Homelync’s acquisition by Aico represents a significant milestone for social landlords looking to procure connected solutions.
Aico is the UK market leader in domestic Fire and Carbon Monoxide protection, pioneering new technologies and offering high quality Fire and Carbon Monoxide alarms. Known for their focus on education, quality, service and innovation they are the premium brand in social housing. After the successful roll out of their popular SmartLINK Gateway, and due to customer demand, they have ambitious plans to expand further into the social housing Internet of Things (IoT) and connected home market.
Homelync are an award-winning, innovative technology firm that specialize in smart home integration and analytics technology. With industry-leading expertise in the Internet of Things (IoT), software development and integration, the Homelync team are at the forefront of this progressive market. Homelync have widely rolled out integrated IoT solutions for social landlords across the UK to help them tackle challenges associated with cost savings, maintenance efficiency, decarbonization, tenant safety, fuel poverty, and social care. This is done by leveraging an ecosystem of leading IoT devices including temperature, humidity, CO2, fire safety, water leak, boilers, and energy.
This acquisition represents a significant step forward for IoT in social housing at a time when the market has recently seen significant growth. The acquisition gives landlords the opportunity to invest in IoT over a longer term investment cycle by providing an additional layer of confidence that couples Homelync’s innovation with the resources of a well-established brand that is trusted in the sector. Aico’s heritage of 30 years standing provides great strength for all landlords.
Commenting on the acquisition, Homelync CEO Luke said; “Our vision is to harness new technology to make social housing smarter, safer and more efficient. The strategic investment by, and future close collaboration with Aico, will help us accelerate our objectives in this regard. The vendor agnostic, open sensor ecosystem we have developed is 100% complementary to what Aico offers its customers today. Add to this our team, with decades of experience in software, hardware, machine learning and local government, and we believe we have the essential ingredients for a very successful partnership.”
By analysing IoT data and presenting actionable insights, Homelync helps landlords meet several of their strategic objectives whilst generating a significant return on investment (on average 5:1 and up to 10:1 depending on the landlord and devices deployed). By partnering with Aico, Homelync can offer to a larger market scalable and reliable IoT solutions that are tailored to a landlord’s specific needs.
Commenting further, Aico Managing Director Neal Hooper said, “Aico and Homelync is a perfect partnership – Aico being the UK market leader in Fire and CO detection and Homelync complementing this with advanced data insight and analytics across associated housing environmental sensors including temperature, humidity, energy usage and gas boilers. Complementing Aico’s Gateway which provides real time data insight into connected Fire and CO alarms within a property, Homelync’s advanced machine learning and analytics of this collective data will provide our customers with state of the art data insight across their connected properties. We are extremely excited around the value this is able to bring to customers across the social housing sector and look forward to continuing innovations and progression across the Connected Home and IoT arena.”
This exciting partnership allows Homelync to leverage Ei’s world class manufacturing capability and Aico’s market leading approach to innovation, customer service and quality to bring a reliable and scalable IoT solution which reduces the risk that landlords would otherwise face when procuring technology from start-up businesses.
Homelync is a multi-award winning high tech business that leverages cutting edge smart home integration and analytics technologies to address the needs of social landlords and their residents. Based in the South West of England where it has been recognised as one of the most innovative businesses in the region, their team has industry leading expertise in artificial intelligence and the Internet of Things (IoT), as well as software development and integration. At the forefront of this rapidly emerging market, in the last 12 months, Homelync has grown significantly and accelerated the roll out of its products and services. By partnering with leading IoT providers and management systems, they have a track record of helping landlords reduce operating costs and carbon emissions whilst improving their residents’ wellbeing and safety.
Aico, an Ei Company, are the UK market leader in domestic Fire and Carbon Monoxide protection, pioneering new technologies and offering high quality Fire and Carbon Monoxide alarms. All alarms have been designed, developed and manufactured at the Ei Electronics factory in Shannon, Ireland, ensuring that Aico alarms meet UK standards and offer a wide range of sensor types to ensure every home is protected. Each alarm is tested multiple times before leaving the factory ensuring quality in all Aico alarms.
Aico offers in-house expert technical support as part of their dedication to excellent customer service. The Technical Team can provide advice on alarm selection, siting and installation, as well as producing personalised specification documents. As well as the in-house support provided, Aico also have Regional Specification Managers covering the whole of the UK to offer more personalised, local support.
With annual turnover in excess of €250 million, Ei Electronics is an acknowledged global leader in the design and manufacture of Fire and CO detection products for the residential sector. Employing over 800 people worldwide, the company is headquartered in Shannon, Ireland, where all key R&D, Manufacturing and Commercial functions are located. 100% of manufacturing is undertaken at the Shannon headquarters. Overseas autonomous subsidiaries are located in the UK, Germany, France, Poland and the USA. Further sales are facilitated through an extensive network of distributors worldwide. The Company’s success is based on a culture of Quality, Service and Product Innovation, R&D is the lifeblood of its business, with sensor technologies at the core of its product advancement. As a global leader in its industry Ei Electronics is now at the forefront of emerging Cloud-based “Connected Home” and IoT developments.
For more information contact Chris Jones on email@example.com