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I’m just shocked and amazed. Presumably this company had hundreds of employees, millions in revenue, etc. what would have caused them to disappear like this? I
by mperham 4y ago
I’m just shocked and amazed. Presumably this company had hundreds of employees, millions in revenue, etc. what would have caused them to disappear like this?
I’m guessing there is a large legal aspect we haven’t heard about yet. Somebody did some crimes.
- novok 4y agoI looked into insteon products a few months before this, and there was that much community activity about it. Nobody really has talked about insteon products in the past couple years much, which has led me to believe they were dying as a company. I think it was a competition thing. There is way more cheap stuff out there now, and insteon is known as annoying and unreliable (as in devices die after a few years), so the high end market just moved to lutron.
- mperham 4y agoBut to have no sunsetting. Unreal. I believe they were bought by private equity a few years back and their MO is: buy, leverage and go bankrupt. This fits that pattern.