As suddenly as it disappeared, Insteon has returned. The smart home company's services started coming back to life this week, and on Thursday, Insteon announced that a group of customers had purchased and are resurrecting the business.
In April, Insteon made news when it abruptly shut down its cloud servers without telling customers, bricking their smart home devices in the process.
Days later, Insteon explained that supply chain disruptions brought on by the COVID-19 pandemic led to the company looking for a buyer in 2021, but none materialized. The goodbye message said that a financial services firm was appointed "to optimize the assets of the company" but left a window open, expressing "hope that a buyer can be found for the company." It turns out the buyers were right under Insteon's nose.
Read 9 remaining paragraphs | Comments