Consumer electronics - the internet of things
Zensys, based in Copenhagen, Denmark, was a provider of fundamental enabling technology for home control networks. Zensys’ proprietary technology, Z‑Wave™, enables low-cost wireless communication between controllable devices such as power outlets, light switches, sensors, alarms, thermostats and AV equipment.
Zensys’ proprietary technology enabled low-cost wireless communication between controllable devices such as power outlets, light switches, sensors, alarms, thermostats and AV equipment. Palamon could see the potential for the business to become the de-facto standard for ultra low-cost home networking and for the company’s technology to be widely incorporated into household appliances by a broad spectrum of manufacturers.
Zensys was one of the forerunners in the “internet of things”. Whilst it had met all commercialisation objectives trading was significantly impacted by the downturn in the US housing market in 2008 following the global financial crisis.
In November 2008, Zensys was sold Sigma Designs, Inc, a NASDAQ listed semiconductor business.