On Thursday, Control4 announced that it has completed the purchase of Pakedge Device & Software, Inc., a provider of advanced networking products and cloud network-management services for both wireless and wired networking solutions for connected homes and businesses. Control4 said the move brings in-house “deep networking expertise, an industry-leading suite of networking, power management, and cloud-based remote management capabilities,” as well as access to more than 1,100 independent dealers through its expanded sales channel.
Control4 said it acquired Pakedge for around $32.7 million in cash on January 29.
“The connected consumer, connected home, and connected business opportunity is expanding along with the complexities of supporting thousands of different devices and services in homes and business around the world,” Martin Plaehn, Control4 Chairman and CEO, said in a statement. “By embracing networking as an expanded core-competency, integrating it tightly with our entertainment and automation capabilities, and delivering a single cloud-based reporting and management solution, Control4 will be able to harness the expanding opportunity, bring more simplicity to the complicated, and increase satisfaction for our end customers.”