The pair are now on the cusp of a multimillion dollar opportunity - and also open to capital, and experienced advice to help them get there. So NBR Rich Listers, read closely.
Out story starts with NBR subscriber Jason Mackie.
Jason cofounded Security Supplies Ltd. in 1996, which was partly acquired by Detection Systems Inc., a Nasdaq-listed American company, which was in turn fully acquired by German multinational Bosch in 2001.
Mr Mackie was appointed general manager Bosch Security NZ and director of Bosch NZ through to when he acquired the company back off Bosch in 2010. It's now known as Connect Security Products Ltd (CSP). CSP, and is sole importer and distributor for Bosch Access, Fire, and Intrusion products into New Zealand.
Things started to go south when competitors to Bosch released a touch screen control interface
Because of Bosch's initial reluctance to develop a touchscreen controller, and its business model preventing development and advancement of such technology in a timeframe acceptable to the market as Mackie tells it, this has "a significant reduction of marketshare in New Zealand, and of late Australia".
The German company thought touchscreen controls would not take off internationally. Jason thought from his first-hand experience that it would. He discussed the problem with his 23-year old son Liam (who has worked for Vodafone and DPS, and whose team recently placed third in the Enterprise Angel's Tauranga Startup Weekend competition). Liam came up with a concept of product, that he developed further with his friends Tim Tiang, and Jon Ngo into 'TouchOne'. A company called 8 Ltd(with Jason and Liam as shareholders) was formed to commercialise the technology.
The product developed by Liam and co features the kind of touchscreen interface people have become accustomed too in the age of smartphones and iPads.
That's a no-brainer. But TouchOne's technology also allows control of many devices to be centralised over the internet, and support an ecosystem of third-party software apps. The ability to connection, control, and monitor a security device via a smartphone will be added in 2015. As will remote firmware upgrades.