- Quantify Technology (QFY) has announced a game-changing merger with Zimi, to become Australia's leading provider of smart home tech
- Zimi, and its related Powermesh products, are owned by private South Australian group Gerard Private
- The merger between Quantify and Zimi places it in an enviable position of being able to capture a large portion of the growing smart home tech market
- Revenue from this market in Australia is projected to reach $1.8 billion this year alone
- 21 per cent of all houses already contain smart technology, with that number expected to grow to 41 per cent by 2023
- Both companies believe the merger will accelerate sales via cross-selling of products and also reduce costs by integrating the two teams
- Shares in Quantify are currently trading for 0.2 cents each
The smart home technology market has a new leader in the pack, following Quantify Technology’s (QFY) recent game-changing merger with Zimi.
Under the newly announced merger, Quantify and Zimi will join forces and become Australia's leading provider of smart home technology.
Both companies will bring their own range of smart home products to the merger, expanding Quantify’s total reach in this multi-billion-dollar market.
Read the full article on The Market Herald here: https://themarketherald.com.au/the-future-is-bright-for-quantify-technology-asxqfy-the-leading-provider-of-smart-home-tech-2020-10-06/
