Comcast completes acquisition of Icontrol's IoT and home security arm
Tas Bindi for ZDNet: Comcast has completed its acquisition of Icontrol Networks' Converge business, which creates Internet of Things (IoT) and connected home security solutions.
Converge already powers Comcast's XFinity Home, in that it allows Comcast to communicate with and manage security sensors that are part of Xfinity Home, and also supports home-automation devices like cameras and thermostats.
While the terms of the deal remain undisclosed, Comcast SVP and XFinity Home general manager Daniel Herscovici explained in a blog post that the acquisition will give the company full control over Icontrol's research and development roadmap. Specifically, it will allow the company to accelerate the pace of XFinity Home's development, especially in the area of connected home security. Cont'd...
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