iControl to control uControl
I learned late yesterday that iControl will acquire competitor uControl. They announced the merger yesterday, but did not announce financial terms. This brings together two broadband home security/management providers.
The announcement said the new company will go with the iControl Networks name and will be based iin Palo Alto, Calif. (iControl's home base). Paul Dawes, CEO of iControl and Jim Johnson, CEO of uControl, will be "co-CEOs" of the new company.
I'll be speaking with Dawes and Johnson today, so will have more info soon. In the meantime, below are some more details from the press release:
According to the release: "The combined company has launched commercially with several service providers and will announce additional deployments in the near future. All commercial trials and deployments will continue as planned."
"Through this merger, iControl and uControl have combined our respective strengths to deliver the best platform for the broadband home management market," said Paul Dawes, co-CEO of iControl, in a prepared statement. "Whether it's support for industry-leading IP video monitoring, innovative iPhone and Android apps, or cutting edge ZigBee and Z-Wave technology, the new iControl will offer the most comprehensive, innovative solution available."
"This is a rare opportunity where everyone benefits," said Jim Johnson, co-CEO of iControl, in a statement. "The scale achieved through this market consolidation is better for customers, partners, employees, and investors. Our top priorities are the success of our customers' deployments and accelerating the growth of our OpenSMA ecosystem."
iControl Networks is a venture-backed software and services company that partners with home security companies, broadband operators, utilities and telecommunication firms to deliver iControl ConnectedLife. Investors in iControl include ADT, Charles River Ventures, Cisco, Comcast Interactive Capital, GE Security, Intel Capital and the Kleiner Perkins Caufield and Byers iFund. For more information, please visit uControl delivers an open, technology-agnostic Home Security, Monitoring and Automation (SMA) software platform making the Connected Home a reality.
uControl, based in Austin, Texas, recently announced its OpenSMA program, which "brings together all the players who power the Connected Home, integrating and enabling a diverse ecosystem, from Service Providers such as cable and telephone companies to Platform Hardware and Lifestyle Device manufacturers who supply items such as thermostats, lighting controls, touch screen tablets and security sensors. Application developers also play a crucial role within OpenSMA, bringing to market an endless list of Connected Home applications."