X10 Community Forum

General Home Automation => Other Automation Systems => Smarthome & Insteon => Topic started by: Brian H on June 21, 2017, 04:01:24 PM

Title: Smartlabs and Smarthome sold.
Post by: Brian H on June 21, 2017, 04:01:24 PM
Saw this in a few places.
Smartlabs and Smarthome. Purchased by Richmond Capital Partners.

http://www.insteon.com/press-releases-blog/2017/6/13/richmond-capital-partners-acquires-smartlabs-and-fortifies-company-with-73-million-in-funding-to-accelerate-the-companys-push-in-the-iot-industry

http://www.cepro.com/article/insteon_smartlabs_acquired_ceo_powerline_home_automation_richmond_capital
Title: Re: Smartlabs and Smarthome sold.
Post by: HA Dave on June 21, 2017, 11:34:35 PM
Interesting. Thanks for sharing!
Title: Re: Smartlabs and Smarthome sold.
Post by: bkenobi on July 06, 2017, 11:06:41 AM
I'm cautiously optimistic about this being great!  As long as they don't do what happens in the pharmaceutical sector and jack prices 5000%, this should be a good thing for PLC which may help X10 since they can work together.