Tag: Telular Corp.
iControl Networks sues Alarm.com, FrontPoint Security
July 15, 2013Martha Entwistle
REDWOOD CITY, Calif.—Home technology provider iControl Networks on July 10 filed a patent infringement lawsuit against competitor Alarm.com and FrontPoint Security, an Alarm.com customer.IControl software is used as a platform for security/home automation offerings by both traditional security companies, such as ADT, and cable/telecom companies, such as Time Warner and Comcast. In April, Telguard, a division of Telular Corporation, introduced its Telguard HomeControl interactive solution based...
Telular to be acquired by Avista Capital in $253 million deal
May 1, 2013Rich Miller
CHICAGO and NEW YORK—Telular Corp., which provides cellular alarm communications equipment through its Telguard division, announced on Monday that it is being acquired by Avista Capital Partners in a deal valued at $253 million.Avista, a New York-based private equity firm that focuses on energy, health care and communications companies, is assuming $18.5 million debt as part of the deal, according to a news release from both companies. Avista is paying $12.61 per share, a premium of 31 percent...