Residential and commercial technology providers SAVI Controls of Carrollton, Texas, and OliverIQ of South Jordan have announced a merger. The newly formed company will operate as SAVI iQ and plans to deliver the first AI-driven, cloud-based automation and support platform for the commercial and residential markets, according to a release from OliverIQ.
SAVI Controls services the commercial audio-visual market with a simplified, easy-to-program solution while OliverIQ has developed an AI-powered smart-home-as-a-service (ShaaS) platform engineered for service providers.
Terms of the merger were not disclosed. SAVI iQ will maintain offices in Texas and South Jordan.
The newly unified company plans to bolster its product line with AI-powered cloud services for “resimercial” and commercial projects, from bars, restaurants and casinos to sports stadiums, according to the joint statement. This gives Internet service providers and security companies the ability to now extend services beyond residential subscribers to commercial customers, according to the announcement. Partners of the new company will be able to market SAVI iQ products under their own brands.
“We are thrilled to join forces with SAVI Controls,” said Will West, co-founder of OliverIQ and CEO of the newly formed SAVI iQ. “For years, thousands of dealers have built successful businesses by catering to a high-end niche. SAVI iQ changes that by making intelligent automation and support accessible to a much wider market — helping homeowners embrace automation affordably while also empowering businesses to operate more efficiently.”
“Our platform leverages AI and intuitive voice controls, enabling partners to scale their businesses and unlock recurring revenue opportunities,” said John Dorsey, president of SAVI iQ. “For decades, commercial AV systems have been prohibitively expensive and overly complex. We’re changing that by offering advanced, accessible solutions alongside a recurring revenue model that transforms profitability.”