Smart thermostats are becoming increasingly popular, and one of the leading brands in this space is Ecobee.
But who owns Ecobee? In this article, we’ll explore the history of Ecobee, what it offers, who owns it, and the benefits that come with ownership.
We’ll also look at how Ecobee has changed since being acquired by Ingersoll Rand, and where it’s currently available.
So if you’re curious about the owner of Ecobee, this article is for you!
Table of Contents
Short Answer
Ecobee Inc.
is a Canadian home automation company that designs and manufactures the ecobee thermostat.
It was founded in 2007 by Stuart Lombard, Chris Wallace, and John Vastardis, and is headquartered in Toronto, Canada.
In 2017, ecobee was acquired by American retail giant Best Buy for $45 million.
History of Ecobee
Founded in 2007, Ecobee was one of the first companies to develop the ability to remotely control a home’s heating and cooling system through a smartphone or computer.
With the introduction of their first product, the Ecobee Smart Thermostat, they quickly gained popularity for their innovative technology and user-friendly design.
Since then, Ecobee has continued to develop and refine their product line, introducing the Ecobee4 Smart Thermostat, the Ecobee3 Lite Smart Thermostat, and the Ecobee Room Sensor.
In 2017, Ecobee was acquired by Ingersoll Rand, a global diversified industrial company with more than 150 years of experience in climate control technologies.
Ingersoll Rand has since worked to further develop and refine Ecobees product offerings, making them available in more than 10,000 stores across the US, Canada, and Australia.
The acquisition has allowed Ecobee to continue to expand their reach and provide their products to even more customers.
Today, Ecobee remains one of the most popular and reliable smart thermostat brands on the market, offering their customers the latest in smart technology, energy efficiency, and convenience.
With their dedication to quality, innovation, and customer service, Ecobee is sure to remain a leader in the smart thermostat industry for years to come.
What Is Ecobee?
Ecobee is a Canadian-based company that specializes in smart thermostat technology.
Founded in 2007, Ecobee was one of the first companies to develop the ability to remotely control a home’s heating and cooling system through a smartphone or computer.
Ecobee’s products are designed to help you save energy and costs while making your life easier.
The company’s mission is to make it easy for everyone to save energy and money without sacrificing comfort.
Their products are designed for both homeowners and businesses, and include smart thermostats, room sensors, and other connected products.
Ecobee thermostats are designed to be easy to install and use, with intuitive controls and a user-friendly interface.
The thermostats use advanced algorithms to learn your preferences and automatically adjust the temperature for maximum comfort and efficiency.
The sensors help the thermostats detect which rooms are occupied and adjust the temperature accordingly.
This helps you save energy by not heating or cooling empty rooms.
The company also offers a variety of services, including energy monitoring, scheduling, and automation.
You can set up your thermostat to automatically adjust the temperature during certain times of the day, like when you’re away from home or asleep.
You can also monitor your energy use and set up alerts if your energy usage goes above a certain threshold.
Overall, Ecobee is a leader in the industry, offering innovative products that make it easier to save energy and money.
Their products are designed to make your life easier and help you save money in the long run.
What Does Ecobee Offer?
When it comes to smart thermostats, Ecobee is a leader in the industry.
Founded in 2007, Ecobee was one of the first companies to develop the ability to remotely control a home’s heating and cooling system through a smartphone or computer.
The company’s products are designed to help homeowners maximize efficiency and comfort by automating the operation of their thermostat.
Ecobee thermostats come with a range of features that allow users to adjust their home’s temperature from anywhere, monitor energy usage, and even receive personalized temperature recommendations.
Ecobee’s flagship product, the Ecobee4, is a Wi-Fi-enabled thermostat with a built-in Alexa voice service.
This allows users to control their thermostat with simple voice commands, as well as access a variety of other features like weather forecasts and traffic updates.
The Ecobee4 is also compatible with Apple HomeKit, allowing users to control their thermostat with the Home app or Siri.
Ecobee also offers other smart home products, including the Ecobee Switch+, an in-wall light switch that comes with built-in Alexa voice service, and the Ecobee Room Sensors, which allow users to monitor and adjust the temperature in different rooms of their home.
In addition, Ecobee thermostats come with a range of energy-saving features, such as scheduled temperature settings and intelligent HVAC optimization.
Ecobee thermostats are now sold in more than 10,000 stores across the US, Canada, and Australia, making them one of the most widely available smart thermostats on the market.
With its range of features and competitive prices, Ecobee is an excellent choice for anyone looking to upgrade their home’s heating and cooling system.
Who Owns Ecobee?
Ecobee is a Canadian-based company that specializes in smart thermostat technology.
Founded in 2007, Ecobee was one of the first companies to develop the ability to remotely control a home’s heating and cooling system through a smartphone or computer.
Ecobee is now owned by Ingersoll Rand, a global diversified industrial company with more than 150 years of experience in climate control technologies.
Ingersoll Rand acquired Ecobee in 2017 and has since worked to further develop and refine the company’s product offerings.
Ingersoll Rand has been a leader in the climate control industry for decades and has a deep understanding of how to create innovative solutions that meet the needs of their customers.
With their acquisition of Ecobee, Ingersoll Rand has been able to take the company’s technology to the next level, giving customers the ability to control their thermostats from anywhere in the world.
In addition to their own expertise, Ingersoll Rand has also tapped into the knowledge and experience of the Ecobee team, allowing them to develop even more advanced products.
Today, Ecobee thermostats are sold in more than 10,000 stores across the US, Canada, and Australia.
These thermostats are designed to be easy to use, energy efficient, and customizable, giving customers complete control over their home’s climate.
With their advanced features, Ecobee thermostats can help homeowners save money on their energy bills and reduce their environmental impact.
So who owns Ecobee? The answer is Ingersoll Rand, a global industrial company with a long history of creating innovative products.
With their acquisition of Ecobee, Ingersoll Rand has been able to leverage their expertise and knowledge to develop even more advanced products for their customers.
Ecobee thermostats are now available in over 10,000 stores across the US, Canada, and Australia, giving homeowners the ability to control their home’s climate without having to leave the comfort of their own home.
What Benefits Does Ingersoll Rand Gain from Owning Ecobee?
Ingersoll Rand’s acquisition of Ecobee brought many benefits to the global diversified industrial company.
First, it allowed Ingersoll Rand to enter the smart thermostat technology market, as Ecobee was one of the first companies to develop the ability to control a home’s heating and cooling system remotely.
By owning Ecobee, Ingersoll Rand has been able to further develop and refine the company’s product offerings, as well as expand its presence in the market.
In addition to entering the smart thermostat technology market, Ingersoll Rand has also gained access to Ecobee’s extensive network of stores, which span across the US, Canada, and Australia.
This means that Ingersoll Rand now has access to a larger customer base, and can promote its products more easily.
Moreover, owning Ecobee allows Ingersoll Rand to tap into its customer base and gain valuable insights into the preferences of its customers.
This information is invaluable for Ingersoll Rand as it can use this data to develop products that customers want, as well as improve existing products.
Furthermore, Ingersoll Rand has also been able to use Ecobee’s technology to develop new products for its climate control portfolio.
This includes the Ecobee4, which is a state-of-the-art smart thermostat that features Alexa Voice Service and a room sensor to measure temperature and occupancy.
By using Ecobee’s technology, Ingersoll Rand has been able to offer customers a more advanced and comprehensive product.
Overall, Ingersoll Rand’s acquisition of Ecobee has been very beneficial for both parties.
Ingersoll Rand has been able to gain access to the smart thermostat technology market, as well as gain access to a larger customer base.
Additionally, Ingersoll Rand has been able to use Ecobee’s technology to develop new products for its climate control portfolio.
As a result, Ingersoll Rand’s acquisition of Ecobee has been a great success and has allowed the company to expand its presence in the market.
How Has Ecobee Changed Since Being Acquired by Ingersoll Rand?
Since being acquired by Ingersoll Rand in 2017, Ecobee has seen several changes.
Ingersoll Rand has invested heavily in Ecobee, allowing the company to expand its product offerings and reach a wider audience.
One of the most significant changes is that Ecobee thermostats are now sold in more than 10,000 stores across the US, Canada, and Australia.
This increase in availability has resulted in a higher demand for Ecobee products, making it one of the most popular smart thermostat brands in the industry.
In addition, Ingersoll Rand has provided Ecobee with the resources and expertise necessary to develop new and improved product features.
For instance, Ecobee has recently released products that offer enhanced energy efficiency, voice control, and advanced sensors.
As a result, Ecobee thermostats are now more capable of helping homeowners save money on energy costs and maintain a comfortable home environment.
It is clear that Ingersoll Rands acquisition of Ecobee has had a positive impact on the company and its products.
In addition to expanding the availability of Ecobee products, Ingersoll Rand has provided the company with the resources to create innovative new features that have allowed Ecobee to stay ahead of the competition.
Where Is Ecobee Available?
Ecobee thermostats are available in over 10,000 stores across the US, Canada, and Australia.
Consumers can purchase Ecobee devices from major retailers including Lowes, Amazon, Best Buy, Home Depot, and Walmart.
Additionally, Ecobee thermostats can be purchased directly from the companys website.
Ecobee thermostats come with a variety of features and can be accessed through the Ecobee app, Google Home, and Amazon Alexa devices.
This makes it easy to control the temperature of a home from a smartphone or tablet.
The app also allows users to set schedules, monitor energy usage, and receive notifications when its time to change the air filter or when the temperature is outside of the desired range.
Ecobee thermostats are also compatible with various home automation systems such as Apple HomeKit, Nest, Samsung SmartThings, and Wink.
This makes it easy for users to integrate their devices with other home automation systems, allowing for a more seamless and efficient experience.
In addition to its thermostats, Ecobee also offers a variety of other products such as smart light switches and sensors.
These products allow users to control various aspects of their home, such as lighting and ventilation.
Ecobee also offers a range of accessories, including wall plates, climate sensors, and air purifiers.
Overall, Ecobee is a trusted brand in the home automation industry and their products are available in a variety of stores throughout the US, Canada, and Australia.
With their wide range of products and features, Ecobee makes it easy for users to control the temperature in their home.
Final Thoughts
Now that you know who owns Ecobee thermostats, you can see the power of the partnership between Ingersoll Rand and Ecobee.
Ingersoll Rand has been able to leverage its experience in climate control to make Ecobee’s products even more reliable and user-friendly, while Ecobee’s innovative technology has allowed Ingersoll Rand to expand its reach further than ever before.
With more than 10,000 stores across the US, Canada, and Australia, Ecobee thermostats are now making it easier than ever for people to adjust the temperature of their homes from anywhere.
Now that you know the story behind Ecobee, why not check out some of their products and see how they can make your life easier?