Nice S.p.A.
FIBARO Acquired By Nice S.p.A.
Nice S.p.A. announces continued expansion into the smart home category with the acquisition of FIBARO®, a leading brand in the global smart home market. The transaction, which was public as of Friday, July 13 is valued at €63 million/$73 million US and includes the entire share capital of Fibar Group S.A. including its US subsidiary. Founded in 2010, FIBARO has established itself on 6 continents and in over 100 countries as one of the most advanced wireless systems for the smart home.
abode Systems Receives Majority Stake Investment From Nice S.p.A.
abode systems announces a strategic investment from Nice S.p.A. Through the transaction, which was public as of Friday, April 13 and reported to the Italian stock exchange, Nice will acquire 75% of abode systems with the remaining stock held by abode founders. Abode was originally founded in 2014 by former ADT executive Christopher Carney and launched on Kickstarter in 2015. The home security startup combined professional-grade security with desirable and popular smart home features and a powerful home automation engine to create what is now a well-developed smart home security space.