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LifeStyle Innovations to buy FutureSmart of Draper

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.