Home Security Deal: iControl Acquires Piper

By: John Honovich, Published on Apr 09, 2014

Almost every month, a new security / surveillance company launches a crowdsourcing campaign. In 2013, one notable startup was Black Sumac's Piper, that raised $300,000 on IndieGoGo for an all-in-one HD fisheye camera, alarm siren, temperature / humidity sensor and a Z-wave hub, for less than $250.

Now, they are being acquired by iControl, a $100+ million Silicon Valley VC funded company.

In this note, we look at the potential of thi deal and its impact on the hot home security / surveillance market.

****** ***** *****, * new ******** / ************ company ******** * ************* campaign. ** ****, *** notable ******* ******** *****'* *****, ********** $***,*** ** ************ *****-**-***** ******* ******, ***** siren, *********** / ******** sensor *** * *-**** hub, *** **** **** $250.

***, **** ******** ******** ** ********, * $***+ ******* Silicon ****** ** ****** company.

** **** ****, ** look ** *** ********* of *** **** *** its ****** ** *** hot **** ******** / surveillance ******.

[***************]

iControl's ***********

******** **** ****** ***** at *** ***** *** of *** ******, ** their *****, "****** **********, ********-******** ********** and ************* *********."

**** ***********, ****** ********'* traditional *** ******** *****, where **** **** * component ** ****************** *****, ***, *******, **********, etc., ******** **** **** Piper **** ***** **** to "****** **** ***, ******** markets **** **** ***** us *** **** ****** to *** ****** ** a **** ********** ******** for ***** *********."

*** ****** **** ** whether ******** **** ****** a ********** ** ***** existing ******** ******* ***** has **** **** ****** to *** ***** ******* any ******* ****, *** elements **** ******* ********* do *** **** ** see **** ***** ****.

Deal ********

**** ** ******** ** be * **** **** for *****:

  • ******* *** **** ***** rather **** ******* ** funding ** * *** sign, ********** ** * market ***** ** ***** is ** ******* *********.
  • ***** ******** ** * privately **** ******* ***** there ** ******** *** 'cashing ***' *** **** Piper's ********* *** ********** will **** ******** ******* iControl ******.
  • ******** ****** *** ****** through ~$*** ******* ** VC ******* **** *** past ****** *** **** not ****** ******** ***** to * ****** ** financial *******.

** *** ********, *** product, ***** ********* ** still **** ***** *****, only ******** ** **** in *** **** *** months. **** ***** ** will ******* *********** ********** development ** **** ** a ***** *********** **** an *********** ******** **** iControl's ******** ******** ****.

**** **** *** *********** mean ******** *** *** the ******** ******** *****, as ***** *** **** active ******** *******, *** this ** **** *** deal.

Comments (6)

This is unlikely to be a good deal for Piper:

Why would CEO Ure be all "incredibly excited" if he got dealt with the short end of the deck? Are you allowed lying in forward looking SEC documents?

"We are incredibly excited that Piper is joining forces with iControl, and look forward to bringing iControl's ecosystem to the next level,” said Russell Ure, CEO of Blacksumac

Here you can not get away with things like that, everyone knows you have to 'Pay the Piper!"

First of all, both are privately held companies, so they can say whatever they want and the SEC has no grounds or authority. This is just a press release.

Secondly, saying he is 'incredibly excited' is just puffery. And, so, yes, what else is he going to say in the press release? "I am bummed that we had to settle for selling out for speculative paper of a company that burned $100 million already."

That said, I am sure he is excited that his project lives on and now has a chance with a bigger company.

Secondly, saying he is 'incredibly excited' is just puffery.

Great word, puffery, didn't know it had such a precise and even legal definition. But as opposed to late-night infomercials and those hocking $1 franklin minted coins for $20, where the puffery is believed by some; who really believes, no offense Tedor, statements like that?

So do they have to say it because we expect to hear a bald face whopper or else we will think he must be beyond pissed, if he won't even have the common courtesy to lie his ass off?

This statement from the release I would guess got more than its share of derision from the Piper developers:

The Piper team will remain located in Ottawa, Ontario, and will immediately benefit from the scalability and robustness of the core iControl OpenHome architecture.

"Yeah, thank god we got that iControl core now with all of its instant scalability, not to mention the fact that we really could use some robustness in our architecture, since we all obviously suck..."

In my experience, executives typically do not write the quotes that are attributed to them. Someone in marketing or PR drafts the full release and the execs generally rubber stamp it.

True that, but my point was more regardless of who invents it, who believes it?

PR people are typically ignorant optimists, so they believe it.

And I don't mean it as a criticism, it's like a good QA person is critical and skeptical.

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Related Reports

San Francisco Face Recognition Ban And Surveillance Regulation Details Examined on May 14, 2019
San Francisco passed the legislation 8-1 today. While the face recognition 'ban' has already received significant attention over the past few...
10 Facial Recognition Providers Review (Secutech) on May 09, 2019
Adding to our 19 Facial Recognition Providers Profiled report from ISC West, IPVM focused on facial recognition technology for our Day 2 coverage...
Proxy Access Control Tested on May 09, 2019
Silicon Valley Access Startup Proxy raised $13.6 Million in May 2019, focusing on mobile physical access control. Beyond the fund raising, Proxy...
Aegis AI Gun Detection Video Analytics Startup on May 07, 2019
Gun detection analytic startups are increasing as the promise of AI and the threats of active shooters grow.  One company, Aegis AI, is being led...
Verkada Cloud VMS/Cameras Tested on May 02, 2019
Verkada is arguably the most ambitious video surveillance startup in many years. The company is developing their own cameras, their own VMS, their...
19 Facial Recognition Providers Profiled on Apr 23, 2019
IPVM interviewed 19 facial recognition providers at ISC West to understand their claimed accuracy, success and positioning. 9 from China, where...
ACRE Acquires RS2, Explains Acquisition Strategy on Apr 19, 2019
ACRE continues to buy, now acquiring RS2, just 5 months after buying Open Options. One is a small access control manufacturer from Texas, the...
ISC West 2019 Report on Apr 12, 2019
The IPVM team has finished at the Sands looking at what companies are offering and how they are changing their positioning. See below for 50+...
Failed Integrator Rollup, Securadyne Sells to Guard Giant Allied on Apr 10, 2019
One of the most ambitious integrator rollups of the decade has reached its conclusion—selling to a mega guard company. Allied Universal has...
UK Installer CCTV Aware - Flat Pricing, No Salespeople on Apr 10, 2019
This is a different kind of company. They do flat pricing, they do not have any salespeople and 50% of their sales are sold and booked...

Most Recent Industry Reports

NJ Law Requires Apprenticeship For Public Works Integrators on May 24, 2019
Few integrators do a formal apprenticeship program. However, now a NJ law is requiring any integrator on public works projects (such as state...
Security / Privacy Journalist Sam Pfeifle Interview on May 24, 2019
Sam Pfeifle is best known as the outspoken former Editor of Security Systems News. After that, he was publications director at the International...
Verkada Video Quality Problems Tested on May 23, 2019
Verkada suffers from numerous video quality problems, not found in commercial IP cameras, new IPVM testing of Verkada vs Axis and Hikvision...
Average Frame Rate Video Surveillance 2019 on May 23, 2019
What is the average frame rated used in video surveillance systems? In IPVM's 2011 statistics, the average was 6-8fps increasing to ~10fps in...
Access Control Job Walk Guide on May 22, 2019
Significant money can be saved and problems avoided with an access control job walk if you know what to look for and what to ask. By inviting...
ASCMA / Monitronics Declares Chapter 11 Bankruptcy Plan on May 22, 2019
Monitronics is entering into Chapter 11 bankruptcy. The company, also called Ascent Capital Group Inc., aka ASCMA, aka Brinks Home Security,...
US Considers Sanctions Against Hikvision and Dahua on May 22, 2019
The US government is considering blacklisting "up to 5" PRC surveillance firms, including Hikvision and Dahua, Bloomberg reported, with human...
Dahua USA Celebrates 5 Years of Errors on May 21, 2019
Dahua USA is, in their own words, 'celebrating' 5 years in North America or as trade magazine SSN declared: Dahua Technology finds success in...
Axis ~$150 Outdoor Camera Tested on May 21, 2019
Axis has released the latest in their Companion camera line, the outdoor Companion Dome Mini LE, a 1080p integrated IR model aiming to compete with...
Covert Facial Recognition Using Axis and Amazon By NYTimes on May 20, 2019
What if you took a 33MP Axis camera covering one of the busiest parks in the US and ran Amazon Facial Recognition against it? That is what the...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact