Monarch, founded in 2003, is Inovance’s dedicated elevator business unit, specialising in elevator controllers and gearless drive technology. The company pioneered the concept of integrated solutions that combine an elevator controller with the drive in a single package. Monarch’s product portfolio includes a range of open and closed loop integrated elevator controllers such as NICE3000+, NICE1000+ and NICE100+; as well as the NICE900 integrated door operator controller. Additional products include a range of open and closed loop elevator and escalator drives: MD380L, ME320LN and WISE310. As of 2019, the company has an installed base of >2,000,000 NICE integrated solutions.