Wednesday, August 24, 2022

ADT acquires IOTAS

“This merger is the first of its kind with the power of the leading smart apartment technology software being combined with the leader of smart home technology,” market research firm Parks Associates said in a blog post analyzing the impact of the deal. “This will all be possible with the adoption of the ADT Multifamily app which provides services to residents, property owners and prospects.”

According to a recent report from Parks, 95% of property managers believe that smart home devices can increase rental fees by between 5-30%. Property managers also reportedly found smart home use cases that prevent theft and burglary most appealing and a relatively high percentage also found the ability to monitor HVAC systems to prevent major emergencies and manage the use of lights in unoccupied units “very” appealing.

From the article, "ADT acquires IOTAS.

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