Since everyday household items are being redefined through the ‘smart home' age, the competition has become fierce. One market that has seen a great deal of innovation from the startup world is household locks which are quickly transitioning to smart locks. In the past, we have reviewed models like the Kevo from Kwikset, and there are dozens of other competing models on the market.
For a traditional lock company like Yale, the transition to smart technology isn't as easy as acquiring someone who has already mastered it. Today, Yale's parent company, Assa Abloy announced their acquisition of August Home brand which currently sells three different smart lock kits.
According to the Vice President of Assa Abloy, the acquisition “strengthens our residential smart door strategy with complementary smart locks, expansion into video doorbells, and comprehensive solutions for home delivery.”
Whether the company will continue to operate independently of Yale is still uncertain, but the idea that they are working on a video doorbell should worry Ring and Nest whose models currently dominate the market.