More details have emerged after Ring, a California manufacturer of smart doorbells, hired all of Zonoff’s 75 employees shortly after the Malvern home-automation developer was forced to close its doors in the wake of a failed acquisition deal, writes Julie Jacobson for CE Pro.

The hiring took place three days after a last-minute withdrawal by Honeywell, which was aiming to acquire the “Smart Home as a Service” provider. According to the company’s former CEO, Mike Harris, Zonoff suddenly imploded, and Ring stepped in to offer a welcome lifeline to employees.

Ring founder Jamie Siminoff and Harris are industry friends. They got to work quickly, finding offices close to Zonoff’s Malvern headquarters to keep the company’s entire team together.

“He really moved incredibly fast,” said Harris. “We went from a face-to-face meeting to everybody on the team being offered a position within 36 hours.”

Harris is now president of Ring’s new division, called Ring Solutions, while everyone from the newly hired Zonoff team will keep their original roles.

“We get to hire some amazing people,” said Siminoff. “We’re super-excited to work with a team of people we respect.”

Read more about the deal in CE Pro here, and check out previous VISTA Today coverage of Zonoff here.