& cplSiteName &

Comcast, Alarm.com Swoop in on Icontrol

Mari Silbey
6/23/2016
50%
50%

After weeks of rumors about a sale, both Comcast and Alarm.com confirmed today their plans to divvy up and acquire the smart home platform company Icontrol. Terms of Comcast's deal were not disclosed, but Alarm.com is spending approximately $140 million on its part of the transaction. According to the Crunchbase database, Icontrol has raised more than $90 million from investors since 2003.

Comcast Corp. (Nasdaq: CMCSA, CMCSK) says that the main part of Icontrol Networks Inc. it intends to buy is the business unit in charge of the company's Converge software platform. Although Comcast has moved a portion of its smart home development work in house, it still relies on the Converge platform, which uses the Zigbee protocol, for parts of its Xfinity Home service, including its touchscreen panel and back-end servers. Comcast says it will continue to invest in this part of the business, and that current Icontrol employees will make up a new Comcast "engineering center of excellence" in Austin, Texas.

Alarm.com Inc. is targeting Icontrol's Connect and Piper businesses with its planned acquisition. The Connect solution uses the Z-Wave IoT protocol and powers security and home automation services from several providers including ADT Corp. The Piper business is built around a WiFi-enabled video and home automation hub. Icontrol bought the Piper technology in its acquisition of the company Blacksumac back in 2014.


Want to know more about the Internet of Things? Check out our dedicated IoT content channel here on Light Reading.


Many of the large cable companies in North America rely on Icontrol including Rogers Communications Inc. (Toronto: RCI), Cox Communications Inc. and Charter Communications Inc. through the IntelligentHome business it acquired with the purchase of Time Warner Cable. However, Charter recently decided to put a pause on further sales of IntelligentHome, citing the need to evaluate the business as part of the process of integrating new assets from TWC. (See Why Charter May Shutter Its Smart Home.)

With Icontrol now selling its Converge business, Charter is placed in the uncomfortable position of licensing that technology from Comcast if it continues to develop and sell IntelligentHome. Given Charter's efforts to act as a counterpoint to Comcast in the rapidly consolidating North American cable market, that option likely doesn't appeal. (See Comcast & Alarm.com Reportedly Eye Icontrol.)

The Icontrol transactions are still subject to government approval. Both deals are expected to close before the end of the year.

— Mari Silbey, Senior Editor, Cable/Video, Light Reading

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
John Chambers is still as passionate about business and innovation as he ever was at Cisco, finds Steve Saunders.
Flash Poll
Upcoming Live Events
June 26, 2018, Nice, France
September 12, 2018, Los Angeles, CA
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 7-8, 2018, London, United Kingdom
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
Telco Job Prospects Go From Bad to Worse
Iain Morris, News Editor, 6/22/2018
Larry Ellison Laughed at the Cloud, Now the Cloud Is Laughing Back
Mitch Wagner, Executive Editor, Light Reading, 6/20/2018
Mavenir's Billion-Dollar Blueprint
Ray Le Maistre, Editor-in-Chief, 6/18/2018
5G Transport – Where Do We Start?
Ray Le Maistre, Editor-in-Chief, 6/21/2018
Animals with Phones
Backing Up Your Work Is Crucial Click Here
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed