23 Jun 2010   |   News

Intamac raises £4M for home monitoring systems


Funding

Intamac Systems Ltd, a specialist in Internet-based monitoring and control services, has raised £4 million from a syndicate of investors including Carbon Trust Investments, Chandos Capital Ventures and Seraphim Capital.

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

The company’s automation and energy management technologies can offer large reductions in peak electricity use. Kevin Meagher, founder and CEO of Intamac, said, “The Connected Home market is very active and we have made excellent progress in growing the business. [Our] internet protocol-enabled self-install products are ideal for service providers and utilities.”

Adam Workman of 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. The company has links with D-Link, British Telecom, Technicolor, Alcatel Lucent, and IAG (Australia’s largest insurance company), and a number of European telcos and utilities are currently piloting its technology.

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