Further accelerating its commitment to serve integrators as a leading source for everything they need to design, install, and support custom solutions for their customers, SnapAV has announced an investment in Parasol, a provider of 24/7 remote support solutions that enhance integrator productivity and service levels. The amount of the investment was not disclosed.
The investment complements SnapAV’s recent acquisition of Access Networks and its advanced, enterprise-grade, plug-and-play networking solutions. The Parasol investment also provides further momentum for SnapAV’s long-term strategy to help its integrators succeed with accelerated growth, according to the company.
Parasol was launched in January 2018 by a group of three CE Pro 100 integrators: Ted Bremekamp, who spent years at ETC in Palm Beach, Fla., Henry Clifford of Livewire in Richmond, Va., and Greg Simmons of Eagle Sentry in Las Vegas. Simmons has subsequently joined SnapAV.
Using SnapAV’s Ovrc platform, Parasol provices affordable remote management of systems that offer integrators the ability to remotely monitor and manage their installations, while at the same time earning recurring monthly revenue (RMR) for their services.
“SnapAV is doubling down to support our Partners in delivering amazing end customer experiences over the lifecycle of a project,” says John Heyman, SnapAV’s CEO. “As SnapAV and our integrator Partners continue to grow, we expect that Parasol will be instrumental in helping our Partners deliver exceptional post-installation support to their customers. We view this as an investment in the ongoing success of our Partners.”
“We’re grateful for the strategic partnership with SnapAV and couldn’t be happier with the deepened relationship,” says Ted Bremekamp, Parasol co-founder. “We’re sending a strong message that Parasol is here to stay and is backed by one of the leaders in the industry.”
Why Parasol Complements
SnapAV’s Access Networks Acquisition
According to Heyman, the investment in Parasol and the acquisition of Access Networks comes at a time when the market demand for robust and reliable residential and commercial technology solutions is growing at an accelerated clip.
“Our goal is simple,” he emphasizes. “We intend to be the one company that invests in our Partners’ success like no other. We want to continue striving to deliver the best in class integrated solutions to the industry.”
The investment enables Parasol to continue scaling its offering to meet integrator demand for enhanced end customer service levels. SnapAV’s OvrC platform will continue to enable third-party compatibility across thousands of devices and multiple control systems.