Allegion plc, a leading global security products and solutions provider, has acquired privately held technology company Yonomi.
Yonomi is an innovation leader in IoT Cloud platforms. Founded in 2013 by building automation and enterprise Cloud computing experts, Yonomi was the first to create an agnostic smart-home ecosystem that automatically discovers and coordinates devices. Today, Yonomi solutions are used in more than 150 countries, and millions of IoT devices are connected to its platforms.
According to Allegion Senior Vice President and Chief Technology Officer (CTO) Vince Wenos, Yonomi also holds unique intellectual property that matches well to Allegion’s strategic priorities for accelerating growth through seamless access, innovative solutions and meaningful partnerships.
Yonomi employs nearly 25 people at its operations in Boulder, Colorado, and Austin, Texas.Terms of the transaction were not disclosed.