Texas-based LifeStyle Innovations Inc. said Monday it has signed a definitive agreement to purchase all of the outstanding shares of Draper-based FutureSmart Systems Inc.
Terms were not disclosed.
FutureSmart offers home technology products involving structured wiring and home networking.
LifeStyle Innovations, a home entertainment and technology company, said its revenue for 2002 totaled about $5 million and is expected to increase to $7 million this year. It recently announced plans to acquire Denver-based home technology integrator Homesync Inc.