Ring acquires Mr. Beams LED maker Wireless Environment

Story excerpt provided by Crain’s Cleveland Business.
Written by Chuck Soder.

Ring has acquired local LED maker Wireless Environment, a deal that generated “a big return” for JumpStart Inc. and the individuals who invested in the company, according to co-founder David Levine.

The Mayfield Village-based company — which makes the Mr. Beams line of LED products — is now an independent unit within Ring, a California company that sells internet-connected home security products, including a doorbell that can send audio and video to your smartphone.

The companies aren’t revealing the size of the deal, but Levine noted that his investors did “really well.”

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Originally published January 8, 2018.