Savant designs, develops and manufactures software and hardware for the connected home, including lighting control, energy management, digital display and telephony.
KKR co-head of technology investing David Kerko said, “Savant is positioned very well to play a leading role in defining the future of home automation given its strong technology platform and user-centric experience.
“We believe Savant will continue to introduce highly innovative smart home automation solutions that will dramatically shift the way everyone interacts with their home.”
KKR said it has a deep history of investing in significant companies in the consumer product and technology space.
The firm backed wireless home music player maker Sonos in 2012.
Copyright © 2014 AltAssets