Tag: OpenHome
New security/telco partnership up North
September 14, 2011Daniel Gelinas
RED WOOD CITY, Calif. and TORONTO—The home security penetration rate hovers around 18 percent in Canada, but players in a new partnership say they're going to change that. Home automation and control technology provider iControl and Rogers Communications, Canada's largest communications provider, on Aug. 30 announced a new converged home security, automation and control offering, which they say will raise that rate.
"When you start giving people the ability to view cameras remotely, to...
iControl gets $50m
June 23, 2011Martha Entwistle
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.
“There was more interest in investing than we anticipated,” Dawes told SSN on June 20. The success of the round is due to the successful roll out of ADT's Pulse product, the recent iControl/Comcast...