A new report by Innovation Observatory, more than $378 billion will be collectively invested in building electricity smart grids by 2030. Sources: Http://Xrl.Us/Bii2sf http://xrl.us/bigqfh

Tuesday, February 15, 2011

Read: Cisco ties knot with Control4 for smart home

February 15, 2011 5:32 AM PS by Martin LaMonica


Cisco Systems has invested in Control4 and intends to use Control4's home automation software in large deals with utilities and cities.
The deal, announced today, calls for Cisco to sell Control4 products, such as its home energy management dashboard, under the Cisco brand and to create closer ties between the two companies' products. Cisco invested an undisclosed amount but was the lead investor in a recent round of private funding in Salt Lake City-based Control4.
Control4's software is like an operating system for connected devices in a home, including consumer electronics, home appliances, lights, and thermostats, said company CEO Will West. Having access to Cisco's sales force and relationships with cities and utilities will accelerate the move to the connected home and home automation, he said.


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