I have no doubt Iris is going to follow a similar path. It pales in comparison to other home automation platforms, lacks innovation and is highly dependent on the Lowe’s retail channels to supply a large portion of its limited number of supported devices. It also has a small customer base. If Iris was truly profitable, I doubt Lowes would be divesting.
Personally, I believe Iris was doomed from the v2 private beta. It was so poorly run that customers were purchasing hubs in the stores while the devs and beta team were still struggling with hub and firmware updates just to get Lowe’s branded devices to connect. It was rushed to market so they could get it to consumers for Christmas. Lowe’s ability to manage and nurture the ecosystem has never improved.
Back at CES '15, Lowe’s built a mock home of the future. Their booth hyped a partnership with LG in which LG ThinQ appliances and TVs would be tightly integrated with Iris. They even demonstrated this integration with LG laundry appliances. The entire partnership turned out to be vaporware.
I think the real parallel here is Staples Home Connect. Staples searched for a buyer, Z-Wave Devices who took over supporting the platform. They finally pulled the plug this spring.
I just don’t see Iris having much of a future at this point. There are too many other, more mature platforms out there now.