The New York company built a multibillion-dollar business by finding the first credible signal in a very noisy world. Its product is not information. It is the head start before everyone else has it.
Honeywell spun it off in 2018 as an afterthought. Six years and three acquisitions later, Resideo is a $6.76 billion home-safety business splitting itself in two - and betting the boring stuff on your wall is worth more apart than together.