A judge has temporarily enjoined Ring from selling its new Ring Protect security and home automation, suggesting the the company stole intellectual property from Zonoff that rightfully belonged to ADT.
All told, the research firm estimates the market for DIY intrusion alarm equipment totaled $60 million worldwide in 2016.
The Ring Protect DIY security and home automation system features ZigBee, Z-Wave, Bluetooth, WiFi, cellular and no-contract professional alarm monitoring.
IoT trial commences for ADT Holdings vs. Mike Harris, regarding Ring’s (Bot Home Automation) acquisition of Zonoff’s Z1 home automation platform.
ADT claims former Zonoff CEO Mike Harris misappropriated home automation assets, transferring them to smart doorbell maker Ring when the IoT technology actually belonged to ADT. Ring CEO Jamie Siminoff says claims are ‘ridiculous.’
SHaaS (smart home as a service) provider Zonoff closed it’s doors after failing to be acquired by Honeywell.
This next installment of the SSI Industry Hall of Fame Webcast Series features Jim Henry, executive vice president of corporate development for Securitas Electronic Security.
Discover which residential and commercial devices, systems and services are best lending themselves to the recurring monthly revenue model
