Alarm.com, Inc is an American technology company that provides cloud based services for remote control, home automation and monitoring services. Monitoring services can include contracts through third-party contractors such as ADT. Services include interactive security,

video monitoring Closed-circuit television (CCTV), also known as video surveillance, is the use of video cameras to transmit a signal to a specific place, on a limited set of monitors. It differs from broadcast television in that the signal is not openly tr ...

, energy management and home automation, and are enabled through an ecosystem of integrated devices and hardware partnerships. 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 MicroStrategy Incorporated is an American company that provides business intelligence (BI), mobile software, and cloud-based services. Founded in 1989 by Michael J. Saylor, Sanju Bansal, and Thomas Spahr, the firm develops software to analyze i ...

research and development Research and development (R&D or R+D), known in Europe as research and technological development (RTD), is the set of innovative activities undertaken by corporations or governments in developing new services or products, and improving existi ...

unit, and launched an interactive security program 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 software that include video monitoring, energy management and a range of home automation capabilities. In February 2009, Alarm.com was acquired by

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to start-up company, startups, early-stage, and emerging companies that have been deemed to have high growth poten ...

firm

ABS Capital Partners ABS Capital Partners is an American private equity firm focused on investments in software and tech-enabled services businesses across a range of industries, including FinTech, Healthcare, EdTech, eCommerce, cybersecurity, and Smart Cities. F ...

for $27.7 million. In 2015, Alarm.com filed for an initial public offering and went public that June. Alarm.com provides a cloud-based platform for smart home and business operating systems. 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. The company began offering energy management in early 2010, allowing users to remotely control heating and cooling on their property using

mobile app A mobile application or app is a computer program or software application designed to run on a mobile device such as a phone, tablet, or watch. Mobile applications often stand in contrast to desktop applications which are designed to run on ...

s or via the company's website. Alarm.com reported revenues of $167.3 million and a user base of more than 2.3 million subscribers in 2014. In 2018, the company reported revenue of $291.1 million. In 2015, Alarm.com issued an IPO at $14 a share.

and

Technology Crossover Ventures TCMI, Inc. better known by the name TCV (Technology Crossover Ventures) is an American investment firm based in Menlo Park, California. The firm mainly invests in public and private growth-stage companies in the technology industry. Backgroun ...

, which invested $136 million in the company, remained the majority shareholders. 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 An apple is an edible fruit produced by an apple tree (''Malus domestica''). Apple trees are cultivated worldwide and are the most widely grown species in the genus '' Malus''. The tree originated in Central Asia, where its wild ancestor, ...

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

References

2000 establishments in Virginia Security companies of the United States Home automation companies American companies established in 2000 Technology companies established in 2000 Companies based in Vienna, Virginia Companies listed on the Nasdaq 2015 initial public offerings {{Tech-company-stub