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On Eve of Trial, Savant & Crestron Settle Lawsuit

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BREAKING NEWS

Savant logoWe’ve learned today that the long running legal battle between automation giants Savant Systems and Crestron Electronics has been settled on the eve of the case going to trial. The suit was originally filed in September 2010 by Savant Systems, LLC, which alleged that Crestron Electronics, Inc. had – amongst other things – engaged in a variety of anti-competitive and  unfair trade practices. Crestron denied Savant’s allegations and launched their own countersuit alleging that Savant had – amongst other things – engaged in tortious interference with contractual relations; and, unfair & deceptive acts in the conduct of trade.

Scheduled to go to trial in January, the parties have now settled the matter… [Read more…] about On Eve of Trial, Savant & Crestron Settle Lawsuit

Private Equity Kingpin KKR Invests into Savant; Sets $215 Million Valuation

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Savant logoThe Wall Street Journal (WSJ) reported Tuesday that private equity powerhouse Kohlberg Kravis Roberts & Co. L.P. (KKR) has invested $90 million for a 35% stake in Savant Systems, LLC (Savant). While this is a minority stake, KKR is obviously bullish on the home automation supplier making what the WSJ says is an “eight-figure bet” that places a $215 million valuation on the home automation supplier.

See more on this news on a rapidly rising home automation supplier… [Read more…] about Private Equity Kingpin KKR Invests into Savant; Sets $215 Million Valuation

Core Brands Awards The Bulk of Its Brands to Atlantic Integrated For NY Metro

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Nortek's Core Brands LogoCore Brands, LLC, a division of Nortek, Inc., announced Tuesday that Atlantic Integrated, a Rockleigh, NJ-based sales representative company, has been awarded most of its brands for representation in the New York Metropolitan region and Fairfield County, CT. This appointment is effective immediately and represents a realignment of the brands under one rep firm.

See more on this major announcement for the NY metro market… [Read more…] about Core Brands Awards The Bulk of Its Brands to Atlantic Integrated For NY Metro

Prominent West Coast Rep Closes Company to Join Savant; He Tells Strata-gee Why

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Photo of Mike Kavanaugh

Savant Systems announced today that it has appointed Mike Kavanaugh as its Sales Director for the West Coast effective April 14, 2014. Kavanaugh, a well-known and prominent custom integration rep, is the principal of MK Marketing, a successful 20+ year sales representative company based in Southern California.

Now Kavanaugh is closing down MK Marketing to become a Savant employee – surprising many… [Read more…] about Prominent West Coast Rep Closes Company to Join Savant; He Tells Strata-gee Why

Social Media’s Buzzing about Savant Systems’ New CEO

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Savant logoSavant Systems, LLC announced on Tuesday that it has hired William J. Lynch as its new CEO. Who is Lynch, you ask? He is the ex-Barnes & Noble CEO who left there in the middle of last year. The Savant announcement surprised many as, on paper, Lynch looks like an unlikely candidate for the role.

Since the announcement, social media has buzzed about this appointment. See more… [Read more…] about Social Media’s Buzzing about Savant Systems’ New CEO

HTSA Announces Their Top Vendors for 2013

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HTSAlogoThe Home Technology Specialists of America (HTSA) on Tuesday announced their top vendor awards for 2013. These awards were handed out at their Fall 2013 dealer conference held last week and included a special Lifetime Achievement Award.

See who earned top honors from the national dealer group below… [Read more…] about HTSA Announces Their Top Vendors for 2013

Savant Launches Wi-Fi Universal Remote Control That Configures Itself

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Savant logoSavant Systems, LLC said today that it has launched a new Wi-Fi-based universal remote control designed with today’s media room in mind. The sleek designed remote is said to fit well in your hand and is designed to be intuitive to operate…even in a multiple sub-system set-up. Even better, when connected to a Savant control ecosystem, the remote fully configures itself – eliminating the need for complex programming routines.

See more on this exciting new universal remote from Savant… [Read more…] about Savant Launches Wi-Fi Universal Remote Control That Configures Itself

Savant Picks SESales for Southeastern States Reps

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Savant logoSavant Systems, LLC has selected Southeastern Sales Associates, Inc. (SESales) as their sales representatives for the southeastern region. Focusing on the custom integration business, SESales will represent the home automation brand to those installers and dealers in the states of North Carolina, South Carolina, Georgia, Alabama, Mississippi, and Tennessee.

Learn more about this new appointment here… [Read more…] about Savant Picks SESales for Southeastern States Reps