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Alarm.com, Inc.
Company typePublic
Nasdaq: ALRM
S&P 600 component
Industry
Founded2000; 24 years ago (2000)
HeadquartersTysons, Virginia, U.S.
Key people
  • Steve Trundle (president and CEO)
  • Alison Slavin (VP of product management)
Websitealarm.com

Alarm.com, Inc. is an American technology company that provides cloud-based services for remote control, home automation, and alarm monitoring services.

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 an ecosystem of integrated devices and hardware partnerships.

History

[edit]

Alarm.com was founded in 2000 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 has developed its platform to include smart home and business software that incorporates 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.[2]

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.[3] The company began offering 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.[4]

Alarm.com reported revenues of $167.3 million and a user base of more than 2.3 million subscribers in 2014.[5][2] In 2018, the company reported revenue of $291.1 million.[6]

In 2015, Alarm.com issued an IPO at $14 a share.[2] ABS Capital Partners and Technology Crossover Ventures, which invested $136 million in the company, remained the majority shareholders.[2]

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.[7][8]


References

[edit]
  1. ^ "MicroStrategy Announces Sale of Alarm.com Subsidiary". Dashboard Insight. Archived from the original on 2012-03-31. Retrieved 2011-10-13.
  2. ^ a b c d Armental, Maria (2015-06-26). "Alarm.com's IPO Prices at $14 a Share". Wall Street Journal. ISSN 0099-9660. Retrieved 2016-05-18.
  3. ^ "Securing Your Borders, Remotely - NYTimes.com". NY Times. 30 April 2009. Retrieved 2011-10-13.
  4. ^ "Alarm.com Releases "Extreme Temps" Energy Management Feature". Alarm.com. 2011-11-07. Retrieved 2024-11-01.
  5. ^ a b "Smart-home service provider Alarm.com integrates Apple TV and Amazon Echo into its cloud-based platform". TechHive. Retrieved 2016-05-18.
  6. ^ "SEC Filing | Alarm.com". investors.alarm.com. Retrieved 2019-11-19.[permanent dead link]
  7. ^ "Alarm.com Adding Gunshot Detection to Business Security Solutions, Acquires Shooter Detection Systems" (Press release). Tysons, Va.: Alarm.com Incorporated. 2020-12-14. Retrieved 2021-07-16.
  8. ^ Honovich, John (2020-12-14). "Alarm.com Acquires Shooter Detection Systems". IPVM. Retrieved 2021-07-16.(Subscription required.)


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