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Philips Hue will force users to upload their data to Hue cloud - Home Assistant
(www.home-assistant.io)
Home Assistant is open source home automation that puts local control and privacy first. Powered by a worldwide community of tinkerers and DIY enthusiasts. Perfect to run on a Raspberry Pi or a local server. Available for free at home-assistant.io
Philips took a risk with their brand letting Signify use it.
Signify is just the “new” name of what once was Philips Lighting. Not a new company or anything.
It was spun off. https://www.signify.com/global/our-company/investors/shareholder-info