Qolsys continues to show consistent growth of services and dealers, which led to $150 million in revenues during fiscal year 2019, according to the company.
CORK, Ireland — Johnson Controls (NYSE: JCI) has acquired the remaining stake in Qolsys, a leading residential and commercial security and smart-home manufacturer, after owning a majority since 2014.
Financial details were not disclosed.
Interlogix’s decision last September to bail on its security business in the United States and Canada may well endure as one of those “Where were you when you first heard?” moments in industry annals.
Pose that question to Mike Hackett, co-founder and senior vice president of sales and marketing at Qolsys, and it’s clear why that consequential announcement will forever remain with him like it hit yesterday.
“I’m very sensitive to the people at Interlogix, so I don’t mean to say this in a disrespectful way,” he says. “The timing couldn’t have been more opportunistic for us.”
Touchscreen technology is a part of our everyday life. We use them at bank ATMs, to retrieve a boarding pass at the airline ticket counter, when our iPhone battery is about to die, to control aspects of our home or office, and more.
In the not-too-distant past, the electronic security industry offered keypads to control the system and before that a key switch to turn the system on or off — yes, a real key!
