Technology company Intamac Systems has received £2 million of further investment that includes backing from YFM Equity Partners.

Technology company Intamac Systems has received £2 million of further investment that includes backing from YFM Equity Partners.

Intamac Systems provides web-based software platforms for home automation devices such as security and smart energy for telecommunication and utilities companies.

Its software 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. In the last year Intamac have added Scottish Power and Securitas to their client list that includes British Telecom.  

The Northampton-based company, which was founded in 2000, has closed a rights issue that raised $3.2 million (£2 million) that was backed by existing shareholders and institutional investors.

The investment follows two financing rounds last year that injected a total of £6 million from investors including Chandos Capital Ventures, Seraphim Capital and the Carbon Trust, and comes as the company announces David Perez as the new chief executive.

Perez comments, ‘YFM Equity Partners saw the opportunity to support both the scale-up of our development program, and focus us on helping our customers realise the opportunity. Their straightforward approach and experience have helped with the company’s success and rapid development.’