Today the once awesome Quirky business that sourced new innovations and help get them to market and is also the parent company to Wink has filed for bankruptcy in a voluntary petition for Chapter 11.
As part of this bankruptcy filing, Quirky has entered into agreement to sell the Wink smart home platform to “ensure a strong backing for the business to continue our mission”, says Wink over on their website.
The Wink platform has been developed to provide users with a way to connected products from brands such as GE, Nest, Philips, Schlage and others. Wink explain more over on their website about the new agreement to make sure the platform survives and grows in the future :
Flextronics International USA Inc. has submitted a stalking horse bid, which sets the minimum amount at which Wink will be acquired. Additional parties have the opportunity to submit bids of their own, in which case the final acquisition amount will increase. If other bids are not accepted, Wink will likely be acquired by Flextronics. We are hopeful that the process will be complete in 60 days.
This does not impact the Wink experience for our users nor how Wink operates day-to-day. Our engineers and designers will continue to enhance our platform to provide new, meaningful ways for you to interact with your smart home. The Wink HUB and Wink Relay will continue to be available at The Home Depot and Amazon. Our customer support team will continue to provide the same quality assistance we pride ourselves on.
Source: WinkFiled Under: Technology News, Top News