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| Cortexa Technology Announces Strategic Alliance with Convia Cortexa Technology has entered into a strategic alliance with Convia, a provider of modular, programmable electrical and data building infrastructure for commercial buildings. As part of the strategic alliance, Convia will hold a financial interest in Cortexa LLC. Terms of the transaction were not disclosed. Cortexa will work to integrate elements of Convia's technology that are applicable to the residential market - an initial area of focus will target energy monitoring and management systems. Founded in 2006 and headquartered in Chicago, Convia is dedicated to offering customers agile and programmable environments, which allow for radically flexible spaces. The signature Convia product is an electrical infrastructure that replaces the traditional "pipe and wire" approach to delivering electric in a space. It allows for the complete virtual rewiring of an entire floor or building in just minutes. Additionally, it has an embedded lighting control, enabling sophisticated energy savings strategies to be implemented in a space at a lower cost of traditional methods. Launched to exploit the rapidly emerging market for home control systems, Cortexa designs, manufactures and markets home control systems that integrate and manage all major systems within the home: security, HVAC, video surveillance, audio distribution, lighting, irrigation and consumer electronic devices such as TVs, DVDs, DVRs etc. Founded in 2004, the privately-held company has developed an innovative yet affordable home control system, which may also be fully integrated with Microsoft Media Center for seamless integration of home control and home entertainment systems. In 2000, the market for home control products was estimated at $700 million. By 2009, analysts expect the market to jump to $3.2 billion. Companies such as Cisco, Dell, H-P, Apple, Intel and Microsoft are investing in marketing and product development to facilitate the convergence of information and technology and to educate consumers about the benefits of these systems. write your comments about the article :: © 2007 Computing News :: home page |