ipDatatel and Resolution Products to Merge, New Chairman Appointed
Since there is virtually no overlap between the offerings of ipDatatel and Resolution Products, the two companies will mostly be unchanged.
HOUSTON — ipDatatel and Resolution Products announced a merger of the two companies Wednesday for undisclosed terms. As part of the transaction, veteran technology industry executive Robin Pederson will become chairman of the combined company.
The combined company creates an innovative solution set for alarm dealers and home systems installers at a time when increasingly intelligent devices are entering the consumer and commercial markets, according to a joint announcement.
Resolution Products provides a wide range of wireless technologies that enable installing security contractors to improve their business operations. Its flagship platform is Helix, a full range, wireless security system that connects to monitoring centers and the Cloud over IP or cellular links.
ipDatatel manufacturers solutions that upgrade existing, out-of-date alarm communications systems. The solutions are said to leverage a broad range of IP and cellular communicators coupled with a robust network architecture used for central station reporting and interactive services.
“Both of these companies were founded by technology leaders that have advanced the home automation and security industries for decades,” says Pederson, who formerly served as COO of Infor, a multinational, privately-held enterprise software company. “I am excited to help them join forces to continue to introduce new products and services for the tens of thousands of independent security dealers and home entertainment and technology integrators making secure smart homes and intelligent, efficient workplaces a reality.”
The combined organization will assist dealers by focusing on reducing account creation costs, increasing recurring revenue and reducing attrition rates. Together, the products and services provide security dealers, alarm installers and home technology experts a platform to service and retain accounts and, takeover existing products and services in a unified, secure communications environment, according to the announcement.
Since there is virtually no overlap between the offerings of ipDatatel and Resolution Products, according to the announcement, the two companies will mostly be unchanged.
Prior to the merger, the companies have jointly sold a complete security, alarm, access control and automation solution for smart homes and commercial installations using the Resolution Products’ Helix alarm panel and ipDatatel’s Universal Alarm Communicators and Cloud services. The companies also provide Universal Translator modules, allowing dealers to take over accounts without replacing sensors, and deliver a line of wireless sensors that are said to be compatible with virtually any professionally installed security system.
“The combination of our two companies will create a comprehensive, vertically-integrated solution for independent home and commercial installers of security, technology, entertainment and automation,” says Brian Seemann, CEO, Resolution Products. “Working together, we’ll be able to move more quickly to serve more of the market.”
Russell Vail, CEO of ipDatatel, says today’s consumers are outfitting their homes with the latest DIY home automation technology such as the Amazon Echo with Alexa and Nest smart thermostats and cameras. “The merger of Resolution Products and ipDatatel will bring these homeowners or renters a suite of solutions that connect legacy alarm systems, new installations and DIY automation in a simpler, more intuitive way,” he says. “Additionally, the technology will be less expensive and faster for the installer to both set up and maintain.”
Imperial Capital served as the financial advisor to the two companies on the transaction.
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