Control4 acquires Pakedge

Control4 Corporation has expanded its networking portfolio with the acquisition of Pakedge Device & Software.

Control4 will now oversee Pakedge's range of networking, power management and cloud-based remoted management products, and sales channel of over 1,100 independent dealers. The estimated $32.7 million deal ( 29.2.m) was finalised on January 29, 2016, with Control4 expecting the move to boost revenue growth on behalf of the increased connectivity and device support its systems can offer.

Commenting on the acquisition, Martin Plaehn, Control4 chairman and CEO, said: By embracing networking as an expanded core-competency, integrating it tightly with our entertainment and automation capabilities, and delivering a single cloud-based reporting and management solution, Control4 will be able to harness the expanding opportunity, bring more simplicity to the complicated, and increase satisfaction for our end customers.

Packedge's founders, senior management team and wider organisation are joining the Control4 team. Its 12-year portfolio includes products including network platform Pakedge Connect+, advanced software Pakedge Zones and cloud-based management tool BakPak. Its platform-architecture approach allows scalable and closely defined integration with third-party devices from different manufacturers, and fits with how Control4's architecture integrates third-party products.

Victor Pak, Pakedge founder and CEO stated: Pakedge began with the strategic vision that everything, starting with audio/video systems, will be connected over an IP-based platform. He concluded: Control4 shares our corporate philosophy and strategic vision. Joining together is a logical and exciting step to accelerate the realization of that vision for our customers.

Control4 will support the Pakedge product line for all dealers, including non-certified Contol4 dealers with cross-training and cross-certifying for both product ranges on offer for dealers who wish to represent both. Pakedge dealers will continue to order from its dealer portal, while Control4 dealers will now order the most popular Pakedge products via the Control4 dealer portal, which will soon expand to offer the full Pakedge line.

The combined Control4 and Pakedge dealer channel now includes more than 4,700 dealers.

Pakedge joins AV distributor Leaf and home automation software partner Extra Vegetables in the list of recent acquisitions made by Control4.

LINK:	http://www.inavateonthenet.net/news/article/control4-acquires-pakedge...
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