he Swann security system supports its own hardware, but also third-party products such as the Philips Hue Lighting system and the Nest thermostat (as well as its own). When the chief executive of Swann Security popped into see the chief technology officer a year or two ago, the resulting conversation changed the strategic direction of the company.

Swann sold security cameras and other sensors through retailers such as Harvey Norman and Dick Smith. It was a good business that was enjoying a period of sustained growth.