AlertMe sold to British Gas for $100m
Cambridge home technology pioneer AlertMe is to be acquired by long-term partner British Gas for around $100 million (£65m).
The companies say the combined team will be the UK leader for intelligent connected home services that could be rolled out to tens of millions of homes through global distribution.
Delivering smart energy solutions that save cash and reduce the carbon footprint of households is at the heart of the business. The deal fuses British Gas’ ability to innovate for mass market consumers with AlertMe’s next generation Internet of Things technology and expertise.
AlertMe CEO Mary Turner (pictured above) says the acquisition will create a highly experienced and fully integrated team to accelerate the development of new connected home services in the UK and worldwide.
She said: “AlertMe has been the pioneer in establishing and growing the Internet of Things commercially in the UK and US.
“We have created a market-leading Internet of Things platform and a highly experienced team of technologists and operational capability, which together have given us proven ability to serve mass market customers.
“We are excited to move forward with British Gas, with an opportunity to roll out service for tens of millions of homes, and to realise our ambition for further global distribution.”
Founded in 2006 by Pilgrim Beart, AlertMe has earned traction by providing a scalable, resilient and interoperable platform to connect an ecosystem of devices and appliances in the home.
The company’s products and services are in more than 200,000 homes and personalised energy data services are being delivered to 500,000 homes.