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Author: William Ablondi
Publication Date: Jun 28 2016
Pages: 6
Report Type: Insight, Word
Smart Home

Icontrol Splits to Sell

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Report Summary:

On June 23, 2016 Icontrol reported that it will be acquired in parts by and Comcast. will pay about $140 million for the “Connect” Z-Wave platform and the Piper camera unit; Comcast will pay an undisclosed amount for the “Converge” (Pro-monitored) and “Touchstone” (Self-monitored) ZigBee platforms. Both acquiring firms also gain a trove of patents. The parties expect the transaction to be completed by the end of 2016 subject to the usual regulatory approvals.

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