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 13:05 ET (17:05 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
Intel (NASDAQ:INTC)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Intel Charts.
Intel (NASDAQ:INTC)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Intel Charts.