INSUBCONTINENT EXCLUSIVE:
SimpliSafe, the company behind the well-received SimpliSafe home security service, today announced that Hellman Friedman, the massive
venture fund and private equity firm, has taken a controlling interest in the company
at about $1 billion.Hellman Friedman also currently own a number of other brands
ranging from Grocery Outlet to insurance software specialist Applied Systems (and which owned companies like Getty Images, Scout24 and
the past that involved investments, acquisition and acquiring the controlling interest (sometimes as part of a syndicate) in companies like
DoubleClick, Nielsen, Nasdaq, OpenLink and others
them to an IPO.For SimpliSafe, the news comes on the heels of the launch of its updated hardware platform in February
But it also comes shortly after Amazon closed its acquisition of Ring, which not also offers its own security system, and the launch of
SimpliSafe says it currently protects over two million people, but while there are now more players in the market, this is also still a
