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Tuesday, June 28, 2016

Deal shows pains in connected homes tech

Comcast and Alarm.com have announced their acquisition of Icontrol, developer of smart home technologies, in a deal designed to bolster security offerings and bring technology development in-house, Greentech Media reports.

Comcast will acquire Icontrol’s "Converge" software platform, which powers the Xfinity Home touch-screen panel and back-end servers, while Alarm.com will acquire the company's Connect and Piper businesses.

Read more: http://www.utilitydive.com/news/comcast-icontrol-deal-highlights-pains-in-connected-home-technology/421669/

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