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News

Home Automation Supplier Secures Investment Funding

Intamac Systems : 11 February, 2010  (Company News)
Exploiting the wide availability of broadband and providing home security and automation as a web-based service commodity are Intamac's goal in funding round that has secured a £2 million investment in the company
Seraphim Capital has led a £2m investment alongside Chandos Fund into Intamac System Limited - a platform provider for next generation networked and connected home services.

Intamac has developed a web-based platform that enables a broad range of new products and interactive services for consumers to remotely monitor and control their home environment. This platform has been designed to work with a new generation of intelligent household devices, such as Home Security alarms, door locks, IP cameras, electrical appliances and even utility meters, which can send and receive information via a household's broadband connection. The Intamac platform connects these devices in the cloud, and provides consumers with a simple web interface accessed via either a computer or a mobile phone through which they can manage all these devices and deliver innovative new services.

Intamac's home monitoring offering is based around its revolutionary self-install 'plug and play' security alarm system, which includes a variety of wireless peripherals such as motion, smoke and water sensors, and integrates with IP cameras and electronic door locks. As the alarm system is connected via broadband to the internet, consumers can receive notifications via voice call, sms text message and email if their alarm is triggered, turn their alarm on and off remotely, and view images from cameras in their home through a computer or mobile phone. All this extra functionality is offered at a fraction of the cost of a traditional burglar alarm system.

The Company's energy management offering enables consumers to monitor their household energy consumption in real time via the web, and remotely control lights and electrical appliances to reduce energy consumption. By connecting low cost in-home displays and intelligent device plugs to its platform, Intamac is able to offer a range of innovative web-based monitoring and control services, such as automatically switching off devices which have been left in standby mode. Such services have been shown to provide up to a 10% drop in energy consumption and are a valuable tool in efforts to reduce a households' carbon footprint.

Intamac's technology has already been deployed on three continents and the company has recently announced an exclusive partnership with D-Link, one of the world's leading CE product manufacturers. The two companies have developed a new range of IP based, low cost, self install products and services for telcos and utilities looking to deploy new offerings as part of their respective quad play and Smart Grid strategies. By working together, D-Link and Intamac intend to make the benefits of home monitoring affordable to the mass market for the first time, through both service providers and mainstream retail channels. The new D-Link and Intamac home monitoring solution won a CEA Innovation Award when previewed at the 2010 Consumer Electronics Show in Las Vegas.

The Company is led by its founder CEO, Kevin Meagher, who won a Ruban d'Honneur for Entrepreneur of the Year at European Business Awards.

James Bruegger, Investment Director, Seraphim Capital: "As broadband has become more of a commodity, telecom companies around the world are now desperate to find new products and services to try and shore up declining revenues and combat churn. Having already been proven to reduce churn with some of the world's leading telecom companies, Intamac's technology is perfectly aligned with these needs. This is why we believe Intamac's home monitoring and energy management products could be the killer apps that telecom companies have been looking for."

Paul Cannings, Director, Chandos Fund: "We are excited to be backing Intamac to capitalise on the growing interest in their product offerings. There is clear momentum in the marketplace with telecom operators, utilities and security companies all looking to bring innovative new broadband services to their customers. Intamac are attracting the interest of the major players in the market and the company's partnerships with D Link and Thomson validate the strength of their offering."

Kevin Meagher, founder and CEO Intamac: "Our business and industry have seen a dramatic spike in interest from both partners and consumers alike over the past year, We spotted the opportunity for cloud-based service delivery, and have worked with partners such as British Telecom, IAG and D-Link to launch solutions in the UK, Australia and the USA. This funding gives us an excellent basis to further grow our business, developing innovative and integrated solutions for home security, energy management, video, social care and remote control . In these difficult economic times, it's great to have Seraphim Capital and Chandos Fund backing our vision for, and recognising the potential of, the fully connected home."

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