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CMCSA Comcast Corporation

38.50
-0.19 (-0.49%)
Last Updated: 18:38:54
Delayed by 15 minutes
Share Name Share Symbol Market Type
Comcast Corporation NASDAQ:CMCSA NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.19 -0.49% 38.50 38.49 38.50 39.06 38.475 38.83 9,364,920 18:38:54

Comcast Agrees to Acquire Startup Icontrol Networks -- Update

23/06/2016 6:41pm

Dow Jones News


Comcast (NASDAQ:CMCSA)
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By Scott Martin 

Cable Giant Comcast Corp. has agreed to acquire Icontrol Networks Inc. in deal for the company's Internet of Things technology.

Financial terms of the deal weren't disclosed.

Icontrol Networks, which is based in Austin, Texas, has raised $93.5 million from venture-capital backers including Kleiner Perkins Caufield & Byers, Intel Capital and Comcast Ventures, according to Dow Jones VentureSource.

The Icontrol Converge software platform has been the system behind Comcast's Xfinity Home system for touch-screen panels and works with servers in the background. The software enables communication and management for home sensors as well as cameras and thermostats.

Separately, Alarm.com said on Thursday it has agreed to acquire the other elements of Icontrol's business.

Write to Scott Martin at Scott.Martin@wsj.com

 

(END) Dow Jones Newswires

June 23, 2016 13:26 ET (17:26 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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