The Inside Story of Their Strategic (and Profitable) Acquisition
Wednesday, November 8, 2017
5:00 to 7:30 p.m.
The next MIT Enterprise Forum will feature a case study designed for entrepreneurs, scale-up companies, and anyone else who is looking to create a profitable exit strategy.
We are going to learn about how the founder of one of Connecticut’s leading tech companies built a successful business from the ground up–and set it up for a lucrative acquisition.
- 5:00 pm – 5:30 pm: Reception and networking
- 5:30 pm – 7:00 pm: Panel discussion
- 7:00 pm – 7:30 pm: Networking
Chris Allen, Founder & President, iDevices
Connecticut’s own iDevices is the preeminent brand and development partner in the Internet of Things (IoT) space. In 2009, Chris Allen, the company’s founder and president, invented the iGrill, the first app-enabled product that had its debut in Apple stores in November 2010. This product launch was at the start of the IoT era, and Chris continued to develop iDevices into the leader in this market. In 2016, Weber-Stephens Products LLC acquired iGrill, allowing iDevices to focus even more heavily on the connected Smart Home space. In April of 2017, Hubbell Incorporated acquired iDevices, solidifying their place in the forefront of the home automation market and bringing a vastly larger audience to their product lines. Today, Chris works with his team to strategically plan the company’s product and partnership roadmap, manage strategic relationships, and Business Development.
Prior to iDevices, Chris comes from an investment background having worked for over 15 years for A.G. Edwards & Sons (now Wells Fargo Investments), Prudential Financial and Allstate.
Alen Mendelson, General Partner, Axiom Ventures Partners
Alan is the Founder and General Partner of Axiom Venture Partners, which invests in both information technology and life sciences. He also serves as General Partner of the Connecticut Israel Opportunity Fund, and he has been involved in technology policy and development in Connecticut for more than 20 years. He was the Finance Committee Vice Chairman of the state’s first High Technology Task Force in 1984, where he created the Connecticut Seed Ventures and two Centers of Excellence. He has also been on the Advisory Board of Connecticut Innovations since 1989 and is currently on the Board of the Connecticut Technology Council and the MIT Enterprise Forum. In his industry roles for the State, he has received the Distinguished Service Award from the Connecticut Venture Group, where he served as president.
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