Alarm.com buys out its owners for $27.7 million
Summary
Web-based security firm Alarm.com said today it has completed a $27.7 million management buyout of the company’s majority owner, MicroStrategy. Alarm.com’s technology lets consumers and businesses receive alerts via email, text message, or voice mail from alarm triggers at their homes or businesses. The company has 150,000 customers and its products are available from 800 North American dealers. The company recently launched a remote video monitoring solution that sends alerts to a mobile phone. The Tysons Corner, Va.-based company was founded in 2000 as a research and development project inside MicroStrategy.
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Alarm.com
$1M to $5M