Myfox joins Somfy Group to accelerate its European expansion
Toulouse, October 28th, 2016 - Myfox and Somfy are announcing today that Somfy group just acquired the entire share capital of Myfox from the founding family and a group of investors. Joining Somfy, Myfox wishes to strengthen its leadership and accelerate its European expansion in a rapidly growing security and video-surveillance market in Europe.
Founded in 2005 by Jean Prunet, Myfox has grown thanks to the support of the founding family and a group of investors including Jaïna Capital, Orkos and Cogepa.
Under the lead of Jean-Marc Prunet and the current managing team, Myfox will accelerate its development as an autonomous entity, keeping its agility and spin while benefiting from Somfy industrial and distribution power.
With an equipment rate between 10% and 20% in Europe, the home security market is already rapidly growing, but still has an important potential, especially in video-surveillance and professional security services.
Through a constant innovative approach, for 10 years, Myfox has reinvented Home Security to offer simpler, more efficient and affordable solutions.
Myfox offer covers the needs of all kind of home and consumers, allying innovative products that feature great user experience with on-demand professional security services, without commitment, and without equivalent on the market.
Jean Guillaume Despature, CEO at Somfy declares: “Somfy aims at leveraging connected home to strengthen its leadership in our core trade, home protection and comfort. Joining forces with Myfox is a key step toward that strategy and I am happy that we were able to do it with a company that share the same entrepreneurial values as ours.”
“From the beginning, we target to constantly think different and invent new solutions that make Home Security simple and affordable for everyone”, declares Jean-Marc Prunet, CEO at Myfox. “Myfox is a family story, initiated from the vision and the will of a born-entrepreneur, and developed by his sons to become a national leader. We are happy to join Somfy Group, a worldwide group with the same family dimension, that enable us to continue our innovation strategy and accelerate our development to become a European leader.”
Founded in 2005, Myfox in a French company that develops Smart Home Security Solutions.
Myfox invented the IntelliTAG™, the first one-piece opening sensor able to detect an intrusion from the very first vibrations of the break-in attempt, and sound the alarm before the door is actually open. The first generation has been developed in 2005 and is today installed on more than 250,000 doors and windows.
Pioneer in Smart Home, Myfox has launched in 2009 the first Smart and Connected Alarm in Europe, and developed a full product and services range, simple and accessible to everyone.
Myfox products have received more than 30 awards. Myfox Home Alarm won prestigious awards such as the CES Innovation Award in 2015. Myfox Security Camera has been declared “best connected camera” by “60 millions de consommateurs”.
Exclusive innovations from Myfox, and especially the IntelliTAG™, are protected by 7 international patents.
Counting 60 people and more than 1200 points of sale in Europe, Myfox is a market leader in France in Home Security, and protects houses and families in more than 90 countries.
Somfy Group is the global leader in opening and closing automation for both residential and commercial buildings.