British Gas acquires AlertMe – A smart home leader
AlertMe, the Cambridge-based company behind the technology that powers the Hive Active Heating system sold by British Gas has just been acquired by British Gas itself. Originally holding an investment of around 20%, British Gas has now bought the entire outfit for around $100m. As AlertMe only has two large customers, British Gas itself and Lowe, in the US, it is unclear whether British Gas aims to use the platform and technology for its own energy customer base. However in a press release, Mary … Read more…