Intamac Systems receives £4 million investment to develop web-based energy monitoring system
Funding will help development of smart energy solutions to cut costs and carbon.
Intamac Systems Limited, market leader in internet accessed monitoring and control services, today announced it 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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About Intamac Systems
Intamac Systems is a market leader in the integration and networking of devices within the connected home. Founded in 2000 and based in the UK, Intamac was the first company in the world to exploit cloud based computing to support the deployment of value added services to the Connected Home. Their platform is an enterprise solution that takes leverages broadband and mobile to deliver innovative security, video surveillance, automation, energy management and telecare solutions to the mass consumer space. With fixed and mobile broadband becoming ubiquitous, Intamac Systems use their platform to simplify the installation and deployment of devices to provide turnkey solutions to partners that want to exploit growth opportunities in the connected home. The entry of utilities seeking to extend beyond the meter into the home as part of their Smart Grid strategies has brought new channels for Intamac’s innovative services.
Intamac was listed in the 2009 Deloitte Technology Fast 50 as one of the fastest growing technology companies in the UK. It also won the European Business Awards for Best New Innovation where CEO, Kevin Meagher, received a Ruban d’Honneurs for European Entrepreneur of the Year. For more information see www.intamac.com