M2M, provider of universal alarm panel communicators, and Alula, provider of smart security and Internet of Things (IoT) solutions, announced the company's have completed the merger. Operating under the name M2M Services, the combined entity will leverage the strengths of both companies.
The combined companies will be led by Peter Tzvetkov, CEO of M2M Services. Dave Mayne, president of Alula, will lead North America operations and oversee global sales and marketing. Gregg Waldon, CFO of Alula, will manage financial operations for the combined business. The company will have a U.S. headquarters in St. Paul, Minn., and global headquarters in Sofia, Bulgaria.
“This merger represents a strategic move to position ourselves as the premier market leader in the smart security industry,” said Tzvetkov. “We are excited about the future and the offerings we’ll provide to both our current and prospective customers, making available unmatched security solutions that provide peace of mind and seamless control over the connected environments they create and monitor.”
Mayne stated, “The merger with M2M opens up new horizons for Alula as we combine our expertise to set new benchmarks for quality, engineering and innovative security offerings. Together, we are committed to empowering our customers with advanced technologies that redefine the way they protect what matters most.” Mayne continued, “As a combined business over 1.25 million rooftops will be actively using our service platform to protect their properties and add convenience to the lives of those residing and working there. We are committed to continued innovation around the connected security market.”
The new business will offer an extensive range of smart security solutions that encompass cutting-edge hardware, services, and cloud-based technologies. Customers will enjoy an even broader array of products tailored to meet their unique security needs.
By pooling research and development resources, the new M2M Services will accelerate the pace of innovation, creating new technologies that drive the industry forward and enhance the overall user experience. The new M2M Services brings together a team of industry veterans and seasoned experts from both companies. This combined expertise will enable the company to address market challenges and anticipate future trends effectively, according to the announcement.
For more information, visit: m2mservices.com.
