Comcast and Alarm.com to acquire smart home company Icontrol
Harrison Weber for VentureBeat: Comcast and security company Alarm.com have entered into agreements to acquire and divvy up Icontrol, an 11-year-old Internet of Things and home security company founded in Palo Alto and now based in Austin, Texas.
Comcast previously invested an undisclosed sum into Icontrol and relies on the company’s tech to power parts of its connected home and home security platform.
In this multi-part deal, Comcast says it’s buying Icontrol’s Converge platform and wholesale business, which “powers the Xfinity Home touch-screen panel and back-end servers, allowing them to communicate with and manage security sensors in the home, as well as supporting home-automation devices like cameras and thermostat.” Cont'd...
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