Comcast Agrees to Acquire Icontrol Networks
June 23 2016 - 1:13PM
Dow Jones News
By Scott Martin
Cable Giant Comcast Corp. has agreed to acquire Icontrol
Networks Inc. in deal for the company's Internet of Things
technology.
Financial terms of the deal weren't disclosed.
Icontrol Networks, which is based in Austin, Texas, has raised
$93.5 million from venture-capital backers including Kleiner
Perkins Caufield & Byers, Intel Capital and Comcast Ventures,
according to Dow Jones VentureSource.
(END) Dow Jones Newswires
June 23, 2016 12:58 ET (16:58 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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