British Gas and AlertMe Agreed Strategic and Commercial Partnership
AlertMe has signed a commercial and strategic partnership with British Gas, one the UK’s leading utility supplier last month as it went through a second round of investing, raising a total of £15 million. British Gas has invested £5.7 million for a 15.96 percent stake in AlertMe, making it a key investor along with VantagePoint Venture Partners, Index Ventures, Good Energies and SET Venture Partners. British Gas’s stake will give them a seat on the board of AlertMe.
Global economic recession and sharp drop in real estate market impacted the home automation sector in 2009. The luxury category, a mature segment of the market comprising solutions worth over $50,000, received the maximum impact of the turmoil. However, the market is likely to witness growth in the year 2010.
Built on Intel’s energy efficient Atom processor with more connection interfaces and software improvement, HomeSeer has released the HomeTroller S3, an upgrade to its predecessor the HomeTroller S2. The HomeTroller S3 has positioned it self as a premiere home automation solution for home entertainment, security, appliances, lighting and HVAC.
The Carbon Design Group has collaborated with