Era acquires Y-Cam
Era has acquired British smart security provider Y-cam, for an undisclosed sum, in a move that CEO Darren Waters says: ‘puts Era right at the forefront of the smart security market’.
He continued: “This acquisition is an important strategic move for Era. Rapid growth in the connectivity of British homes coupled with a big increase in consumer awareness means that demand for trustworthy smart security technology is increasing rapidly. Unlike many other businesses in the sector, we’re building our smart capability on 180 years of home security expertise; this unrivalled experience gives massive confidence to trade partners and end-users alike.
“Y-cam’s proprietary cloud platform, along with its security cameras, alarms and sensors, will bring Era unrivalled expertise in the sector and substantial potential for further growth.”
The company added that, according to a recent GfK Global report, the UK is the fastest growing smart home market in Europe and smart security products have the second highest level of appeal after connected entertainment devices.