Deal Type: Growth financing
Exit: Sale to financial buyer
During 2012, Genesis Park led a financing round for ipDatatel, an innovator in the home security and home automation industries. The company engineers and manufactures innovative Internet-ready and cellular devices that connect existing security alarm systems to a suite of interactive services. The company’s products integrate with leading systems including Honeywell, DSC, and GE. ipDatatel’s communication platform provides remote arm/disarm, programming and servicing of security systems along with control of connected smart home devices such as lights, locks, thermostats, garage door openers and IP video. Its SecureSmart App is available on both iOS and Android smartphones and tablet devices. ipDatatel provides its products through alarm distributors and also provides product and services support. Today, ipDatatel is known as Alula.