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home automation

Home automation company goes public

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Wednesday, August 7, 2013

Home automation provider Control4 had a successful IPO on Friday Aug. 2. The company offered 4,000,000 shares of its common stock for $16 per share. The shares began trading on the NASDAQ market.

The share price quickly climbed to $20.70 in what Business Insider called a “stellar IPO. … That gives the 10-year-old, Salt Lake City, Utah, company a valuation of about $446 million. Not bad considering it had 2012 revenues of $109.5 million and posted a loss from operations every year since 2008.”

The stock closed at $21.06 on Tuesday, Aug. 6.

One winner in the deal, Business Insider pointed out, is Cisco, which made an undisclosed $20 million investment in the company in 2011.

Business insider says that Cisco “also signed on to sell a Cisco-branded version of its products and to help Control4 develop new products. … Control4 is part of Cisco's big vision of a brand new tech market called the Internet of Things (although Cisco prefers the term the Internet of Everything). IoT refers to putting all the inanimate objects in your home, office and city on the Internet and making them interactive."

And speaking of the Internet of Things, we had a great panel discussion at TechSec last year about that touched on that topic, and we’ll be doing more on it this year. We’re putting the program together right now. Look for details around ASIS time.

 

Cox expanding its home security/home automation reach

By the end of 2012, the cable company plans to offer Cox Home Security in seven states
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10/24/2012

ATLANTA—After a successful trial of its home security/home automation offering in Arizona, Cox Communications is now expanding Cox Home Security to six other states.

Total Security sets sights on Suffolk County, N.Y.

Home automation push part of expansion plan, too
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12/03/2014

ELMONT, N.Y.—Total Security Integrated Systems, a security company based here that specializes in residential video security, is making a marketing move into Suffolk County, N.Y., and plans a bigger focus on home automation in 2015, according to owner and CEO Matt DiMicco.

Vivint creates CSO position, hires federal cyber expert Joe Albaugh

New Vivint CSO Albaugh was security chief at DOT, FAA
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07/30/2014

PROVO, Utah—Joe Albaugh, who today joined Vivint in the newly created position of chief security officer, brings significant cyber expertise, having previously served as chief information security officer at the U.S. Department of Transportation and also at the Federal Aviation Administration.

'Timing is perfect' for Honeywell upgrade solution release

Dealers can offer the cost-effective VISTA Automation Module (VAM) when they do radio upgrades as the 2G sunset approaches
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07/02/2014

NASHVILLE, Tenn.—Honeywell just introduced a new solution enabling dealers to offer affordable home automation upgrades to more than 10 million customers—and a company executive says the release of Honeywell’s VISTA Automation Module or “VAM” couldn’t have come at a better moment.

Cloud-based smart home installed base to grow to 44.6 million by 2018

Key elements of growth: platform that can integrate many devices, resistance to cyber hack
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05/28/2014

LONDON—The security industry is just one business sector expected to play a role in the rapid expansion of the global market for cloud-based home management systems, whose installed base is poised to skyrocket over the next five years, rising from 5.6 million at the end of 2013 to 44.6 million by 2018, according to a new report from IHS Research, a market research firm whose U.K. headquarters is based here.

Global home automation market poised to expand dramatically

The market could reach $14 billion by 2018, according to an ABI Research report
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03/26/2014

WELLINGBOROUGH, England—The global home automation market is trending toward significant growth in the coming years, with the $9 billion market projected to reach $14 billion by 2018, according to a report from ABI Research, a technology market intelligence firm with locations around the world.

Security industry share of smart home market to be cut in half by 2019, report says

Early mover advantage that security companies now have will give way as telecoms, cablecos gain more market share, ABI Research says
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03/19/2014

NEW YORK—Monitored security companies will stay at the top of the U.S. managed smart home market for the next five years, but their market share will drop more than 50 percent by 2019 as competitors such as telecoms and cablecos leverage their own strengths in the space, predicts a new report from ABI Research.

Qolsys IQ Panel available now

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02/24/2014

CUPERTINO, Calif.– Qolsys, a provider of home security and automation systems, announced in February that its IQ Panel, powered by Alarm.com, is now widely available through distributors in the United States.

Sizing up Google’s smart home play

Experts say the security industry should pay attention to the Internet services provider’s multimillion-dollar buy of a maker of intelligent thermostats and smoke alarms; they don't rule out a Google security offering
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01/29/2014

YARMOUTH, Maine—Security companies should take note of Google’s recent expansion into the connected home with its $3.2 billion buy of smart thermostat and smoke alarm maker Nest Labs, industry experts tell Security Systems News.

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