Control4 Corporation

Control4 Corporation Overview

Company Headquarters: US

Founded: 2003

Workforce: ~1,492

Company Working: Control4 Corporation offers customized networking and automation services to homes and businesses alike. The company’s product portfolio includes controllers, touch screens, wireless keypads, dimmers, switches, outlets, amplifiers & receivers, thermostats, remotes, cameras, locks, panels, routers, lighting modules, and speakers. The company solution offered includes the Control4 home operating system and associated application software, and software development kits (SDKs). The company offers its products to consumers, businesses, hotels, and consumer electronics companies. Control4 Corporation has a strong distribution channel with approximately 5700 retailers, distributors, and custom integrators to market its products in 100 countries. The company has a presence in England, China, India, Serbia, Australia, and California. In 2019, Control4 Corporation was merged with SnapAV.

Strategy

Control4 Corporation focuses on an inorganic growth strategy. The company believes in acquisitions and mergers to expand its product offering and increase its geographic reach. The company also focuses on research and development to innovate its product and service offered. The company also aims at expanding its distribution network worldwide.

Company Snapshot

$0.59M

Revenue

1,492

Employees

2003

Founded

US

Headquarters

SWOT Analysis

Strengths

Wide product portfolio
Diversified geographic presence
Strong distribution network

Weaknesses

Downturn in economic or market condition for instance real estate market

Opportunities

Growing need for automation in building infrastructure

Threats

Intense competition
Foreign currency exchange rate fluctuations

Key Developments

Date	Approach	Development
February 2019	Acquisition	Control4 Corporation acquired Switzerland-based NEEO, the manufacturer of the smart home remote, to accelerate its leadership in delivering remotes, touch panels, keypads, and other smart home devices.
September 2018	Product Development	Control4 Corporation launched a new Control4 KNX solution integrated with KNX support. Integrating KNX products with Control 4 helps in increasing Control4’s product base. The new product line offers enhanced smart home experience in countries such as Australia, China, Germany, Singapore, and the UK.
September 2018	Product Development	Control4 released the latest version of Control 4 OS version 2.10.4. The latest version offers native streaming services which enhance the music streaming experience and provide personalization choices for homeowners.
January 2018	Acquisition	Control4 Corporation acquired intellectual property and key operating assets of Texas-based IHIJI, Inc., a provider of remote management services. By combing both the companies’ network and device management solutions into one unified service platform, Control4 provides thousands of professional integrators with powerful device monitoring and management capability to efficiently and proactively support their connected devices.
September 2017	Product Launch	Control4 Corporation introduced Pakedge WR-1 with BakPak Lite, a high-performance integrated network router and wireless access point with built-in cloud-based network management to provide network stability and better performance.
February 2017	Product Launch	Control4 Corporation introduced a Square Dual Load Wireless Dimmer and Square Dual Load Wireless Switch to smart lighting portfolio to enable dealers around the world to leverage the ZigBee wireless lighting solution for all projects, existing and new constructions.
May 2021	Acquisition	SnapAV acquired Access Networks, the acquisition will broaden SnapAV’s networking portfolio with new products and managed services including system design, configuration, monitoring, and support.
August 2020	Partnership	SnapAV made a strategic distribution partnership with audio component manufacturer Parasound to make 41 Parasound products available to SnapAV customers.
June 2020	Product Launch	SnapAV launched Pakedge MS Series Layer 3 Managed Switches with OvrC. The MS Series is built for professionals and includes five new models engineered to deliver ultimate performance and reliability for today’s high-bandwidth applications.

Product Offering

Control4 Corporation
- Smart Lighting
- Smart Building
- Global Smart Building Market

Financial Performance

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