ADT Caps, Home IoT Company GoQual Sign Business Agreement... "Maximizing Home Security Synergy"

Comprehensive Business Cooperation MOU Signed
CapsHome + HeyHome Partnership Synergy
Strengthening Competitiveness in the Home Security Market

[Asia Economy Reporter Kim Bo-kyung] ADT Caps is partnering with home Internet of Things (IoT) specialist GoQual to launch convenient and smart security services through the integration of various home IoT devices.

On the 9th, ADT Caps announced that on the 6th, the two companies signed a memorandum of understanding (MOU) for comprehensive business cooperation at GoQual’s headquarters located in Gasan-dong, Seoul.

The MOU signing ceremony was attended by ADT Caps executives including Lee Won-min, Head of MS Business Division; Kim Min-ho, Head of Smart Home Security Business Group; Park Byung-jin, Head of Product Planning Group; Kim Jun-hyung, Head of Smart Platform Planning Team; as well as GoQual’s CEO Woo Sang-beom, Kim Ji-min, Head of Business Development Team, and Lee Woo-ram, Head of PS Team, among other company officials.

This agreement was reached as the demand for smart home services has increased due to longer time spent at home amid the recent spread of COVID-19, aligning ADT Caps’ determination to lead the smart home security market with GoQual’s interests in growing into the nation’s largest home IoT company.

The two companies agreed to share accumulated technology and management information and to strengthen competitiveness in the home security market through differentiated services. In particular, ADT Caps’ smart home security service 'CapsHome' and GoQual’s home IoT platform 'Hej home' will collaborate to introduce safer and more convenient smart home services and products.

CapsHome is a product that supports various functions such as real-time video monitoring, loiterer detection and alerts, and two-way communication by linking an AI camera at the front door with a mobile app. It recognizes family members’ faces and notifies the app of front door access history. In emergencies, ADT Caps’ vehicles and personnel are dispatched immediately.

The two companies plan to maximize synergy by integrating and building advanced ICT-based systems each possesses. They will also work to enhance consumer experience opportunities by introducing various forms of partnerships and promotions in the future.

Lee Won-min, Head of MS Business Division at ADT Caps, said, "As time spent at home increases due to COVID-19 and other factors, the importance of home security is rising. We will continue technological innovation so that customers can enjoy a safer and smarter daily life through CapsHome and integration with various home IoT devices."

CEO Woo said, "Hej home has been providing service value based on IoT devices, and through this partnership with ADT Caps, we expect to offer the value of 'safety' more broadly. We will strive to create customer satisfaction value through technical cooperation linking the cloud-based software of both companies."

GoQual, a home IoT specialist company, has acquired about 250,000 users within two years of its launch through technology that links products such as curtains and lighting that realize smart homes to a cloud platform. Recently, it attracted investment from interior companies such as Hanssem and is expanding its scope with smart space consulting business.

This content was produced with the assistance of AI translation services.