Home networking product manufacturer and installer Home Director Inc. says it will be getting out of the home networking installation business through a restructuring. Home Director says it is selling its Digital Interiors subsidiary to Fort Lauderdale, Fla.-based integrator 180 Connect Inc. for $350,000. The company says it will now concentrate on “its core product business, which is designing, manufacturing, and sourcing the latest technology in home entertainment and networking for builders and homebuyers.”
“It relieves us of significant working capital burdens which have hampered the development of our core operations for the last several years,” said Home Director CEO Michael Liddle in a statement. “By providing 180 Connect with our best practices and people from Digital Interiors who have been serving our customers for the past five years, we rest comfortably that our customers will be well served.”
Home Director says in a press release it would have been unable to continue in business if it had not completed the transactions.
Home Director has previously been working with integrators through the Sears Connected Home program.
