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. The company is based in Tysons, Virginia.
History
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's platform was subsequently developed to include smart home and business software incorporating video monitoring, energy management and other home automation capabilities.In February 2009, Alarm.com was acquired by venture capital firm ABS Capital Partners for $27.7 million.
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.
In June 2015, Alarm.com issued an IPO at $14 a share. ABS Capital Partners and Technology Crossover Ventures, 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.
In 2020, Alarm.com acquired Shooter Detection Systems for an undisclosed sum.
In 2023, Alarm.com acquired EBS. Based in Poland, EBS' headquarters is in Warsaw.
In 2024, Alarm.com reported revenues of $167.3 million and a user base of more than 2.3 million subscribers.