Comcast, Alarm.com Reportedly Discussing Purchase of Icontrol

Medium reports the sides are in discussions. Some assets of Icontrol would go to Alarm.com and others to Comcast.

Comcast and Alarm.com are reportedly in talks to buy Icontrol, a provider of back-end software behind many home security offerings.

Medium reports that Icontrol would sell its Piper security products and other assets to Alarm.com. Meanwhile, another section of the business will go to Comcast.

Here is an excerpt from Medium’s report:

A sale makes sense. Icontrol was formed in 2004 to provide security and home automation services for companies like ADT and Comcast, and raised more than $90 million to do it. It won big customers at first, but it felt like the rush of [do-it-yourself] connected gadgets that started hitting the market in 2013 and 2014 caught it off guard. To adapt it announced a new product called Touchstone that consumers could self-install.

Then it doubled down by purchasing Blacksumac, the maker of the Piper an all-in-one security device, in 2014. But with Piper and Touchstone, Icontrol was competing against its service provider customers. That was confusing at best and irritating to them at worst. More importantly, as other companies turned to the smart home, they chose other providers or built their own platforms. ADT has thrown some of its business to a rival company, and when Comcast started working with individual IoT device companies, it chose to integrate those into its Xfinity Home service itself without using Icontrol.

This will certainly be an interesting story to follow in the future.


More: Icontrol CMO Dishes on Selling Home Automation


Security Is Our Business, Too

For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.

A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!

Subscribe Today!

Get Our Newsletters