Home-security technology company SimpliSafe Inc. is working with deal adviser Qatalyst Partners to help evaluate an acquisition offer, according to people familiar with the matter.
SimpliSafe’s management is weighing the bid and no decision has been made, said the people, who asked not to be identified because the matter is private. The identity of the suitor couldn’t immediately be learned.
Representatives for SimpliSafe and San Francisco-based Qatalyst didn’t respond to requests for comment.
SimpliSafe sells security technology including motion sensors, panic buttons, video security and smoke detectors. Customers can use their smartphones to operate and check on the areas being monitored. Sequoia Capital invested in the Cambridge, Mass.-based company in 2014, according to the firm’s website.