Nov 23 2010
The companies iControl Networks and uControl have signed a definitive merger agreement, whereby the two leading broadband home management firms would come together, to form a newly merged company retaining the name iControl Networks.
This company undertakes to provide superior solutions in energy management, interactive home security and household health care solutions, to the utilities, home security companies and broadband service providers. It has been launched incorporating many service providers and will make a formal declaration regarding added deployments very shortly. The existing commercial deployments and trials would take place as planned. The CEOs of both the companies, Jim Johnson (uControl) and Paul Dawes (iControl) would serve as co-CEO’s for the new iControl Networks, based in Palo Alto in California, with another branch in Austin, Texas.
According to Paul Dawes, through this merger, the two companies have pooled in their collective resources to provide an advanced platform for the broadband home management segment. The new iControl would deliver the best innovative applications, such as IP video monitoring, the ground-breaking iPhone and Android solutions, the Z-Wave technology and the avant-garde ZigBee. Jim Johnson remarked that through this opportunity everyone that is, investors, employees, partners and customers would reap in benefits. Top on the company’s priority list are achievement of accelerated growth for the OpenSMA ecosystem and also realizing successfully the customers’ deployments.
Source: http://www.icontrol.com