Alarm.com

Last updated
Alarm.com, Inc.
Company type Public
Nasdaq:  ALRM
S&P 600 component
Industry
Founded2000;25 years ago (2000)
Headquarters Tysons, Virginia, U.S.
Key people
  • Steve Trundle (president and CEO)
  • Alison Slavin (VP of product management)
Website alarm.com

Alarm.com, Inc. is an American technology company that provides cloud-based services for remote control, home automation, and alarm monitoring services. The company was founded in 2000 as a spinoff from MicroStrategy (now Strategy Inc.). The company is based in Tysons, Virginia.

Contents

History

Alarm.com was founded in 2000 [1] as part of MicroStrategy's research and development unit and launched an interactive security program that enabled remote monitoring and arming for a disarmed security system in 2002. The company's platform was subsequently developed to include smart home and business software incorporating video monitoring, energy management and other home automation capabilities.[ citation needed ]

In February 2009, Alarm.com was acquired by venture capital firm ABS Capital Partners for $27.7 million. [2]

In early 2010, the company began offering energy management, allowing users to remotely control heating and cooling on their property using mobile apps or via the company's website. [3] [ citation needed ]

In June 2015, Alarm.com issued an IPO at $14 a share. [4] ABS Capital Partners and Technology Crossover Ventures, which invested $136 million in the company, remained the majority shareholders. [4]

In 2016, Alarm.com integrated its cloud-based connected home platform with Amazon's Echo wireless speaker and voice-command devices, as well as the HomeKit-compatible Apple TV. [5]

In 2020, Alarm.com acquired Shooter Detection Systems for an undisclosed sum. [6]

In 2023, Alarm.com acquired EBS. Based in Poland, EBS' headquarters is in Warsaw. [7]

In 2024, Alarm.com reported revenues of $167.3 million and a user base of more than 2.3 million subscribers. [5] [4]

Services

Alarm.com offers a cloud-based platform for smart home and business operating systems. The platform enables subscribers to secure and monitor their properties via web-based and mobile applications, as well as through integrations with Apple TV, Amazon FireTV, Google Home and Amazon Alexa. [8] Monitoring services may involve contracts through third-party contractors such as ADT. Services include interactive security, video monitoring, energy management and home automation, and are enabled through various hardware and device partnerships.[ citation needed ]

References

  1. ↑ "Alarm.Com Holdings Inc". Wall Street Journal. Retrieved 27 January 2025.
  2. ↑ "MicroStrategy Announces Sale of Alarm.com Subsidiary". Dashboard Insight. Archived from the original on 2012-03-31. Retrieved 2011-10-13.
  3. ↑ "Alarm.com Releases "Extreme Temps" Energy Management Feature". Alarm.com. 2011-11-07. Retrieved 2024-11-01.
  4. 1 2 3 Armental, Maria (2015-06-26). "Alarm.com's IPO Prices at $14 a Share". Wall Street Journal. ISSN   0099-9660 . Retrieved 2016-05-18.
  5. 1 2 "Smart-home service provider Alarm.com integrates Apple TV and Amazon Echo into its cloud-based platform". TechHive. Retrieved 2016-05-18.
  6. ↑ https://www.securitysales.com/news/alarm-com-gunshot-detection-shooter-detection-systems-buy/122399/
  7. ↑ https://ebssmart.com/newsroom/ebs-has-been-acquired-by-alarm-com-a-global-leader-in-smart-home-and-business-security
  8. ↑ "Securing Your Borders, Remotely - NYTimes.com". NY Times. 30 April 2009. Retrieved 2011-10-13.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.