AlertMe announces it has entered into an agreement for the sale of the company to British Gas (part of the Centrica plc group) in a deal estimated to be worth £65m ($100m).
The deal will create the UK’s leading connected homes provider, by bringing together British Gas’ ability to innovate for mass market consumers with AlertMe’s next generation Internet of Things technology and expertise. The acquisition will create a highly experienced and fully integrated team to accelerate the development of new connected home services in the UK and worldwide.
Mary Turner, CEO of AlertMe says: “AlertMe has been the pioneer in establishing and growing the Internet of Things commercially in the UK and USA.
“We have created a market-leading Internet of Things platform and a highly experienced team of technologists and operational capability, which together have given us proven ability to serve mass market customers. We are excited to move forward with British Gas, with an opportunity to roll out service for tens of millions of homes, and to realise our ambition for further global distribution.”
Nina Bhatia, Commercial Director for British Gas says: “We are very excited at the potential we’ve now got through technology, to help people manage their homes and lives more easily.
“With access to new technology and skills we’re strengthening our capability at British Gas to develop a family of products that will put people in control of their homes in a way that’s simply never been possible before.”
Founded in 2006, AlertMe provides a scalable, resilient and interoperable platform to connect an ecosystem of devices and appliances in the home. The company’s products and services are in over 200,000 homes and personalized energy data services to 500,000 homes. Already managing and making sense of 10bn internet of things data points and 1bn smart meter reads a month, the company provides an end-to-end service that goes way beyond point solutions, allowing devices and applications to work together seamlessly and incorporate dynamic data to build future intelligent connected home solutions.
AlertMe was founded in 2006 and provides a scalable, resilient and interoperable platform to connect an ecosystem of devices and appliances in the home. It provides an end to end service (from device integration to platform, data analytics and user experience) that goes beyond point solutions, allowing devices and applications to work together seamlessly.
AlertMe provides a platform that allows corporate partners to offer remote device monitoring and control, data analytics intelligent automation for a single home ecosystem. www.alertme.com
About British Gas
British Gas is the UK’s leading energy supplier, and serves around 11 million homes in Britain –nearly half the country’s homes – as well as providing energy to around half a million UK businesses. British Gas provides value for money, dedicated customer service, innovative energy solutions and the highest quality Home Services expertise in the country. www.britishgas.co.uk.