Savant Systems LLC , Hyannis, Mass., a provider of smart home technology, announced that it received a $90 million investment from affiliates of Kohlberg Kravis Roberts & Co. L.P. (KKR), a global investment firm, and the founder of Savant, Robert Madonna. The funding will support Savant's continued product innovation and company expansion.
“Savant is already an established market leader in home automation with clients including some of the most discerning public figures, entertainers and business leaders,” said William Lynch, CEO, Savant Systems. “With this significant investment, we will bring our award-winning Savant Home experience to a broader audience of consumers worldwide.”