ipDatatel, a Sugar Land, Texas-based company that designs, engineers and manufactures innovative Internet-ready home area network (HAN) wireless devices for security, home automation and heating, ventilation and air conditioning (HVAC) industries, closed a $2.85m growth funding.
The round was led by Genesis Park, L.P. and Tchoupitoulas Partners, with participation from existing investors.
The company intends to use the capital to scale operations as it further penetrates the security installation and original equipment manufacturer (OEM) market.
Founded in 2007 by Russell Vail, CEO, and Kurt Burr, COO, ipDatatel develops devices that connect existing and new manufacturers’ alarm system controls to the Internet and HAN connections, turning smartphones and wireless-based devices into multi-functional, portable controls. In particular, the company provides alarm installers, service providers and equipment manufacturers with an enhanced product suite to offer additional capabilities and tools to their customer base.
FinSMEs
15/01/2013