Latch, Inc., maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, has entered into a definitive agreement to acquire Honest Day’s Work (HDW), Ring Founder Jamie Siminoff’s latest company dedicated to enabling residential service providers, such as housekeepers, dog walkers and drivers, to operate more efficiently, profitably and independently.
According to the companies, the acquisition will integrate the two organization’s teams, resources and know-how to advance Latch’s mission of making spaces better places to live, work and visit, while further advancing HDW’s capabilities. Siminoff is expected to take over as Latch’s CEO later this year and the combined company plans to remain focused in the near term on optimizing efficiency and ensuring continued excellence for customers.
“We are pleased to join forces with Jamie and his team as we continue on our current path of driving operational performance and sustainable growth,” said Jason Keyes, Latch Interim CEO.
“I am confident Jamie’s passion for leading mission-driven technology companies, his operational expertise and his track record for creating industry-dominating products will be invaluable as we enter our next phase. I am excited about the opportunity to further improve our customer experience via the integration of HDW services into LatchOS.”
Siminoff created Ring, a whole-home security company that was acquired by Amazon in 2018. Since then, he has been investing in residential, multi-family real estate and more recently, started building HDW.
“I’m excited to join the team, which has built an incredible offering that users across the country enjoy and benefit from every day,” said Siminoff. “Smart, secure access control is not only fundamental to real estate operators like myself, but also to residents and service providers. I look forward to combining HDW with Latch to build a residential ecosystem that empowers building owners, operators, service providers and residents alike.”
“We are excited to welcome Jamie and the HDW team,” said Andrew Sugrue of the Latch Board of Directors. “Latch has gone through many changes over the last year and we are pleased to have Jamie joining us to guide the company to long-term success and growth. We believe that Jamie’s experience leading successful ventures and his strong leadership will be of huge value.”