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Verizon Discontinues Home Automation Service After 2 Years
An anonymous reader writes "Verizon has discontinued its Home Monitoring and Control solution, a $10/month service for do-it-yourselfers that enables remote monitoring and control of security, lighting, thermostats and more. The author notes Verizon 'was attempting to become the first successful provider of a DIY security/automation system that had a monthly fee separate from a professionally monitored security system. ... Providers could (and do) charge premiums of $10 or more for automation and self-monitored security as an attachment to professional monitoring, but not as a standalone service.'"
You know its funny, these guys once in a while get to a market too early, then because revenue is too weak, decide it isn't promising enough to invest in. Players enter the market (Nest, Google, etc) and it slowly starts to pick up steam. MBA's higher up decide it's been "long enough" so divest themselves of the endeavor. Mark my words, within the next 36 months there will be an explosion in that marketspace, some Verizon executive is going to scream "why didn't we see this" and then they will take 2 years reentering the market they tried to start.
This is why I laugh at large corporation "innovation".
Yeah, my dog gets pretty crazy after 40 ounces of malt liquor too.