


{"id":42501,"date":"2018-10-17T12:28:07","date_gmt":"2018-10-17T10:28:07","guid":{"rendered":"https:\/\/newserver.fyb.de\/iot-leader-smartfrog-acquires-majority-stake-in-u-s-iot-pioneer-canary\/"},"modified":"2018-10-17T12:28:07","modified_gmt":"2018-10-17T10:28:07","slug":"iot-leader-smartfrog-acquires-majority-stake-in-u-s-iot-pioneer-canary","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/iot-leader-smartfrog-acquires-majority-stake-in-u-s-iot-pioneer-canary\/","title":{"rendered":"IoT leader Smartfrog acquires majority stake in U.S. IoT pioneer Canary"},"content":{"rendered":"<p>Berlin, Dublin, New York (ots) \u2014 <strong>Smart\u00adfrog<\/strong>, one of Euro\u00adpe\u2019s leading IoT compa\u00adnies, acqui\u00adres a control\u00adling stake in US IoT pioneer<strong> Canary<\/strong> and invests <strong>US $25 million in<\/strong> the company\u2019 <strong>s<\/strong> growth <strong>toge\u00adther with Cana\u00adry\u2019s exis\u00adting key inves\u00adtors<\/strong>. Charles Fr\u00e4nkl, CEO of Smart\u00adfrog, will hence\u00adforth lead both companies.<\/p>\n<p>Combi\u00adning Cana\u00adry\u2019s and Smart\u00adfro\u00adg\u2019s busi\u00adnesses will allow both compa\u00adnies\u2019 resour\u00adces, teams, their market exper\u00adtise and comple\u00admen\u00adtary distri\u00adbu\u00adtion chan\u00adnels to be lever\u00ada\u00adged and bene\u00adfit from syner\u00adgies to conti\u00adnue to grow the busi\u00adness toge\u00adther in both the U.S. and Europe.<\/p>\n<p>Smart\u00adfro\u00adg\u2019s and Cana\u00adry\u2019s products, tech\u00adno\u00adlo\u00adgies, markets, busi\u00adness models and distri\u00adbu\u00adtion chan\u00adnels comple\u00adment each other seam\u00adlessly. While Smart\u00adfrog has so far successfully focu\u00adsed on the Euro\u00adpean market, Canary has been able to posi\u00adtion itself as one of the market leaders in the USA. Smart\u00adfrog pursues a pure SaaS busi\u00adness model, offe\u00adring soft\u00adware as a service inclu\u00adding. hard\u00adware as a subscrip\u00adtion and gene\u00adra\u00adtes over 90% of its sales directly in its own online store, irre\u00adspec\u00adtive of statio\u00adnary (retail) and online trade (etail). Canary, on the other hand, offers its products prima\u00adrily at retail and is available in more than 10,000 retail stores in the U.S. and Europe. Around half of the custo\u00admers then purchase a paid subscrip\u00adtion that provi\u00addes access to addi\u00adtio\u00adnal func\u00adtions and services such as cloud storage. Both compa\u00adnies main\u00adtain sales coope\u00adra\u00adti\u00adons with inter\u00adna\u00adtio\u00adnal part\u00adners. Smart\u00adfrog coope\u00adra\u00adtes with energy suppli\u00aders such as e.on in Germany, First Utility in the UK and Maxenergy in Austria. Canary estab\u00adlished part\u00adner\u00adships with insu\u00adr\u00aders in the U.S., inclu\u00adding State Farm, Liberty Mutual and Alls\u00adtate. The products and tech\u00adno\u00adlo\u00adgies of both compa\u00adnies, such as the solu\u00adti\u00adons offe\u00adred, the IoT plat\u00adform, arti\u00adfi\u00adcial intel\u00adli\u00adgence and machine lear\u00adning are also complementary.<\/p>\n<p>Simi\u00adlar to Smart\u00adfrog in Europe, Canary succee\u00added in buil\u00adding a leading market posi\u00adtion and one of the stron\u00adgest SaaS busi\u00adness models with stable growth in recur\u00adring reve\u00adnues, espe\u00adci\u00adally in the US. \u201cBy bund\u00adling our poten\u00adtial, the Group is even better posi\u00adtio\u00adned in the highly compe\u00adti\u00adtive IoT market and equip\u00adped for further inter\u00adna\u00adtio\u00adnal growth,\u201d says Charles Fr\u00e4nkl. \u201cThe joint invest\u00adment by leading U.S. inves\u00adtors and Smart\u00adfrog is a further vali\u00adda\u00adtion of our vision and busi\u00adness model \u2014 also in Sili\u00adcon Valley,\u201d Fr\u00e4nkl added.<\/p>\n<p>The market for smart home IoT has reached a turning point with around 16 percent market pene\u00adtra\u00adtion in Germany and 7.5 percent world\u00adwide, and thus conti\u00adnues to offer great growth poten\u00adtial. Through the further deve\u00adlo\u00adp\u00adment and sensi\u00adble use of new tech\u00adno\u00adlo\u00adgies such as arti\u00adfi\u00adcial intel\u00adli\u00adgence and machine lear\u00adning, as well as by offe\u00adring easy-to-use products at low prices, a clear added value can be gene\u00adra\u00adted for users and thus smart home IoT can be deve\u00adlo\u00adped into a mass market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Berlin, Dublin, New York (ots) \u2014 Smart\u00adfrog, one of Euro\u00adpe\u2019s leading IoT compa\u00adnies, acqui\u00adres a control\u00adling stake in US IoT pioneer Canary and invests US $25 million in the company\u2019 s growth toge\u00adther with Cana\u00adry\u2019s exis\u00adting key inves\u00adtors. Charles Fr\u00e4nkl, CEO of Smart\u00adfrog, will hence\u00adforth lead both compa\u00adnies. Combi\u00adning Cana\u00adry\u2019s and Smart\u00adfro\u00adg\u2019s busi\u00adnesses will&nbsp;allow&nbsp;[\u2026]<\/p>\n","protected":false},"author":2,"featured_media":42515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366],"tags":[],"class_list":["post-42501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","news-category-deals-news-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IoT leader Smartfrog acquires majority stake in U.S. IoT pioneer Canary - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/iot-leader-smartfrog-acquires-majority-stake-in-u-s-iot-pioneer-canary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IoT leader Smartfrog acquires majority stake in U.S. IoT pioneer Canary - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Berlin, Dublin, New York (ots) \u2014 Smart\u00adfrog, one of Euro\u00adpe\u2019s leading IoT compa\u00adnies, acqui\u00adres a control\u00adling stake in US IoT pioneer Canary and invests US $25 million in the company\u2019 s growth toge\u00adther with Cana\u00adry\u2019s exis\u00adting key inves\u00adtors. Charles Fr\u00e4nkl, CEO of Smart\u00adfrog, will hence\u00adforth lead both companies. 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