iControl Risk Report

🏗️ Operational & Business Continuity

The company appears to be undergoing significant operational changes with multiple acquisitions affecting its continuity. iControl Networks has been involved in strategic moves that seem to consolidate its business model within the construction industry. Notably, the acquisitions and partnerships indicate attempts to strengthen their market standing and expand business capabilities. However, it's unclear how these shifts impact day-to-day operations or contribute to long-term growth.

• Comcast completed the acquisition of iControl's IoT and home security arm 🗓 March 9, 2017, suggesting integration into their broader home technology suite.
• Alarm.com also acquired iControl and resolved a lawsuit with Honeywell 🗓 March 10, 2017, consolidating smart-home platform services.
• iControl, in collaboration with MarginEdge, ventured into the B2B alcohol payments sector 🗓 September 26, 2022, indicating diversification into different operational markets.
• The sale of iControl Networks to Comcast and Alarm.com 🗓 June 23, 2016, marked a pivotal change in company operations and direction.

📜 Innovation & R&D

iControl has demonstrated a consistent focus on innovation in the tech sector, particularly on enhancing construction intelligence and home security systems. These innovations are aimed at increasing efficiency and offering advanced solutions in digital construction project management and smart home technologies.

• iControl developed an iOS app used for home monitoring, enhancing the capabilities of existing hardware like the A-10 flight simulator before March 29, 2011.
• Working with significant tech companies like Siemens AG and Schneider Electric, iControl has been noted as a future leader in home automation solutions 🗓 September 4, 2018, suggesting confidence in their innovative potential within the smart home market.