News - Press Releases

Intamac Systems Ltd

Company

The term “digital home” may soon move beyond entertainment devices around the house TVs, VCRs, DVDs, PCs, laptops and mobile phones. For Intamac, the digital home means turning the average house into an intelligent home, a home which is safer and more convenient for the whole family but especially for those most in need of added convenience and safety: the old, the young, the disabled and the infirm. The company's solutions, which are already available through partners including British Telecom and Bell Canada, offer Internet monitoring and control of everything in the home to make it safer - alarms, flood, fire, burglary, power failure, physical threat and door-step aggression. The solutions also make the home easier to live in, as it monitors garage doors, cooking appliances, medical equipment, infirm family members and more. It also allows for remote monitoring: You can be alerted at work if an elderly relative has fallen in the bathroom, or a parent working in the office can monitor a baby-sitter back home. As more parents work and need to keep an eye on their kids remotely, and as the population ages, the digital monitoring and controlling of homes will become even more in demand. Intamac has been identified as one of the Top 100 European Technology Companies for 2006 by worldwide business magazine Red Herring.

Investors

London Seed Capital invested £100,000 and London Business Angels EIS Tracker Fund III £75k. Other investors, including £270,000 from Katalyst Ventures, invested the balance.

Key shareholders include London Seed Capital, Pace Micro Technology, Catapult Venture Managers, Katalyst Ventures, Boon Investors and Ariadne Capital Investors.

Mark Boggett of London Seed Capital comments:

"The London Seed Capital Fund is very pleased to invest in an exciting company that has already shown that its technology is a leader within its industry. Intamac’s end-to-end services enable their partners to provide “true Web 2” features to their own customers. Increasing competition within the broadband provider market will accelerate the range and take-up of bundled services."

Editors Notes

About London Seed Capital

London Seed Capital Limited is one of the six DTI backed Early Growth Funds. LSC is a co-investment fund whereby all investment must be at least matched by business angels. It can invest up to £465,000 in any one company with a maximum of £100,000 in the first round. LSC operates in conjunction with the London Business Angel network (‘LBA’). It is an essential ingredient of LSC’s investment model that as part of the business angel syndicate with which it is investing there is a lead business angel investor with some interest in being involved with the company post investment.

Further information Contact: Mark Boggett (02070892318)