Update from Raphael
Precisely two years ago we announced that our Swiss-Californian startup NEEO was acquired by the (back then NASDAQ traded) Control4 Corporation. The entire startup time was an unforgettable ride and the acquisition started a new chapter. Together with the absolutely exceptional team, I joined the merged company, in order to build an even stronger, larger organisation and to work and innovate in the professional smart home market.
Just a couple of month in, the entire company was acquired again, for an all-cash transaction of $680 millions by SnapAV, and with that step, the company went privat again. This was transformative for the professional installation industry and a super interesting time for everyone involved. I can definitively not complain. I signed up for adventures and adventures I got 😉
I’m thankful for that time, especially for all I learned and I’m super thankful to have worked with such an exceptional team. A couple of weeks ago, I decided to step down from my product & services executive role. I'm focusing on getting startups off the ground, and with that, I will not have an active role at SnapAV anymore. I will cheer from the sidelines, as a friend and investor though.
What I’m especially looking forward to, are the moments when all the wonderful projects, that our teams worked on, will become public. I can already tell you, there are some really exciting things coming up.
Important note and good news for the owners of the original DIY NEEO: As part of my deal, the company agreed to keep the servers of the original DIY product up for at least another two years until 2023. ❤️
The professional smart home industry needs more and strong startups. If you happen to know some crazy founders - send them my way.
Thank you to everyone who supported me in any ways during these last crazy chapters.
We supported Neeo and were promised something in return, but instead our support is dismissed as a past chapter and two years of "additional support" without further development is now presented as great step.
Logitech stops further development but more and more smart devices are moving into the home. All that is left is the smartphone or tablet to operate them. The market for a central remote control for the family has existed for years, but no one dares. That's why Neeo was so valuable to me and would still be today.