We have written a few articles in recent months about the recent Amazon takeover of Ring and their intention to meld it into their Amazon Key Network of Smart Home products.
The Ring product has seen stellar sales in recent years, after failing to score a deal on the very popular television show, Shark Tank.
I find it especially interesting that this recent acquisition by Amazon arrives on the heels of a patent infringement lawsuit by Skybell, who maintain that they are the original patent holders of the technology (see our article).
According to an article on Cnet (see article), the Amazon acquisition of Ring was finalized in February. The article reports that Limp ( a Seattle based company) and Siminoff (from Ring's California head office), took the opportunity to discuss some more details about the acquisition after the deal closed. The article alleges (unconfirmed) that Amazon paid about $1 Billion to acquire Ring.
Another article appearing in The Guardian (UK), also confirms the deal details and also indicates (like Cnet) that Amazon will continue to let Ring trade in it's own right (like Bezos does with the Washington Post), but that as a result of the Amazon takeover, Ring drops its price for it's award winning product to US$100 from US$150 and £89 from £159.
It is no secret that we are not impressed with this offering. With the amount of customer data issues, across the news today and Amazon being one of the largest acquirer of customer buying/purchasing data, combined with the attempts to infiltrate the residential and commercial physical and electronic security markets with sub-par quality products, we feel that allowing companies like these to enjoy unfettered access to your private dwellings, even outside of regular business hours is opening you and your family up to increased security issues.
I would expect insurance companies to jump on these changes and no doubt increase insurance premiums because you allow more access to your properties than normal.
As a concerned security products installer and locksmith services provider, I feel it is my responsibility to inform you of the shortcomings and security issues surrounding the use of services like Amazon Key might bring.
Far be it from me to tell you what to do and whom you choose to give access to your doors, but I will continue to refuse to open myself and my family up to the possibility of unauthorized and uncontrollable entry to our home and properties.
What will you do?
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