iControl Networks and EcoFactor Partner to Open Homes to Smart Energy Management

REDWOOD CITY, Calif., Sept. 25, 2013 /PRNewswire/ -- iControl Networks, a leader in connected home technology and innovation, and EcoFactor, a leading provider of cloud-based home energy services, are partnering to deliver a smart energy service that integrates energy devices and appliances with data analytics about HVAC energy usage on iControl's open, device-agnostic platform. EcoFactor will be joining the iControl OpenHome™ Partner Program to offer a big data and predictive analytics service layer that allows service providers to deliver the highest energy control and savings to their consumers. EcoFactor's award winning service has been fully integrated into iControl's platform, and already powers the recently launched EcoSaver service, a new cloud-based solution for Comcast XFINITY Home customers that helps reduce their energy use and saves money on their utility bills year-round.  

"EcoFactor adds advanced energy management capabilities across our entire device ecosystem," said Jim Johnson, senior vice president and general manager of iControl's Austin Division. "Our vision is to give consumers a 360 degree view of their energy usage, as well as the tools to make smart energy decisions with the touch of a button. This partnership is making that vision a reality."

iControl Networks' open platform connects certified energy management devices to EcoFactor's data analytics algorithms that optimize and automate thermostats and other energy management devices. With reach through an expanding network of service providers that offer smart home solutions, the energy management service is already available to over 50 million households in North America. In addition, the EcoFactor service enables customers to keep track of their HVAC energy use and savings anytime via the service provider's web portal.

"Our expertise in data-driven energy services helps service providers to simultaneously deliver significant energy savings as well as enhanced comfort," said John Steinberg, executive vice president of business development at EcoFactor. "Offering fully automated energy management to consumers who have access to the iControl solution is a big step toward our goal of making effortless savings available to everyone."

The EcoFactor smart energy management service is compatible with the iControl Converge™ and iControl Touchstone™ deployment solutions. For more information on iControl's OpenHome Partner Program for hardware and application developers, please visit www.icontrol.com/partners.

About iControl Networks
iControl Networks is a venture-backed software and services company providing interactive solutions defining the broadband home management market.  iControl software platforms, award-winning solutions that have made the Connected Home a reality, enable home security companies, broadband service providers and utilities to offer the next generation of home management, security and connectivity to their customers. Venture investors in iControl include Charles River Ventures, the Kleiner Perkins Caufield and Byers iFund, and Intel Capital, with strategic investments from a variety of service providers including ADT, Comcast Ventures, Comporium and Rogers Communications. For more information, please visit www.icontrol.com

About EcoFactor
EcoFactor's cloud-based analytics platform unlocks the value of residential data to intelligently predict and automate energy savings for consumers. Patented software analyzes data from various sources such as network connected thermostats, weather data, and consumer interactions, and applies optimization algorithms tailored to the unique characteristics of individual homes and of homeowners.  Our residential energy services achieve maximum demand response load shed, delivers superior energy efficiency savings, and detects and prevents HVAC failures.  Our services are purchased by consumers through channel partners including Comcast, Reliant Energy, NV Energy, and Sacramento Municipal Utility District.  Based in Redwood City, California, EcoFactor is privately held and funded by Claremont Creek Ventures, RockPort Capital Partners and Aster capital. www.ecofactor.com.

SOURCE iControl Networks