Comcast Corporation CMCSA 2.07% and AlarmCom Hldg Inc ALRM 0.28% announced the two companies will be acquiring and splitting up Icontrol, an Internet of Things home security company.

Comcast is reportedly buying Icontrol’s Converge platform, which “powers the Xfinity Home touchscreen panel and back-end servers, allowing them to communicate with and manage security sensors in the home, as well as supporting home-automation devices like cameras and thermostat.”

Alarm.com will be taking over Icontrol’s enterprise home security business Connect and its camera and security system Piper.

Comcast’s stock showed very little reaction to the news, but Alarm.com’s stock surged more than 11 percent on Thursday.

The Benzinga News Desk first reported…

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