|By PR Newswire||
|January 14, 2014 02:00 PM EST||
Cross-License Covers Broad Connected Home Patent Portfolio for Customers
VIENNA, Va. And REDWOOD CITY, Calif., Jan. 14, 2014 /PRNewswire-USNewswire/ -- Alarm.com and iControl Networks announce that they have settled and dismissed all patent infringement lawsuits between the two companies, including litigation involving Telular Corp. and FrontPoint Security.
As part of the agreement, Alarm.com and iControl each retain all ownership and rights to their respective patents and have also expanded their respective portfolios of licensed intellectual property via certain cross-licensing agreements.
The patents included in the cross-license agreement represent some of the earliest, seminal intellectual property for Connected Home technology today. The respective CEOs of each company commented that they were pleased to reach resolution around these serious intellectual property matters and each company is looking forward to refocusing on its customer's deployments.
Alarm.com, founded in 2000, is a leading technology provider of connected home services, powering well over one million residential and commercial installations. Through its connected home platform, millions of people use Alarm.com to help protect and manage the things that matter most – their homes, families, and small businesses. Alarm.com connects a wide range of supported devices across the internet of things to provide an integrated connected home experience through an intelligent cloud-based services platform and easy to use mobile app. Alarm.com solutions are sold exclusively through a network of licensed and authorized Dealer Partners. For more information, please visit www.alarm.com.
About iControl Networks
iControl Networks is a venture-backed software and services company providing interactive solutions defining the connected home market. iControl software platforms, award-winning solutions that have made the connected home a reality, enable home security companies, broadband service providers and utilities to offer the next generation of home management, security and connectivity to their customers. Venture investors in iControl include Charles River Ventures, the Kleiner Perkins Caufield and Byers iFund, and Intel Capital, with strategic investments from a variety of service providers including ADT, Comcast Ventures, Comporium and Rogers Communications. For more information, please visit www.icontrol.com.
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