Background

Intamac Systems was founded by its CEO, Kevin Meagher, in September 2000 and has grown to be a market leader in Connected Home services.  The Company is based in the UK with its Head Office in Northampton and subsidiaries in North America and Australia with platforms deployed to support major partners on 3 continents.

Market Opportunity

The Company is focused on leveraging its technology to support growth opportunities in what is widely known as the Connected Home.  It offers a web platform as a managed service to partners that want to extend their existing products and services into this new market.

The company works closely with a wide range of product manufacturers and distributes its services through a number of direct and indirect channels.  The Internet platform is based on open standards and can be adapted for almost any communicating device to permit two-way monitoring and control through fixed and mobile broadband. This is backed by a full multi-media messaging service that provides alerts such as power failure, flood, fire, burglary, camera activation, and can even notify you when the kids arrive safely home from school!

Existing Investors

As a technology company, Intamac has gone through the traditional stages of growth.  The lead investor is a London based VC, Sepaphim Capital, which joined in Dec 2009 as part of a $5m raise.  Other VC funds include Octopus Ventures, Catapult Ventures, London Seed and Pace Microtech as a corporate investor.

Vision

Intamac Systems believes that the developing networked, Connected Home and Business requires new thinking as well as new technology: thinking that reshapes business models to deliver affordable, added-value services and technology that allows consumers to monitor and control their home or business using the mobile phone or Internet.

In an increasingly complex world, Intamac believes that it is difficult for any one company to deliver the complete solution – there is no single ‘killer application’ that will itself create Connected Home market demand.  For the Connected Home to become a reality in the mass market, the technology has to be simple to use, flexible and low-cost.  The ability to network systems in the home and link to the outside world is just half of the problem.  Manufacturers and service providers need to be able to bundle their various offerings using systems that can integrate with their own back office infrastructure. 

Strategy

Intamac Systems offers the next generation of Connected Home services exploiting a web-based platform.  This is offered as a managed service to partners where they are provided with all the tools needed to launch a range of exciting new services that exploit fixed and mobile broadband.  Intamac focus on simple, low cost products and services that will appeal to the mass consumer market, and offer these as branded solutions as part of a turnkey package.

Central to Intamac's strategy is the use of the ‘cloud’ as a tool to scale, network and integrate a range of value-added services for business partners.  Back-office integration and branding options allow each carrier to achieve maximum market penetration with services including:

• Self Install Security and Monitoring - These provide new levels of protection for people and their property
• Smart Energy Monitoring - Giving consumers the tools they need to reduce consumption
• Home and Environmental Automation – HVAC and Power Control
• Multi Screen Interface options - iPhone, Mobile Web, Picture Frame
• Telecare – Core Social care support with family messaging
• Video Monitoring - Streaming and Event Reporting
• Service offerings - From free basic monitoring to professional security support

These new products and services are the first wave of innovative offerings enabling Intamac Systems and its partners to attack the quad play markets through the perfect marriage of product and service.   

For more on Intamac Systems' Corporate & Social Responsibility click here...

Investors in Intamac Systems

Seraphim

Seraphim is a London based venture capital fund that invests and supports high growth, early stage UK businesses. 

The Fund has been created through a collaboration of leading business angel networks.  This provides the Fund access to a unique network of more than 1,000 leading business angels, consisting of some of the most successful and influential business leaders from across both the UK and America. 

“As broadband has become commoditised, telcos 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 telcos, 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 telcos have been looking for.”  says James Breugger, Investment Director at Seraphim Capital.

Chandos Fund

The Chandos Fund is a new private equity fund managed by YFM Private Equity that invests in high growth businesses located in the UK.  YFM Private Equity is part of the YFM Group. With over £300 million of funds under management, 10 offices and in excess of 40 investment staff, YFM is the most active investor in UK SMEs. 

Octopus Investments

Octopus Investments is an an award-winning, market-leading fund known for service and innovation.  They exploit a mix of Venture Capital Trusts (VCT), Enterprise Investment Schemes (EIS) and Inheritance Tax (IHT) investment solutions, to make investments in early stage UK companies.

Catapult

Catapult has a broad portfolio of investments from early stage, through development capital to MBO/MBIs.  Since 1999 they have invested in over 65 companies, providing initial and further follow on requirements.

London Seed Capital

London Seed Capital Limited (LSC) is a seed and early-stage venture capital fund.  London Seed Capital was established as a co-investment fund, which means that LSC only invests where its investment is at least matched by business angels.

Pace

Pace creates intelligent and innovative products and services that fuel the development of digital TV.  Pace has one of the world’s most experienced specialist engineering teams working with top payTV operators and in retail markets around the world.  Their interest in the connected home and work with global service providers led them to take a stake in Intamac.