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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.

Survey: Dealers cite cost as barrier to adding home automation

That’s a misperception, says Icontrol’s Greg Roberts
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04/08/2015

REDWOOD CITY, Calif.—A majority of residential security dealers thinks adding home automation services to their traditional offerings is cost prohibitive. That’s a big misperception, according to Greg Roberts, VP of marketing for Icontrol, and one that could put providers at a significant disadvantage in today’s marketplace.

NewsPoll: SSN readers debate the utility of CES home automation gadgets

Should toasters text? Fourteen percent call it a good idea
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02/18/2015

YARMOUTH, Maine—Home automation gadgets coming out of the 2015 Consumer Electronics Show are interesting, but discretion might be needed before some go too far, according to Security Systems News readers responding to our latest NewsPoll.

Global home automation market projected to hit $12.81 billion by 2020

U.S. has largest share of the market
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02/18/2015

DALLAS—The North American home automation market will grow from $2.21 billion in 2013 to $4.29 billion in 2020, a CAGR of 9.17 percent, according to Marketsandmarkets research analyst Sarmistha Biswas.

U.S. Cellular gets into security

Telecom has rolled out its DIY security system; Iowa and Tulsa, Okla., are first test markets
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01/26/2015

CHICAGO—U.S. Cellular, the newest telecom player to enter the security space, has launched OnLook Digital System, a self-installed security and home automation system.

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.

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