Technology company Intamac Systems has secured £4 million from investors including Chandos Capital Ventures, Seraphim Capital and the Carbon Trust.
Technology company Intamac Systems has secured £4 million from a syndicate of investors including Chandos Capital Ventures, Seraphim Capital and the Carbon Trust.
Northampton-based Intamac was founded in 2000, and has developed software that allows customers to monitor and control technology in their home or office, such as security cameras and home energy monitors. These can be operated remotely, online and via mobile devices.
The company has already deployed its web-based platform for clients in Europe, North America and Australia, including British Telecom and Technicolor. The new funding will be used to support international growth and launch new products.
Kevin Meagher, founder and CEO of Intamac, says that the backing from the Carbon Trust’s investment arm reflects the advantages of automated energy management technologies for reducing costs and carbon emissions.
Adds Meagher: ‘We are opening new channels with an exciting new range of products and services which were previewed and demonstrated at the Consumer Electronics Show in Las Vegas in January 2010.’
Adam Workman, a partner at Carbon Trust Investment Partners adds, ‘Intamac’s technology opens up a new level of energy management to consumers, helping improve energy efficiency and carbon savings in the home. We’re delighted to be making this investment in a market that has huge potential for growth in the UK and abroad.’