Intamac Secured £4M Funding to Develop Web Based Energy Monitoring System

  • Posted on: 17 June 2010
  • By: chw staff

Intamac a supplier of internet access monitoring and control solution has received £4 million invested funding from a group of London based investors.  The group includes Chados Capital Ventures, Carbon Trust Investment and Seraphim Capital.  Intamac recently announced a home monitoring solution with D-Link and has an ongoing relationship with British Telecom, Technicolor, Alcatel Lucent, and IAG.

The new funding investment will be used to support Intamac's international growth and the deployment of new products and services for consumers in the Smart Energy space. Intamac also received a £1million funding last year to develop Zigbee controlled consumer devices.

Intamac has already made its impression on the growing connected home market, by being the first company in the world to exploit cloud based computing to support the deployment of value added services to the Connected Home.

“We are delighted to have secured this funding to support our continued growth. The Connected Home market is very active and we have made excellent progress in growing the business to become a global leader.  We are opening new channels with an exciting new range of products and services which were previewed and demonstrated at the Consumer Electronics Show in Las Vegas, January 2010,” said Kevin Meagher, founder CEO of Intamac Systems.