ecobee
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
ecobee was a Toronto smart-home company founded in 2007 by Stuart Lombard and a pioneer of the smart thermostat market. Its ENERGY STAR-certified thermostats and room sensors intelligently optimized home heating and cooling to deliver significant energy savings, and the lineup later expanded to home monitoring products and a voice-controlled security camera. At its peak it had over 500 employees globally and devices in more than two million North American homes, whose customers saved over 20 TWh of energy.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Stuart Lombard founded ecobee in Toronto, Canada, to make smart thermostats that balance comfort with energy conservation.
- Acquired by Generac
Generac Holdings announced the acquisition of ecobee in a deal valued at up to $770 million ($200 million cash plus $450 million in Generac stock at closing); the transaction closed in December 2021 and ecobee continued operating as a Generac subsidiary.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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