US firm iControl Networks acquires Canadian home automation device maker Blacksumac

April 9
9:05 AM 2014

iControl Networks has added Canadian home automation and security firm Blacksumac, according to TechCrunch. The financial terms of the acquisition deal were not disclosed in the said report.

The transaction will help iControl expand its market reach and customer base. Chief executive officer (CEO) Bob Hagerty said the firm plans to market Blacksumac's home automation device Piper via its own e-store, including online and offline distributors. The said product will be instrumental in iControl's expansion into Europe and Asia, the report detailed.

Blacksumac's Piper is a WiFi-enabled gadget that features a 180-degree fisheye camera that can monitor temperature, motion, and humidity. It is also capable of connecting to nearby lights and devices using Bluetooth and Z-Wave, the report explained.

Established almost ten years ago, iControl has managed to sell its own products through home security firms and cable service providers. It has raised a total capital of $130 million. Comcast, Time Warner Cable, and ADT are among its most prominent customers, TechCrunch reported.

© 2022 VCPOST, All rights reserved. Do not reproduce without permission.


Join the Conversation

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics