Control4 acquires Pakedge Device & Software
On Thursday, Control4 announced that it has completed the purchase of Pakedge Device & Software, Inc., a provider of advanced networking products and cloud network-management services for both wireless and wired networking solutions for connected homes and businesses. Control4 said the move brings in-house “deep networking expertise, an industry-leading suite of networking, power management, and cloud-based remote management capabilities,” as well as access to more than 1,100 independent dealers through its expanded sales channel.
Control4 said it acquired Pakedge for around $32.7 million in cash on January 29.
“The connected consumer, connected home, and connected business opportunity is expanding along with the complexities of supporting thousands of different devices and services in homes and business around the world,” Martin Plaehn, Control4 Chairman and CEO, said in a statement. “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.”
To understand the move, all you have to do is look at the market dynamics in the connected solutions space. A network is the foundation of any and everything that is connected. And to ensure that its clients and their clientele are prepared for the ever-expanding requirements of the truly-connected home or business, Control4 wanted to bring in an experienced, established group in the that space.
And they landed on Pakedge.
“Pakedge began 12 years ago with the strategic vision that everything, starting with audio / video systems, will be connected over an IP-based platform,” Victor Pak, Pakedge Founder and CEO, said in the statement. “Our success was driven by a combination of customer focused innovation, engineering excellence, and passionate customers. 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.”
According to the Control4 statement, Pakedge had approximately $18.5 million in sales last year, which was delivered through its professional sales and installation channel of 1,700 independent dealers—560 of which are Control4 certified. Control4 said it intends to fully support the Pakedge line of products, regardless of whether or not they are also Control4 certified dealers.
The Pakedge founders, senior management team, and broader organization will integrate into Control4. The teams in Huntington Beach and Hayward, California, as well as the independent development office in Belgrade, Serbia, will work with Control4 to create, market, and support these integrated solutions for the connected home and business.