IPDATATEL AND RESOLUTION PRODUCTS ANNOUNCE MERGER AND NEW CHAIRMAN
Combined products and services create new platform for home and small business security and automation
HOUSTON, Texas and HUDSON, Wisconsin - September 6, 2017 -- ipDatatel and Resolution Products today announced a merger of the two companies. As part of the transaction, veteran technology industry executive, Robin Pederson will become chairman of the combined company. The combined company creates an innovative solution set for alarm dealers and home systems installers at a time when increasingly intelligent devices are entering the consumer and commercial markets.
To date, Resolution Products provides a broad range of wireless technologies that enable professional, security dealers to improve their business operations. Its flagship platform is HelixTM – a full range, wireless security system that connects to monitoring centers and the cloud over IP or cellular links. ipDatatel makes homes and businesses more secure with solutions that upgrade existing, out-of-date alarm communications systems, leveraging a broad range of IP and cellular communicators coupled with an extremely robust network architecture used for central station reporting and interactive services.
“Both of these companies were founded by technology leaders that have advanced the home automation and security industries for decades,” said Robin Pederson. “I am excited to help them join forces to continue to introduce new products and services for the tens of thousands of independent security dealers and home entertainment and technology integrators making secure smart homes and intelligent, efficient workplaces a reality.”
When combined, the complementary companies will do more for customers in less time and at a lower cost, offering dealers and installers higher, long-term recurring revenue. The combined organization helps dealers by focusing on reducing account creation costs, increasing recurring revenue and reducing attrition rates. Together, the products and services provide security dealers, alarm installers and home technology experts a platform to service and retain accounts and, takeover existing products and services in a unified, secure communications environment. Since there is virtually no overlap between the offerings of ipDatatel and Resolution Products, the two companies will mostly be unchanged.
Today, the companies jointly sell a complete security, alarm, access control and automation solution for smart homes and commercial installations using the Resolution Products’ HelixTM Alarm Panel and ipDatatel’s Universal Alarm Communicators and cloud services. The companies also provide innovative Universal Translator modules, allowing dealers to take-over accounts without replacing sensors, and deliver an innovative line of wireless sensors compatible with virtually any professionally installed security system.
“The combination of our two companies will create a comprehensive, vertically-integrated solution for independent home and commercial installers of security, technology, entertainment and automation,” explained Brian Seemann, CEO, Resolution Products. “Working together, we’ll be able to move more quickly to serve more of the market.”
“Nowadays, consumers are filling their homes with the latest DIY home automation technology such as the Amazon EchoTM with AlexaTM and NestTM smart thermostats/cameras,” said Russell Vail, CEO of ipDatatel. “The merger of Resolution Products and ipDatatel will bring these homeowners or renters a suite of solutions that connect legacy alarm systems, new installations and DIY automation in a simpler, more intuitive way. Additionally, the technology will be less expensive and faster for the installer to both set up and maintain.”
Imperial Capital, LLC. served as the financial advisor to the two companies on the transaction.
ipDatatel, LLC designs and engineers innovative cellular and Internet alarm communication devices for the security and home automation industries. ipDatatel universal alarm communicators enable dealers to easily take over existing hard-wired alarm panels and turn them into smart devices with high-quality alarm communications and remote access from PC’s and mobile devices. In addition, dealers can increase their RMR with ipDatatel’s cloud video solution and the ability to control lights, locks, thermostats and garage door openers. ipDatatel products are available nationwide through distributors that cater to the alarm and integrator industry.
About Resolution Products
Resolution Products is an eight year-old technology company, delivering high performance wireless solutions to the security industry. Resolution is comprised of some of the top engineers in the industry, with roots in creating some of the industry’s most groundbreaking products. Resolution’s product lines include industry-disrupting Translators, a full array of compatible sensors and peripherals and most recently, a line of interactive services communicators. Resolution’s Interactive Gateway Module line won the Best of Commercial and Monitoring Solutions award in the SIA 2014 New Product Showcase at ISC West.
About Robin Pederson
Robin Pederson is a 30-plus year veteran of the technology industry. Pederson was the COO of Infor Global Solutions, now considered the largest privately-held software company in the world. During his tenure, Infor grew from $40M to revenues of 2.2B in five years. Prior to Infor, Pederson served as a senior executive at Stellent, Escalate, Information Advantage, Great Plains Software and Banyan Systems. Pederson graduated with a BSBA from the University of North Dakota.
Media contact: Laura Cruz, Tenor Communications, email@example.com, 917.406.7517