and uControl announce merger agreementCreates market leader and industry advances Broadband Home Management
PALO ALTO, California, 4 November 2010/PRNewswire/--iControl networks and uControl today announced that the companies have signed a definitive merger agreement.The merger combines two leading broadband home management and promises to deliver a solution that Best-in-class that includes interactive home security, energy management and home health care solutions for providers of broadband services, home security companies and utilities. the company has launched commercially with various service providers and will announce more distributions in the near future.All business processes and distributions will continue as planned.The merged company will retain the name iControl Networks and will be headquartered in Palo Alto, California with a Division in Austin, Texas. iControl CEO Paul Dawes and uControl CEO Jim Johnson will remain in their roles and serve as co-CEO of new iControl networks.
"Through this merger, iControl and uControl have combined our respective strengths to offer the best platform for broadband market household management," said Paul Dawes, co-CEO of iControl. "That both support for IP video monitoring industry's leading, innovative iPhone and Android apps, or edgy ZigBee and Z-Wave technology, the new iControl will offer the most comprehensive and innovative solution available. "
"This is a rare opportunity where everyone benefits," said Jim Johnson, co-CEO of iControl. "La scala arranged through the consolidation of this market is better for customers, partners, employees and investors. Our priorities are our clients ' success and distributions by accelerating the growth of our ecosystem OpenSMA ".
About iControl
Palo alto based networks iControl is an enterprise backup software and services company providing award-winning solutions to define the market of broadband home management.iControl networks partners with home security holdings, broadband operators, utilities and telecommunications companies to deliver iControl ConnectedLife, the next generation of connectivity, security and household management.IControl investors include ADT, Charles River Ventures, Cisco, Comcast Interactive Capital, GE Security, Intel Capital Kleiner Perkins Caufield and Byers iFund.For more information, visit www.icontrol.com.
About uControl
Austin-based uControl offers an open platform and independent technologies Home Security, control and automation (SMA) software to make the House connected a reality. uControl focuses on the full range of solutions of SMA, which leads with next-generation home security. through its programme leading uControl OpenSMA brings together all players that controls the power Connected Home, integration and by enabling a diverse ecosystem, from cable providers and telephone companies to producers of hardware platform and lifestyle devices that provide elements such as thermostats, lighting, touch screen Tablet and safety sensors. application developers also play a key role within OpenSMA, to bring to market an endless list of applications Connected Home. for details on uControl partners and customers or for more information about OpenSMA, visit www.opensma.com or follow me on Twitter @ opensma. for more information, visit www.ucontrol.com uControl or call 1-888-357-4214.
Thursday, November 11, 2010
iControl and uControl engage in mergers of home automation, internal disputes seem inevitable
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