Hills has signed a deal with cloud-based security and home automation services company Alarm.com to bring its smart home services to resellers.
Hills has warned a $94 million write-down of goodwill and assets will see the company log a net loss of around $86 million for FY15.
Hills has further bolstered its network camera offerings, winning master distribution for IP surveillance company Vivotek.
Departure at the top for Hills as Ted Pretty steps down as CEO and managing director, following a 'refinement' of the distributor's strategy.
Hills faces financial turbulence amid widespread project delays and lower Gov spending, downgrading its second half earnings forecast.
Hills COO David Lenz will take over the CEO role from Grant Logan this week, as the distie moves from 'back to basics' to 'back to growth'.
Hills has seen its NPAT return to black in the second half of FY16 as the distributor continues to transform its business.
Hills has won the exclusive local distribution for a range of G8 Communications M2M wireless solutions, as the vendor begins its global rollout.
Hills has added BQT's smart card and reader solutions, biometric scanners and electronic locks to its portfolio for Australia and New Zealand.
Three years of transformation and restructure have not been 'a smooth process' for Hills, but it has been 'absolutely' the right strategic decision.
Hills says the loss of its key supplier has impacted its latest financial results and will continue to impact the company into its FY2016 results.
Hills has won exclusive distribution rights for video content analytics vendor Ipsotek across Australia and New Zealand.
Hills has taken out the Distributor of the Year award for Ruckus Wireless, after helping grow the vendor's Australian revenues by 30% year on year.
Hills NZ Limited expands its security operations with the acquisition of Intek Security Group Limited in New Zealand.
