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.
You must be a subscriber to view this ABI Insight.
To find out more about subscribing contact a representative about purchasing options.