Exacq co-founders Dan Rittman, Tom Buckley, and David Underwood are back, starting up Qumulex.
In 2000, they sold Integral to Andover (ultimately Pelco / Schneider) for $50 million. In 2013, they sold Exacq to Tyco for $150 million. And in 2017, they exited Exacq.
Company 1 was DVR-based, Company 2 was NVR-based and now Qumulex will be cloud-based.
In this note, based on a conversation with the co-founders, we examine what Qumulex aims to do, their advantage and risks faced, and how they match up against competitors such as Milestone's Arcules and Eagle Eye.