Alarm.com

Alarm.com, Inc.
Public
Traded as
Industry Security systems, remote monitoring, home automation, energy management
Founded 2000
Headquarters Vienna, Virginia, U.S.
Key people
 Steve Trundle (President and CEO)
Alison Slavin (Co-Founder, VP of Product Management)
Website alarm.com

Alarm.com, Inc is a US based technology company that provides cloud based services for remote control, home automation and monitoring services. Services include interactive security, video monitoring, energy management and home automation, and are enabled through an ecosystem of integrated devices and hardware partnerships. Services are distributed exclusively through a network of authorized and licensed service providers. Alarm.com's common stock is traded on Nasdaq under the ticker symbol ALRM.

History

Alarm.com was founded in 2000 as part of MicroStrategy's research and development unit, and launched an interactive security solution that enabled remote monitoring and arming for a disarmed security system in 2002. The company has since expanded its platform to offer integrated smart home and business solutions that include video monitoring, energy management and a range of home automation capabilities. In February 2009, Alarm.com was acquired by venture capital firm ABS Capital Partners for $27.7 million.[1] In 2015, Alarm.com filed for an initial public offering and went public that June.

Distributed through a network of authorized service provider partners, Alarm.com provides a turnkey cloud-based platform that enables its partners to bring smart home and business solutions to market. Subscribers can secure and monitor their property through web-based and mobile applications, as well as through Apple TV, Amazon FireTV, Google Home and Amazon Alexa.[2] The company expanded into energy management in early 2010, allowing users to remotely control heating and cooling on their property using mobile apps or via the company's website.[3]

Alarm.com reported revenues of $167.3 million and a user base of more than 2.3 million subscribers in 2014.[4][5] In 2017, the company reported revenue of $236.3 million and a user base of more than 5.5 million subscribers.[6]

In 2015, Alarm.com issued an IPO at $14 a share.[5] ABS Capital Partners and Technology Crossover Ventures, which invested $136 million in the company, remained the majority shareholders.[5]

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.[4]

References

  1. ↑ "MicroStrategy Announces Sale of Alarm.com Subsidiary". Dashboard Insight. Retrieved 2011-10-13.
  2. ↑ "Securing Your Borders, Remotely - NYTimes.com". NY Times. Retrieved 2011-10-13.
  3. ↑ "Alarm.com Releases "Extreme Temps" Energy Management Feature". Yahoo News. Retrieved 2011-10-13.
  4. 1 2 "Smart-home service provider Alarm.com integrates Apple TV and Amazon Echo into its cloud-based platform". TechHive. Retrieved 2016-05-18.
  5. 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.
  6. ↑ http://www.alarm.com/about/press/PressGeneric.aspx?cmid=532
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