iControl Networks Names Robert Hagerty as Chief Executive Officer Formerly of Polycom, Hagerty to Drive Next Level of Company Growth and Expansion

REDWOOD CITY, Calif., Sept. 28, 2011 /PRNewswire/ -- iControl Networks, a leader in broadband home management, today announced the appointment of Robert (Bob) Hagerty as the company's new CEO.  As CEO, Hagerty will focus on product execution with iControl's existing customer and partner networks, as well as growing the company through new market and partnership opportunities.  Hagerty will replace co-CEOs Jim Johnson and Paul Dawes, both of whom will remain with iControl in leadership positions.  

"Bob has a track record of scaling technology companies by delivering a high-quality experience for both end customers and channel partners," said John Doerr, partner at Kleiner Perkins Caufield & Byers and member of iControl's Board of Directors. "iControl has an expanding customer and partner network, and we are confident that Bob will aggressively and successfully lead the company into the next phase of growth."

Hagerty comes to iControl with more than 35 years of experience in the technology industry. He most recently served as CEO of Polycom, a worldwide leader in video and voice conferencing, and web and data solutions. During his tenure at Polycom, Hagerty increased company revenue from $37 million to $1.1 billion through organic growth and key acquisitions, and held the lead unit market share in video and voice conferencing equipment.

"I am excited to join the iControl team and help the company execute on its vision for bringing advanced broadband home management to millions of homes," Hagerty said.  "The company has already transformed the industry, and with our partners now putting products in homes, we will see an explosion in consumer adoption."

Before joining Polycom, Hagerty held executive roles at several of the world's leading technology companies, including Digital Equipment Corporation, Conner Peripherals and Logitech, Inc.  Bob holds a Bachelor of Science degree in operations research and industrial engineering from the University of Massachusetts, and a master's degree in management from St. Mary's College of California. In addition to his Polycom board membership, Bob served on the board of directors for Palm, Inc. and Modulus, Inc. He currently serves on the boards of Smart Technologies, Inc. and Plantronics, Inc.

About iControl Networks

iControl Networks is a venture-backed software and services company providing interactive solutions that define the broadband home management market. The iControl OpenHome™ Software Platform, an award-winning software solution that has made the Connected Home a reality, enables home security companies, broadband service providers and utilities to offer the next generation of home management, security and connectivity to their customers.  Investors in iControl include Charles River Ventures, Cisco, Comcast Ventures, Intel Capital, the Kleiner Perkins Caufield & Byers iFund, Rogers Communications and Tyco International. For more information, please visit www.icontrol.com.

SOURCE iControl Networks



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