Fluent Home Receives $30 Million in Funding While Retaining 100% Equity
A private investment firm provided funding for improved home automation features and future account growth.
EDMONTON, Alberta, March 7, 2014 /CNW/ - Fluent Home (previously known as "Titan Alarm" in Canada and "Stryke Alarm" in the United States) reached an extraordinary milestone in its fourth year of operation. At this early stage of business, the company has raised more than $30 million for account growth from an international infrastructure investment firm. Virtually unheard of in the security industry, this demonstrates Fluent Home's potential for growth and investor confidence in Fluent's organizational strength.
Fluent Home CEO Jack Elbaum explains, "This financing will take the company to the next level and well into the future. We have already begun exploring new technologies, products, and services in an effort to be responsive to the evolving needs of our customers. We now have the resources to vigorously continue our efforts while still retaining full equity in the organization."
Fluent has become the largest independently owned home security dealer in Canada. The company introduced its new name ("Fluent Home") on January 1, 2014, launching its vision of expanding from exclusively providing security alarm products to becoming experts and providers of home automation technology and products. Fluent now offers additional services and technology that bring the convenience, savings, and comfort of home automation to all of its customers.
The name change, coupled with this round of funding, has also allowed Fluent to implement new administrative technology and processes that will improve customer service and retention without any added labor costs. In addition, Fluent has been reaching out to industry experts and engineers to begin development of proprietary technology and products that will be at the forefront of the company's vision of a connected and protected home.
About Fluent Home
Fluent Home (www.myfluenthome.com) is a leading provider of home security and automation services. Fluent's product offerings include full home automation features such as automatic locks, connected lights, and video cameras. In addition to home automation features, Fluent proudly serves customers in the U.S. and Canada with 24/7 monitored security alarms that protect thousands of homes. Charity is as much a part of Fluent's mission as is protecting homes and improving lives and the company dedicates itself to charitable projects both locally and abroad.
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