Signify’s WiZ Acquisition
Subscribe To Read This InsightBy Jonathan Collins | 2Q 2019 | IN-5471
Signify Acquires Wi-Fi Smart Lighting Startup WiZ |
NEWS |
In April 2019, Signify, the re-branded Philips Lighting business, acquired smart bulb company WiZ for an undisclosed sum. Signify is the company that pioneered and really led smart home lighting adoption. However, despite its long-standing and steadily expanding range of smart lighting options, the smart lighting market is evolving to embrace new technologies, players, and strategies. Acquiring WiZ helps bring Signify into a new and growing area of the smart home lighting market.
WiZ Offerings for Consumers, Enterprise, and OEMs |
IMPACT |
Hong Kong-headquartered WiZ, founded in 2015, has a team of 53 employees distributed around the world due to the company’s sales in 25 countries across the Americas, Europe, the Middle East, and Asia-Pacific.
Alongside a range of LED white and c...
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