Ring at Home is a pure-play SaaS cloud solution providing low cost digital, subscription-based services keeping family members connected & informed with their elderly loved one's well-being.
Ring at Home is a pure-play SaaS cloud solution providing low cost digital, subscription-based service that connects and informs families and friends about the well-being of their elderly loved one living alone.
Assistance & monitoring of critical care issues
Advanced Digital Technology
Affordable and Easy to Use @ $10/mo.
B2B and White Label Business model
Successful Beta launch of our service. Beta customers love the service. Most popular comment was how wonderful the user interface is.September, 2019
Ring at Home, Inc. foundedDecember, 2017
Ring at home provides a monthly subscription plan that generates recurring revenue similar to Netflix. Our list ranges between $9.95 and $14.95 per month. We also offer B2B white label pricing where businesses can resell our service. They will be provided volume discount pricing.
Senior services is a huge opportunity, with no market makers. An AARP 2019 50+ survey notes annual expenditures on technology as 639M & estimated to be $84B by 2030. There are two types of competitors. Point solutions like Apple Watch (fall detection), Alexa, Fitbit & others which are more partners than competitors & will be integrated into our service. The are several small competitive notification services offering limited, expensive service. Great Call is the largest, was acquired by Best Buy for $850M, is based on analog tech, requires hardware purchases, is significantly more expensive than R@H & has a learning curve for the elder consumer. The 2019 Link-age Connect Tech Survey says, ”(seniors) who do not own the (smart) devices are largely not interested in learning about them or spending money on them either. ...the key points in “selling” to this demographic are frugality, practicality and simplicity." R@H keeps it simple, affordable & uses existing hardware. We target the long tail of the market.
Our service has been designed for both B2B and B2C opportunities. We don't sell directly to a the senior, instead, we market to family members and organizations that support seniors. We are in discussions with a number of businesses, who see Ring at Home as a complementary product to their Senior services. We are also under discussions with organizations that will refer their base to us for a referral fee. Lastly we will directly market to families through DRTV platforms such as QVC, as well as, TV commercials, telemarketing & online ads.
Seniors who live alone are always at a higher risk of injury or illness and may not have the ability to call to obtain help when needed. For those who live alone while aging in place, it could take hours or even days before anyone is made aware of an emergency. Ring at Home provides a predictable and consistent means of keeping families connected, informed and assured of their loved ones well-being each and every day. Our system is proactive and preventative helping families maintain care and connection at an affordable price. We give families and seniors the peace-of-mind they're seeking while living independently.
Seniors aging in place want to know that someone is looking out for them and that assistance will be there in the event of an illness or emergency. There are many seniors who live alone with no one nearby to check-in on them. Seniors love the friendly reminders and communication with their family and friends. Police Departments and Senior Living Facilities now have a low cost way to make sure their Seniors are safe. Lastly family members have comfort knowing that they don't have to wait until it may be too late to know how their loved one is doing each day.
R@H is a high growth, pure play Internet SaaS (Software as a Service) company that doesn't have the cost of facilities, inventory, personnel & logistics that traditional companies have. SaaS companies on average have outperformed the broader market by a massive margin. Most high-growth SaaS businesses (public and private) are valued on a multiple of forward revenue with enterprise value over NTM (next-twelve-months) as a primary metric. The all-time average has been ~8x but more recently the weighted NTM revenue multiple for all high-growth SaaS companies is ~15x, which has been propelled by recent IPOs like Zoom (ZM), CrowdStrike (CRWD), and Slack (WORK) which are trading at high NTM revenue multiples — ZM at 41x, CRWD at 34x and WORK at 28x (as of 9-July-2019).
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The product is still in development. We are currently in the development phase for the customer-ready product. Delays or costs overruns in the development of our product and failure of the product to meet our technical requirements may be caused by, among other things, unanticipated technological challenges.
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