iControl Networks and uControl, two early vendors in the emerging broadband home management market, have decided to combine their strategies by striking a deal to merge.
Although neither company revealed the terms of the deal, the combined company will be called iControl when the merger is complete. The two companies' products enable service providers, utilities and security companies deliver a host of home services, including home security, emerge management and health care services.
Based in Palo Alto, Calif., the 100-person combined company will be led by iControl CEO Paul Dawes and uControl CEO Jim Johnson who will serve as co-CEO's of the new iControl Networks. Neither Dawes nor Johnson anticipates any layoffs when the deal is complete.
"It's been about getting to a bigger market opportunity," Dawes said in a CED Magazine article. "The focus of the market is home security. We have the ability to drive a cost-effective solution for the mass market."
Both companies bring a diverse set of security and service provider customers to the table.
While iControl has not signed up any cable or telco customers, it does currently supply its software nationally to ADT via its home-security company's Pulse service in addition to GE Security. Both GE Security and ADT are two of five of its investors, a list that also includes Cisco, Comcast Interactive Capital and Intel Capital.
Meanwhile, UControl has currently three cable operator customers under its belt: Comporium Communications, NewWave Communications and Massillon Cable.
For more:
- see the release
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