Alarm Grid has learned that Johnson Controls has acquired the remaining stake of Qolsys. Johnson Controls now fully owns Qolsys. The press release from Qolsys states that all key Qolsys leaders and founders will remain at the company's Silicon Valley headquarters in San Jose, CA.
Jeff Williams, President of Global Products for Johnson Controls said of the acquisition:
"Qolsys has grown from a startup to a leading security platform provider with over 4,000 dealers and service providers worldwide. Johnson Controls sees long-term opportunities to bring Silicon Valley innovation and culture to our broader cloud-enabled IoT solutions in building management, fire and HVAC businesses... The opportunity to acquire Qolsys allows Johnson Controls to achieve operational efficiencies and scale across our global markets."
Johnson Controls had already owned the majority of Qolsys. This latest acquisition now puts the entire company under the ownership of Johnson Controls. In addition to Qolsys, the Johnson Controls banner also includes the likes of DSC, Bentel, Visonic, PowerG, and Tyco. The company has certainly assembled an extensive collection of security products and namesakes. Now with Qolsys fully under their control, their expansion should only continue.
As part of the move, Qolsys CEO Dave Pulling will transition to the role of Vice President and General Manager of Global Intrusion Products for Johnson Controls. According to Pulling, Johnson Controls will remain committed to serving existing Qolsys users, while also setting their sights on potential global growth. As for the Qolsys namesake, it shouldn't be going anywhere, and it will continue to represent various panels, sensors, and accessories.
Interestingly, the bottom of the press release from Qolsys hints at a "fourth generation IQ Panel", with a very vague release date of 2021. The press release states that the Fourth Gen IQ Panel will feature a "Qualcomm Chipset with support for AI, M2M, and Next Generation Connectivity". This is the first we've heard about a 4th-gen IQ Panel, but it really sounds like exciting news. We don't have any other details about a 4th-gen Qolsys IQ Panel at this time, but we will definitely keep our eyes open for more news.
Qolsys is currently known for their state-of-the-art IQ Panel 2 Plus. The company is set to release the lower-cost Qolsys IQ Hub later this year, which will represent the "third gen" in the IQ Panel lineup. Also on the roadmap for Qolsys is the upcoming Qolsys IQ Router. And last month's release of the DSC PowerG Wired to Wireless Converter was big news for many Qolsys IQ Panel 2 Plus users. It goes without saying that the company has been frequently making some big waves in the security industry.
Alarm Grid has frequently praised Qolsys Panels for their intuitive designs and simple user interfaces (UIs). We have found that the IQ Panel 2 serves as a great option for new users who aren't necessarily accustomed to, or experienced in, operating alarm systems. We hope that this will continue for Qolsys, even as they are now operating fully under the Johnson Controls banner. Many end users appreciate having easy-to-operate security systems greet them in their homes and businesses. Our hope is that Johnson Controls and Qolsys do not lose sight of that vision.
If you have any questions about the Qolsys IQ Panel 2 Plus, or any other security product from Johnson Controls, or if you want to learn more about monitoring service, please send an email to our team at email@example.com. We check our email from 9am to 8pm ET M-F. We look forward to hearing from you!