Comcast Talks Next Steps After Icontrol Acquisition Becomes Official
Over the summer, Comcast announced it was part of a three-way deal with Alarm.com to purchase parts of IoT security firm Icontrol Networks. Icontrol, which played a major role in the launch of Xfinity Home in 2010, sold off its Connect and Piper platforms to Alarm.com, while Comcast acquired the Converge portion of the business.
The deal, which was held up over a legal challenge by Honeywell against the Alarm.com portion of the transaction, became official this week only when Honeywell and Alarm.com reached a settlement.
“It’s taken a few months to get through all necessary approvals, but the deal is official, final, signed, and inked,” Daniel Herscovici, Comcast’s Senior VP and General Manager of Xfinity Home and Comcast Cable, told Dealerscope in a phone interview on Thursday.