Latch Announces New Simplified Subscription Bundles
May 24 2023 - 9:00AM
Business Wire
With three tiers starting at $3 per space per
month, Latch’s new packages create a simplified offering for users
large to small.
Latch, Inc. (NASDAQ: LTCH), maker of LatchOS, the full-building
enterprise software-as-a-service (SaaS) platform, today announced a
new, simplified pricing structure to enable a variety of building
owners to select the best option for partnering with Latch to meet
the needs of their tenants and building operators.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230524005482/en/
Latch announced a new, simplified pricing
structure to enable a variety of building owners to select the best
option for partnering with Latch to meet the needs of their tenants
and building operators. (Photo: Business Wire)
The new bundles include three tiers based on property type and
service level, starting with an entry-level offering that enables
common area-only access for an enhanced tenant experience, all the
way to an enterprise bundle providing a full-building solution. New
a la carte options are also available for property owners looking
to customize or create a bespoke experience based on their
priorities and preferred resident experience.
“I’m excited by Latch's announcement of these new, simplified
bundles that should make it easier for customers to deliver the
best resident experience by being a Latch-enabled property,” said
Jamie Siminoff, Latch’s incoming CEO. “Latch's mission is to make
spaces better places to live, work, and visit. Simplifying pricing
and decreasing the friction for buildings to convert to Latch
spaces further aligns the company with this mission. Today's
announcement is part of the innovative offerings our customers
should expect to see as I prepare to take over as Latch’s CEO later
this year.”
New Latch Bundles
- Base ($3.00 per space per month): An affordable
base-building and common area smart access solution with basic
property management capabilities.
- Complete ($7.50 per space per month): A full-building
smart access and property management solution with robust data,
insights, and analytics.
- Enterprise ($12.50 per space per month): The complete
full-building Latch ecosystem solution with integrations, SDKs, and
premium success and support.
To learn more about Latch’s new bundles and to partner with
Latch, visit www.latch.com/bundles or email incoming CEO Jamie
Siminoff directly at j@latch.com.
About Latch, Inc.
Latch makes spaces better places to live, work, and visit
through a system of software, devices, and services. For more
information, please visit www.latch.com.
FORWARD-LOOKING STATEMENTS
This release contains certain forward-looking statements within
the meaning of the federal securities laws with respect to Latch
and/or Honest Day’s Work, which is expected to merge with Latch in
the third quarter of 2023 (the “Merger”). These forward-looking
statements generally are identified by the words "believe,"
"project," "expect," "anticipate," "estimate," "intend,"
"strategy," "future," "opportunity," "plan," "may," "should,"
"would," "will continue," "will likely result," and similar
expressions. Forward-looking statements are predictions,
projections, and other statements about future events that are
based on current expectations and assumptions and, as a result, are
subject to risks and uncertainties. Forward-looking information
includes, but is not limited to, statements regarding: Latch’s and
Honest Day’s Work’s future products, pricing, financial
performance, strategies, and operations, and the related benefits
to stockholders, customers, and residents; expected growth of
demand for Latch’s and Honest Day’s Work’s future products and
their adoption by customers; Latch and Honest Day’s Work industry
positions; the ability of Latch to successfully integrate Honest
Day’s Work post-acquisition and realize the benefits of such
acquisition, including the expected performance of the combined
company’s management team; and the transition in Latch’s CEO
position. Many factors could cause actual future events to differ
materially from the forward-looking statements in this document,
including: (i) whether the Merger is completed in a timely manner
or at all; (ii) the risk that the Merger may involve unexpected
costs or liabilities; (iii) the effect of the announcement or
completion of the Merger on Latch’s and Honest Day’s Work’s
operations and relationships with customers, suppliers, and
personnel; (iv) the outcome of legal proceedings, if any, related
to the Merger; (v) Latch’s ability to implement business plans;
(vi) changes and developments in the industry in which Latch
competes; (vii) Latch’s ability to regain and maintain compliance
with the listing standards of The Nasdaq Stock Market LLC, and the
impact of the Merger thereon; and (viii) Latch’s ability to timely
complete the ongoing restatement of its consolidated financial
statements for 2019, 2020, 2021, and the first quarter of 2022, and
the impact of the Merger thereon. The foregoing list of factors is
not exhaustive. You should carefully consider the foregoing factors
and the other risks and uncertainties described in the "Risk
Factors" section of our Annual Report on Form 10-K filed with the
SEC on March 1, 2022, and other documents subsequently filed by
Latch from time to time with the Securities and Exchange Commission
(the “SEC”). These filings identify and address other important
risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and Latch assumes no obligation to
update or revise these forward-looking statements, whether as a
result of new information, future events, or otherwise, except as
required by law, including the securities laws of the United States
and the rules and regulations of the SEC. Latch does not give any
assurance that it will achieve its expectations.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230524005482/en/
Investors: investors@latch.com
Latch PR: press@latch.com
Latch (NASDAQ:LTCH)
Historical Stock Chart
From Jun 2024 to Jul 2024
Latch (NASDAQ:LTCH)
Historical Stock Chart
From Jul 2023 to Jul 2024