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.”

Click here to read the complete article.
Originally published January 8, 2018.

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