Consumers are expecting a future in which home automation plays a huge part- and the most important parts of that are ease of use and convenience.
Private equity firm KKR has led an investment of $90 million in Savant Home Automation, acquiring about 35 percent of the company and valuing it at $215 million, the Wall Street Journal reported Tuesday night.
Barnes and Noble has just picked up a new overall CEO. Or at least a new-old one. Digital Book World and Publishers Weekly report that B&N has moved Michael Huseby, former CEO of the Nook division, into the top CEO spot left by William Lynch who vacated in July.
William Lynch, chief executive of Barnes and Noble and architect of the company's digital strategy, resigned Monday, the company announced Monday.
Barnes and Noble's CEO said this week that Barnes & Noble will add near-field communication technology to the Nook, Fortune reported.
Barnes and Noble Monday announced that Michael P. Huseby has been named the company's new chief financial officer. Huseby will report to CEO William Lynch.