Signify is acquiring WiZ Connected, the Hong Kong developer of the WiZ Wi-Fi-based connected lighting ecosystem. The addition of WiZ enables Signify to extend its portfolio by stepping into the wi-fi-based smart lighting market.
“We are very pleased to join forces with the teams of WiZ Connected who have developed a great technology platform enabling to address a larger customer base in the growing market of Wi-Fi-based lighting,” said Eric Rondolat, CEO of Signify. “It perfectly complements Signify’s existing offers and will help us to continue to deliver an experience rich in light and intuitive in use for our customers.”
As for WiZ, CEO Jean-Eudes Leroy expects that the Signify connection will enable his operation to reach a large audience of unaddressed customers. “WiZ is an open IoT platform, accessible to all lighting and electrical vendors, providing the benefits of connected devices to all end-users,” he said.
WiZ is a lighting system that connects lights through a Wi-Fi network and can be controlled with an iOS or Android app on, with the WiZmote infrared remote control, with a traditional power switch, or with voice command through Alexa or Google Home.
The behaviour of the lights can be scheduled, for example to follow your routines or to simulate presence.
Formed in 2015, WiZ Connected is a French-Asian lighting software solutions company based in Hong Kong with an international team. Over 60 lighting vendors around the world are using WiZ in hundreds of different lighting fixtures; WiZ is currently deployed in 25 countries across the Americas, Europe, the Middle East and Asia Pacific.
The transaction is expected to close in the second quarter of 2019. Financial details have not been disclosed.