abode systems, a provider of do-it-yourself smart home security, announces a strategic investment from Nice S.p.A., a global home and building automation company based in Oderzo, Italy. Through the transaction, which was public as of Friday, April 13 and reported to the Italian stock exchange, Nice will acquire 75% of abode systems with the remaining stock held by abode founders.
Abode was originally founded in 2014 by former ADT executive Christopher Carney and launched on Kickstarter in 2015. The home security startup combined professional-grade security with desirable and popular smart home features and a powerful home automation engine to create what is now a well-developed smart home security space.
