Tag: Control4

CHARLOTTE, N.C. and SALT LAKE CITY—SnapAV, a manufacturer and primary source of A/V, surveillance, networking and remote management products for professional integrators, and Control4 Corporation, a global provider of smart home solutions, recently announced that they have entered into a definitive merger agreement whereby SnapAV will acquire Control4 in an all-cash transaction for $23.91 per share in cash, representing an aggregate value of approximately $680 million. The acquisition is expected...

NEW YORK—The 2013 Inc. 5,000 list has been released and, again this year many security companies made the list, which ranks businesses based on self-reported growth data.Topping the list of included security companies was Security Hunter of Baltimore, Md. At number 551, it had $21.8 million in revenue in 2012, a three-year growth of 820 percent over its $2.4 million in 2009 revenue. Founded in 1988, the company manufacturers and installs electronic and physical security systems used by federal...

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...

SALT LAKE CITY—Control4, a provider of home automation systems, today announced a new family of wireless lighting control products designed for integration with Control4 security platforms, according to a company statement. The systems are available for both residential and commercial applications. With the market for intelligent lighting controls expected to increase steadily in the next decade, Control4 is launching a broad range of energy saving lighting solutions, including adaptive phase...