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Home automation company goes public

 - 
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.

 

New Firetide CEO sees mesh networks on the move

Cisco vet John McCool joins Firetide, sees promise for growth as surveillance moves beyond 'the curb'
 - 
05/29/2013

LOS GATOS, Calif.— Cisco veteran John McCool, who joined mesh network provider Firetide as its new CEO on May 20, says there’s an increasing demand to take surveillance mobile.

IHS: Market for wireless infrastructure radios to hit $705m by 2017

Low-cost systems help drive growth
 - 
04/02/2013

LONDON—The market for wireless infrastructure radios used in video surveillance applications grew 11 percent last year, rising from $274 million in 2011 to $304 million in 2012, according to a study by the research firm IHS. Demand will continue to increase, IHS predicts, and global revenues will reach $705 million in 2017.

More money for VideoIQ

 - 
Wednesday, January 11, 2012

VideoIQ yesterday announced it received $3.5 in funding from existing investors Atlas Venture, Matrix Partners and Tenaya Capital.
 
This is an expansion of a Series C funding round. In September, the company got $7.5 million in September from the above investors and another existing investor, Cisco.

Also in September, VideoIQ named Ed Bednarcik as its new CEO. Bednarchik, who is known for readying companies for IPOs, replaced Scott Schnell.

The company, which makes IP cameras and encoders with on-board storage and built-in self-calibrating analytics, said funding will be used to expand sales and product development teams. It also announced "record growth" over the past year. I’m currently enroute from the ESI Forum in Dallas to Maine, but am looking forward to getting more details from Ed Bednarcik during an interview tomorrow. I’ll have more on this deal, and the ESI Forum, in stories later this week.

Cisco invests in VidSys

 - 
09/16/2011

VIENNA, Va.–VidSys, a major PSIM provider based here, announced today it has closed a recent round of funding that includes Cisco.

VideoIQ gets $7.5m and new CEO

Ed Bednarcik joins VideoIQ
 - 
09/14/2011

BEDFORD, Mass.—VideoIQ’s new CEO, Ed Bednarcik, who is known for readying companies for IPOs, outlined steps he’ll take to take VideoIQ “to the next level,” during a Sept. 12 interview with Security Systems News.

Interface bundles services for 9,500 Dollar General retail stores

Deal saves millions on phone service alone for end user
 - 
08/25/2011

ST. LOUIS—Interface Security Systems is in the process of completing the installation of a secure managed cloud services project for the entire Dollar General 9,500-store retail chain. While terms of the deal were not released, Interface CEO Michael Shaw told Security Systems News that the Dollar General multi-year contract is “expected to generate in excess of $100 million in top-line revenue for Interface.”

With Cisco certification, Interface Security Systems poised for growth

ISS credits bundled services for double-digit RMR growth during recession
 - 
06/30/2011

ST. LOUIS—Following record growth during the recession-plagued years of 2008-2010, Interface Security Systems executives believe that their company today stands at the brink of another huge growth spurt. In a milestone that ISS CEO Michael Shaw calls “a huge breakthrough,” Shaw announced June 20 that ISS has been certified as an Advanced Managed Services Channel Partner by Cisco.

iControl gets $50m

Funds will speed up availability of platform, energy management apps
 - 
06/23/2011

PALO ALTO, Calif.—IControl co-CEOs Jim Johnson and Paul Dawes said they were originally looking for a $30 million investment, but there was so much interest that they got $50 million. They even turned away some investors whose interests didn’t align with iControl’s strategy, they said.

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