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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 |
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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