SALT LAKE CITY--(BUSINESS WIRE)--Control4 Corporation (NASDAQ: CTRL), a leading global provider of smart home solutions, today announced a new agreement with GreenSky®, one of the fastest growing financial technology companies in the country, to offer end-user financing to its U.S. dealer network of over 2700 businesses.
Control4 independent dealers may choose to engage the GreenSky program to offer new financing options directly to their customers for the purchase, installation and integration of Control4 and 3rd party products. The GreenSky program enables the customer to quickly and easily apply for a number of competitive financing plans which may include no interest, reduced APR, and same-as-cash options.
“Control4 is providing more business tools to our dealer network so they can grow their business and service our shared end-customers better,” said Mark Novakovich, Control4 CFO. “On average, Control4 customers have over 40 connected devices in their smart home, and with support for over 9,500 3rd party products, consumers have a lot of choice in the products they bring into their smart home. Now with these financing options, they also have more choice in how they finance their smart home products and installation.”
As smart home technology has increasingly become a part of the infrastructure of a home, Control4 Dealers have frequently requested consumer financing options similar to those available for home improvement and new home construction projects. CFO Mark Novakovich believes these financing options will aide in shortening the sales cycle for smart home projects by offering payment options that align with customer financing preferences. Beginning January 2016, dealers that sign-up with the GreenSky program will be able to provide their customer-base with financing solutions for Control4 products, partner products offered in the Control4 Online Store, other 3rd party products offered by the dealer, and installation costs associated with their smart home upgrades.
Visit Control4.com to learn more about all of the possibilities using smart home solutions, and to locate an authorized Control4 dealer near you.
Control4 [NASDAQ: CTRL] is a leading provider of automation systems for homes and businesses, offering personalized control of lighting, music, video, temperature, security, communications and similar functionalities into a unified home automation solution that enhances the daily lives of its customers. Control4 unlocks the potential of connected devices, making entertainment systems easier to use, homes more comfortable and energy efficient, and families more secure. More than 75% of Control4’s consumers have integrated two or more functionalities with Control4’s solution, which is available through more than 3,400 custom integrators, retail outlets, and distributors in over 90 countries. By delivering insightfully simple control solutions that enhance the lives of individuals and families, Control4 is the automation platform of choice for consumers, major consumer electronics companies, hotels, and businesses around the world.
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding Control4’s possible future products and financial outlook. All statements other than statements of historical fact contained in this press release are forward-looking statements. These forward-looking statements are made as of the date they were first issued, and were based on the then-current expectations, estimates, forecasts, and projections, as well as the beliefs and assumptions of management. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Control4’s control. Control4’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Control4’s most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission, as well as other documents that may be filed by the company from time to time with the Securities and Exchange Commission. Past performance is not necessarily indicative of future results. The forward-looking statements included in this press release represent Control4’s views as of the date of this press release. The company anticipates that subsequent events and developments may cause its views to change. Control4 has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. These forward-looking statements should not be relied upon as representing Control4’s views as of any date subsequent to the date of this press release.
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