Nice S.p.A acquires Fibaro and other IoT news of the week for July 13, 2018 – Stacey on IoT | Internet of Things news and analysis
Nice S.p.A acquires Fibaro for $73 million: Nice S.p.A, an Italian company that makes smart home management software purchased Fibaro, a Polish maker of a Z-wave-based home automation systems. The deal follows an investment by Nice in Fibaro as well as Nice’s acquisition earlier this year of home security company Abode Systems. With these buys Nice looks like it will end up as the purveyor of higher-end DIY smart home products. Abode has a good reputation among users and Fibaro’s gear is both beautiful and functional. Looks like the smart home M&A fest is still ongoing. (Fibaro)