NEWS: Johnson Controls Acquires Remaining Stake in Qolsys


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.

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PRESS RELEASE: Johnson Controls Acquires Qolsys, inc. To Capitalize On Emerging Technologies And Customers Looking For World-Class Building Solutions

Creating a global force in the converging intrusion and smart building markets

Cork, Ireland– (August 4, 2020) – Johnson Controls (NYSE: JCI) announced today it has acquired the remaining stake of Qolsys Inc., a leading residential and commercial security and smart-home manufacturer, after owning a majority since 2014. Qolsys enhances Johnson Controls global innovation platform delivering next generation security and smart building solutions. The Qolsys founders and leadership team will remain in Silicon Valley (San Jose, CA) assuming key roles in Johnson Controls global intrusion business.

Johnson Controls continues its mission to deliver smarter, safer, intelligent and more connected buildings by deploying emerging technologies such as embedded IP, artificial intelligence and machine learning through best-in-class solutions and partnerships. Johnson Controls is leading a fundamental transformation of how spaces and places are perceived and enjoyed by balancing and responding to the flow of information, services and people that occupy buildings. By applying data from both inside and outside buildings, Johnson Controls OpenBlue digital platforms empowers customers to manage operations while delivering safety and security in dynamic and agile environments.

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Blog: Smart apartments make life easy for tenants and property managers

The term “smarthome” has become main stream, with devices all over the internet claiming to make life safer, smarter, and more convenient.  As adoption increases even the smallest apartments are looking for ways to be smart, safe, and energy efficient, and there’s no better solution than the Qolsys IQ Panel.  The IQ Panel is a 7 inch easy to use touchscreen looks great on the wall and provide easy access to control all the connected devices within an apartment. These include lights, locks, thermostat, security sensors, life safety sensors, cameras and more.

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Blog: Hands free is more than just convenient, it’s sanitary.

Wherever you find yourself on the scale of sanitization, one thing is certain: There’s more cleaning than ever before. That’s why we love the Qolsys IQ Panel.  It includes a feature called “Bluetooth Disarming” which was originally designed for hands-free convenience, but in today’s new normal hands free is more than just convenient, it’s safer.  Simply pair a smartphone with the IQ Panel over Bluetooth and the system deactivates itself as soon as that phone gets in range.  In addition to disarming the security system, use smart home rules to unlock the front door, turn on lights, and resume thermostat schedules.  Now when you come home the only thing you’ll have to touch is the door handle.  Bluetooth Disarming TRULY makes less to sanitize.  

Imagine just getting home from the DMV.  To be safe, you tried not to touch anything, but there were some things you just couldn’t help, like the pen to sign the forms, the credit card machine to process the payment, the renewed license you got back from the person who verified your identity, and the paperwork and receipts you were handed at the end of your visit.  Any one of those items could have come in contact with something that could make you sick, and to be safe, you plan to wash your hands as soon as you get home.  As you approach the front door it unlocks automatically.  You touch the door handle but DON’T have to touch the keypad.  You step inside and lights turn on automatically, thermostat fires up and the security system is already disarmed.  The first thing you do after placing things on the counter is to wash hands, and then, just to be safe, perhaps sanitize the car door, the steering wheel, the controls in the car, and my door knob.  Its a lot of work, but knowing that the Qolsys IQ Panel lightened that load by making my lock, lights, and thermostat all hands free…. Its a good feeling… thanks technology!  (Alexa, buy more Clorox wipes….)  

News: Qolsys Makes Value Proposition Pitch to Interlogix Dealers

Qolsys SVP Mike Hackett explains the fortuitous timing of Interlogix’s exit announcement, plus how his company is attracting dealers left in the lurch.

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.”

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Press Release: Qolsys Expands to North American Manufacturing

Leader in Smart Home Automation and Security partners with Foxconn Industrial Internet to Manufacture Flagship IQ Panel in Wisconsin.

Sept 19, 2019 – SAN JOSE, CA. – Qolsys, the leading provider of security and smarthome technology, announced today an expanded partnership with Foxconn Industrial Internet (Fii) to assemble the IQ Panel at their current facility in the Wisconn Valley Science and Technology Park, Mt. Pleasant, WI..

“Foxconn Industrial Internet enables Qolsys to deliver best-in-class manufacturing technology enabling our high quality and leading market position,” says Qolsys CFO Ken McMaster. “US based manufacturing provides additional logistics benefits reducing lead times for faster customer deliveries and further expands our global footprint. In addition to our Juarez Facility which opened late last year,” added McMaster.  “This new facility gives us greater flexibility to serve our customers in North America”.

“The Fii team has supported Qolsys from the beginning,” said Fii USA President Foo-Ming Fu. “We now have the opportunity to help this customer expand their platform by combining our smart manufacturing capabilities such as artificial intelligence and industrial internet of things (IOT) with our years of manufacturing and supply chain experience.  Our team is excited for the continued partnership with Qolsys and look forward to the opportunity to support their aggressive growth plans.”

Foxconn Industrial Internet will leverage its expertise in smart manufacturing, supply chain management and global reach in implementing system production in the Wisconn Valley Science and Technology Park in Mt. Pleasant, Wisconsin.  This fully integrated value-added manufacturing capability will enable Qolsys to achieve market expansion with sustainable supply chain success. 

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Press Release: Qolsys Supports Key Verticals with 2.4 Software Update

Deeper Support For Residential, Commercial, Builder, Wellness, MDU, DIY

SEPTEMBER 11, 2019 – SAN JOSE, CA. –Qolsys, the leading provider of security and smarthome technology, announced today that the 2.4 software update has been released for the IQ Panel 2 Plus.  The 2.4 software includes a host of new features and improvements resulting from customer feedback to serve key initiatives in Residential, Commercial, Builder, Wellness, MDU and DIY verticals.

“Every one of these features and enhancements represents the voice of the customer,” says Qolsys SVP of Sales and Marketing Mike Hackett.  “As we invest in growing the security and smart home solution beyond traditional markets we continue to innovate, leveraging our hardware and software expertise to improve the user experience.”

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News: How Touchscreens Benefit Both Security Integrators and Homeowners

Elevating the dealer to a smart home or business expert in the eyes of the consumer reduces churn, allows for upsell and more RMR potential.

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!

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Press Release: Qolsys Goes Commercial

IQ Panel Receives UL1610 Certification for Commercial Burglary Standard, including 4 Partitions, New PowerG Devices and Powered By Alarm.com Commercial Services Platform

SAN JOSE, CA. –Qolsys, the leading provider of security and smarthome technology, announced today that it has received UL 1610 Certification for Commercial Burg, opening small business and commercial opportunities for dealers using IQ Panel 2 Plus.  The latest 2.3 software update adds features specific to business use cases including up to four partitions, screen lock, 6-digit passcodes and additional support for PowerG sensors and secondary keypads.

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Press Release: Qolsys and Alarm.com Deliver Face Recognition From Disarm Images of IQ Panel 2’s Built-In Camera

5-Megapixel Camera Triggers “Unexpected Activity Alerts” To Users when Unidentified User Disarms Panel

March 12, 2019 – SAN JOSE, CA. –Qolsys, the leading provider of security and smart home technology, announced today that, in partnership with Alarm.com, disarm images captured by the built-in 5MP panel camera on the IQ Panel 2 Plus now include face recognition powered by Alarm.com.

“This is a tremendous upgrade to our combined solution,” says Qolsys SVP of Sales & Marketing Mike Hackett. “It again demonstrates software’s power to unlock hardware’s potential and provide innovative features that increase customer engagement.”

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