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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.

'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.

ADT: Consumer Electronics Show 'very important'

The event is productive for the security company on many fronts
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01/21/2014

LAS VEGAS—The annual Consumer Electronics Show didn’t used to loom so large on ADT’s radar. But 2014 marks the second year in a row the security giant has had a booth at CES and the company now views it an event not to be missed, according to Tony Wells, ADT SVP and chief marketing officer.

Alarm.com puts its own spin on PERS

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Wednesday, January 8, 2014

Alarm.com’s new Wellness solution, unveiled recently at CES, may perform some of the same functions as a traditional PERS unit, but the solution has the unmistakable stamp of an Alarm.com offering.

The solution combines mobile notifications and sensors with the company’s home automation platform, a medley of functionalities that make it a unique contribution to the independent living product realm, which is fast becoming a widespread RMR-generating fixture in the industry.

That’s not to say Wellness doesn’t feature some of the typical trappings of more traditional PERS technology. The solution includes panic buttons, for instance. But how the offering differs from traditional PERS units in some ways parallels how Alarm.com initially distinguished itself as a company in the residential security space—through its automation functions. Through a network of sensors, the solution can automatically detect unusual information and send mobile notifications to caregivers.  

Since Wellness is fully integrated with the company’s home automation, energy management and security services, the offering essentially slots in as another component of the broader ecosystem of a connected home. Another neat wrinkle to the offering, and one that maybe shouldn’t be surprising given the overarching design of the solution, is that it enables caregivers to adjust household devices like thermostats remotely.

It’s hard to think of a product perfectly analogous to this elsewhere in the industry, though that doesn’t mean there’s not one, or at least something similar in scope and breadth. In the coming days, once CES is in the rearview mirror, I plan to speak to Alison Slavin, VP of product management at Alarm.com, to find out more about how this product puts a new spin on the PERS space, as well as what the future holds for the company in that market. 

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