Resideo Technologies Inc. has acquired Buoy Labs, based in Santa Cruz, Calif. The newly acquired company produces an innovative Wi-Fi enabled solution that tracks the amount of water used in a home, integrating smart software and hardware that can identify potential leaks and intervene to prevent them through its subscription-based app services.
“Today’s announcement is part of our vision to provide whole home management through four areas: comfort, security, air quality and water usage,” said Mike Nefkens, president and CEO of Resideo. “Buoy Labs is the first move in our ongoing strategic initiative to identify and execute on tuck-in acquisitions. Their products and talent are a natural fit for Resideo’s portfolio of professionally installed and monitored smart home solutions that integrate the critical systems of the home.”