Intamac Systems Ltd | Intamac Systems receives £4 Million investment to develop web-based energy monitoring system.
Summary
~ Funding will help development of smart energy solutions to cut costs and carbon ~ 16th June 2010, Northampton, UK: Intamac Systems Limited, market leader in internet accessed monitoring and control services, today announced it has received a £4 million investment from a syndicate of leading London based investors including Carbon Trust Investments, Chandos Capital Ventures and Seraphim Capital. We’re delighted to be making this investment in a market that has huge potential for growth in the UK and abroad.” Intamac has already developed partnerships with D-Link, British Telecom, Technicolor, Alcatel Lucent, and IAG (Australia’s largest insurance company), and has a number of leading European telcos and utilities currently piloting systems. Intamac recently demonstrated its product & service capabilities at the CONNECTIONS™ Digital Living Showcase & Conference hosted by Parks Associates at the Santa Clara Convention Centre CA, where Kevin Meagher was a guest speaker on the ‘Energy Management as Key Application for Home Controls’ panel. With fixed and mobile broadband becoming ubiquitous, Intamac Systems use their platform to simplify the installation and deployment of devices to provide turnkey solutions to partners that want to exploit growth opportunities in the connected home. The entry of utilities seeking to extend beyond the meter into the home as part of their Smart Grid strategies has brought new channels for Intamac’s innovative services.
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