Source: Business Journal
Comcast Corp. is entering the home security and energy management market, targeting the 52 million homes and businesses that look to it for their cable, phones and Internet.
The company will build this new suite of products, dubbed Xfinity Home, on technology from two local startups from Redwood City, iControl Networks Inc. and EcoFactor Inc. The three companies are ushering in a major shakeup of this market, which until now has been very fragmented.Vince Vittore, an analyst with Yankee Group Research Inc., said Xfinity Home could create a broad consumer market for these so-called “smart home” products for the first time.
“There are lots and lots of little companies getting into this market, but no one has stepped in with a big solution just yet,” Vitorre said. “All the research we’ve done indicates that service providers — the telcos and the cable guys — are actually in a fairly good position to provide these services because people think of smart home products as an extension of their broadband.”