|By RealWire News Distribution||
|July 8, 2014 09:00 AM EDT||
Intamac set for growth as connected devices are expected to double by 2020
8th July 2014: Intamac Systems, the UK headquartered 'Internet of Things' company, which delivers software and services that enable manufacturers and service providers to connect products securely to the internet so that they can be monitored and controlled via apps, has raised a further £2m in growth capital. The funding round, led by YFM's Chandos fund and British Smaller Companies VCTs and also supported by a number of existing institutional investors including Seraphim and 350 Investment Partners, increases total investment in the business to £14.5m.
Global growth in the demand for connected devices across product categories including heating, lighting, air conditioning and security is expected to double sales from 12.4 billion in May 2014 to 26 billion products by 2020*.
Intamac's Enso platform, software and services are used by many blue chip companies including, Scottish Power in the UK, Securitas across Europe and Belgium's Belgacom. It recently signed a three year contract with Sprue Aegis plc, one of Europe's leading suppliers of home safety products (including smoke and carbon monoxide alarms) sold under the FireAngel brand.
Mark Lee, Intamac Commercial Director said "Intamac has been delivering secure, reliable connected solutions for over 10 years; our technology is tried and tested and we have unrivalled experience in helping manufacturers and service providers to connect their products. As you would expect in a market that is predicted to see very fast growth it seems like there is another new startup almost every week, what we offer though is market leading innovation coupled with proven and stable technology."
Commenting, David Perez, Intamac Chief Executive said: "Our IoT technology is enabling large manufacturers with trusted consumer brands to connect their products securely and efficiently to the internet making these 'smarter' and more desirable for consumers. It also gives manufacturers real time insight into how their products are performing, through telemetry, remote diagnostics and estate management. Customers like having the power to control their home devices. This additional funding allows us to rapidly scale our business and meet the demand we are now experiencing."
David Bell, Director at YFM Equity Partners, who led the deal said: "We are delighted to support David and the Intamac team who have recently seen a rapid growth in sales prospects for their innovative Enso platform. The Internet of Things concept is being embraced by consumers with a wide range of new products coming to market, including cameras, heating controls, fire alarms and even fridge's and washing machines."
For further information:
Notes to Editors:
Intamac Systems is a market leader in Connected Home and Internet of Things solutions. As a B2B solution provider Intamac helps its partners to connect 'things' to the Internet so that they can be monitored, controlled and accessed remotely.
Founded in 2001 and based in the UK, Intamac was the first company in the world to exploit cloud computing technology to support the deployment of value added services for the Connected Home. Today partners around the world rely on Intamac's 'carrier class' cloud services platform to support mass market deployments across multiple service verticals including innovative security, video surveillance, automation, energy management and tele-care solutions. For more information see www.intamac.com
Sean Meagher, Intamac Systems, +44 870 111 7234, [email protected]
For more information see www.intamac.com
About YFM Equity Partners
YFM Equity Partners (www.yfmep.com) has a 30 year business history of investing in and transforming fast-growing small UK companies. We invest up to £10 million of equity in established UK businesses across all sectors. Through our regional office network, we are dedicated to working alongside management teams to create transformational growth and success.
Recent YFM Equity Partners investments include, Intelligent Office and Mangar International. Its portfolio also includes: cyber security firm, Deep Secure, kitchen manufacturer and retailer, Harvey Jones, outdoor equipment and clothing retailer Go Outdoor and specialist engineer Seven Technologies.
YFM Equity Partners invests through its subsidiary YFM Private Equity Limited which is registered in England and Wales, Co No: 2174994. Registered Office: Saint Martin's House, 210-212 Chapeltown Road, Leeds LS7 4HZ. YFM Private Equity Limited is authorised and regulated by the Financial Conduct Authority, FRN: 122120 and is ultimately owned by YFM Equity Partners LLP.
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Feb. 24, 2017 02:00 PM EST Reads: 1,876
In his session at @ThingsExpo, Steve Wilkes, CTO and founder of Striim, will delve into four enterprise-scale, business-critical case studies where streaming analytics serves as the key to enabling real-time data integration and right-time insights in hybrid cloud, IoT, and fog computing environments. As part of this discussion, he will also present a demo based on its partnership with Fujitsu, highlighting their technologies in a healthcare IoT use-case. The demo showcases the tracking of patie...
Feb. 24, 2017 01:15 PM EST Reads: 695
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Feb. 24, 2017 01:00 PM EST Reads: 1,851
Have you ever noticed how some IT people seem to lead successful, rewarding, and satisfying lives and careers, while others struggle? IT author and speaker Don Crawley uncovered the five principles that successful IT people use to build satisfying lives and careers and he shares them in this fast-paced, thought-provoking webinar. You'll learn the importance of striking a balance with technical skills and people skills, challenge your pre-existing ideas about IT customer service, and gain new in...
Feb. 24, 2017 12:30 PM EST Reads: 2,502
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Feb. 24, 2017 12:30 PM EST Reads: 2,522
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Feb. 24, 2017 11:30 AM EST Reads: 1,235
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business. Though, IoT is far more complex than most firms expected with a majority of IoT projects having failed. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, Chief IoTologist at Wipro, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology portfolios and business models to adopt and leverage IoT. He will delve in...
Feb. 24, 2017 10:30 AM EST Reads: 2,196
In his session at 20th Cloud Expo, Chris Carter, CEO of Approyo, will discuss the basic set up and solution for an SAP solution in the cloud and what it means to the viability of your company. Chris Carter is CEO of Approyo. He works with business around the globe, to assist them in their journey to the usage of Big Data in the forms of Hadoop (Cloudera and Hortonwork's) and SAP HANA. At Approyo, we support firms who are looking for knowledge to grow through current business process, where even...
Feb. 24, 2017 10:25 AM EST Reads: 381
Tricky charts and visually deceptive graphs often make a case for the impact IT performance has on business. The debate isn't around the obvious; of course, IT performance metrics like website load time influence business metrics such as conversions and revenue. Rather, this presentation will explore various data analysis concepts to understand how, and how not to, assert such correlations. In his session at 20th Cloud Expo, Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Sys...
Feb. 24, 2017 09:30 AM EST Reads: 1,704
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
Feb. 24, 2017 09:15 AM EST Reads: 8,241
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Feb. 24, 2017 08:45 AM EST Reads: 1,909
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change the...
Feb. 24, 2017 08:45 AM EST Reads: 4,962
SYS-CON Events announced today that Outlyer, a monitoring service for DevOps and operations teams, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outlyer is a monitoring service for DevOps and Operations teams running Cloud, SaaS, Microservices and IoT deployments. Designed for today's dynamic environments that need beyond cloud-scale monitoring, we make monitoring effortless so you...
Feb. 24, 2017 08:45 AM EST Reads: 1,873
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
Feb. 24, 2017 08:30 AM EST Reads: 1,759
There are 66 million network cameras capturing terabytes of data. How did factories in Japan improve physical security at the facilities and improve employee productivity? Edge Computing reduces possible kilobytes of data collected per second to only a few kilobytes of data transmitted to the public cloud every day. Data is aggregated and analyzed close to sensors so only intelligent results need to be transmitted to the cloud. Non-essential data is recycled to optimize storage.
Feb. 24, 2017 08:15 AM EST Reads: 1,503
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great dea...
Feb. 24, 2017 08:15 AM EST Reads: 2,101
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Feb. 24, 2017 07:30 AM EST Reads: 2,013
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Feb. 24, 2017 06:15 AM EST Reads: 5,624
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Feb. 24, 2017 04:00 AM EST Reads: 3,941
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
Feb. 24, 2017 03:00 AM EST Reads: 2,023