Predict your next investment

Corporation
ultimateautomation.com

See what CB Insights has to offer

About Ultimate Automation

Ultimate Automation provides commercial audio-video, automation, and IT services.

Ultimate Automation Headquarter Location

8594 E 116th St.

Fishers, Indiana, 466038,

United States

317-214-8710

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Ultimate Automation News

Fishers technology services company acquires Carmel-based competitor

Oct 3, 2018

October 3, 2018 Fishers-based Ultimate Home Automation on Wednesday announced it has acquired Carmel-based Electronic Evolutions Inc. The merger was announced Wednesday morning at Ultimate Home Automation's storefront at the Depot at Nickel Plate, 8594 E. 116th St., in Fishers. The combined companies has already changed its name to Ultimate Technologies Group Inc., with Ultimate Automation founder Will O’Brien and his wife, Tiffany, taking the helm. Financial terms of the deal were not disclosed. O’Brien launched Ultimate Home Automation, a commercial audio-visual, automation and information technology systems provider, in early 2017 at Launch Fishers. Last year, the company moved to its own office space. In an incentive deal with the Indiana Economic Development Corp. reached in April, Ultimate Home Automation agreed to spend $1 million and add 31 fulltime jobs by the end of 2021. The IEDC offered Ultimate Automation up to $325,000 in conditional tax credits and up to $50,000 in training grants based on the job-creation plans. The company had five employees when it made the incentive deal. After acquiring Electronic Evolutions, Ultimate Automation, now known as Ultimate Technologies Group, has grown to 29 employees, O’Brien told IBJ. Before the acquisition, Electronic Evolutions had 20 employees and Ultimate Automation had 12. Company leaders met with every employee to evaluate what positions they would be best for before eliminating three employees, O'Brien said. Electronic Evolutions was founded as Escient Solutions in September 1985 as a residential home theater company. One of its early owners was Indianapolis entrepreneur and voice mail inventor Scott Jones. Longtime banking executive Mike Alley acquired the company in 2003 and changed the name to Electronic Evolutions,. Daniel and Julie Knotts acquired and restructured the company in 2006 to focus solely on corporate and commercial enterprise technology clients. Customers include Roche, Amazon and Cummins. When Ultimate Automation began operating in 2017, the two were local competitors, O’Brien told IBJ. In April, he reached out to Knotts to see whether he would consider selling the business. It turned out Knotts was already considering retirement, O’Brien said, and the two were able to strike a deal in which Ultimate Automation was able to add employees and customers. The new company will be headquartered in Ultimate Automation’s Fishers space but will also utilize space at the Indiana Internet of Things Lab in Fishers. About half of its 29 employees will work out of the lab. Eventually, O’Brien would like to see the company expand beyond Fishers. “The sky is the limit; we’re growing at a rate of about 50 percent a year,” he told IBJ. “We don’t see any end in sight. We’ll always be hiring.” During an event Wednesday morning where the acquisition was announced, Fishers Mayor Scott Fadness said Ultimate Automation is the poster child of what an entrepreneurial city should look like. “You took an idea and brought it to fruition, and now, almost 30 people have a livelihood,” Fadness said. “That’s extraordinary.” ADVERTISEMENT

Ultimate Automation Acquisitions

1 Acquisition

Ultimate Automation acquired 1 company. Their latest acquisition was Electronic Evolutions on October 03, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/3/2018

Acquired

1

Date

10/3/2018

Investment Stage

Companies

Valuation

Total Funding

Note

Acquired

Sources

1

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.