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News

London Investors Sink Funds Into Web Based Energy Monitoring

Intamac Systems : 18 June, 2010  (Company News)
The development of smart energy systems from Intamac Systems gains an injection of funding from investment syndicate in the UK
Intamac Systems has received a £4 million investment from a syndicate of leading London based investors including Carbon Trust Investments, Chandos Fund and Seraphim Capital.

The company has already deployed its web-based platform to support the launch of broadband and mobile home monitoring solutions for home security, home automation, energy management, video and telecare for corporate partners in Europe, North America and Australia. The new funding investment will be used to support international growth and the deployment of new products and services for consumers in the Smart Energy space.

Automation and energy management technologies can offer large reductions in peak electricity usage and the backing from Carbon Trust Investments demonstrates how important the web-based systems will be in reducing future costs and carbon emissions.

Kevin Meagher, founder CEO of Intamac Systems comments, "We are delighted to have secured this funding to support our continued growth. The Connected Home market is very active and we have made excellent progress in growing the business to become a global leader. We are opening new channels with an exciting new range of products and services which were previewed and demonstrated at the Consumer Electronics Show in Las Vegas, January 2010. These IP enabled self-install products are ideal for service providers and utilities seeking to deploy new value added service bundles to their customer base".

Adam Workman, CT Investment Partners said: "Intamac's technology opens up a new level of energy management to consumers helping improve energy efficiency and carbon savings in the home. We're delighted to be making this investment in a market that has huge potential for growth in the UK and abroad."

Intamac has already developed partnerships with D-Link, British Telecom, Technicolor, Alcatel Lucent, and IAG (Australia's largest insurance company), and has a number of leading European telcos and utilities currently piloting systems.

Intamac recently demonstrated its product & service capabilities at the Connections Digital Living Showcase & Conference hosted by Parks Associates at the Santa Clara Convention Centre CA, where Kevin Meagher was a guest speaker on the 'Energy Management as Key Application for Home Controls' panel. The company will also be exhibiting and presenting at the inaugural Telecoms Cloud Services Summit to be held 17 & 18th June at the Hallam Conference Centre, London.
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