KKR Invests In Smart Home Tech Company Savant Systems
Private equity firm KKR & Co LLP said on Wednesday that it is investing $90 million in Savant Systems, a company that helps control the lighting, temperature and TVs in some of the world’s wealthiest homes. Chief Executive Officer William Lynch said in an interview, It sells home automation systems to the luxury market and can be found in homes of tech CEOs and musicians. The systems, which runs on a home’s Wifi network, can control everything in a house from energy, lighting, music to a Comcast cable box, all from a phone. Lynch added, the company’s compounded annual growth rate has been 50 percent over the past five years.
“KKR Invests In Smart Home Tech Company Savant Systems” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.