperature to a specific room in the home when and where it’s needed.
Resideo will look to strategically integrate the energy efficiency technology into the company’s smart home comfort offerings, according to the company.
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The headline is completely WRONG and is causing confusion. The actual Resideo press release has it correct – “Resideo Acquires Responsive Energy Efficiency Technology, Expands Smart-Home Comfort Offering”. Resideo purchased tech from Whisker Labs, that’s it. They did not acquire Whisker Labs.
Thank you for the heads up Joe. The headline has been corrected.