iControl Networks, Inc. acquires Black Sumac Inc.

Date Closed: 4/7/2014

Value: Undisclosed

iControl Networks, Inc. through its wholly-owned Canadian subsidiary, iControl Networks Canada ULC, acquired all of the issued and outstanding common shares of Black Sumac Inc., the creator of Piper, a Wi-Fi-enabled all-in-one Home Awareness and automation device.  The purchase price for the acquisition was paid through a combination of cash and shares of iControl Networks Inc.

BLG represented the acquiror as Canadian counsel, with a team comprised of Jay Lefton, Paul Simon, Danny Lang, Rob Weir, Sonia Mak, Eric Boehm, Bonnie Freedman, Melanie Warner, James Fu, Andrew Bunston and Liz Ng.