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Steve Trundle

Interactive services provider gets $136m

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Thursday, July 26, 2012

First, Alarm.com recently announced a milestone—that it has more than 1 million subscribers. Now the 12-year-old Vienna, Va.-based provider of interactive security services has announced that it has $136 million in new funding, made by a leading provider of capital to growth-stage technology companies.

The company says the investment from Technology Crossover Ventures (TCV) will enable Alarm.com to continue to develop new products.

Here’s more from the news release Alarm.com issued today:
 

The investment will allow Alarm.com to continue to focus on developing and delivering the most innovative products in the market. TCV General Partner Tim McAdam will join Alarm.com’s Board of Directors along with the existing investor ABS Capital Partners.

“Alarm.com is pleased to welcome TCV as a new partner in the business and we are thrilled to have Tim joining our Board of Directors”, said Steve Trundle, CEO of Alarm.com. “TCV’s well established track record of growth investments in software and technology companies will be a strategic asset for us. We look forward to continued focus on developing new and innovative products and growing our business.”
“Alarm.com’s best of breed software services and device management platform has established the company as the premier solution provider of interactive security services,” said TCV General Partner Tim McAdam. “We are excited to work with Alarm.com to continue its growth and build on its track record of innovation.”

Alarm.com, founded in 2000, is the industry leading technology provider of interactive security, automation and energy management solutions. Through its proven technology platform and advanced wireless, mobile and web-based solutions, Alarm.com helps protect and empower over a million residential and commercial customers throughout North America. Alarm.com delivers interactive security, video monitoring, home automation and energy management to users exclusively through a network of thousands of licensed and authorized Dealer Partners. For more information, visit the company's website at www.alarm.com.

I've reached out to the company to learn more about what this new capital will mean for Alarm.com and its dealer partners. Stay tuned to our site.

Alarm.com announces milestone

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Friday, June 29, 2012

In its early years, Alarm.com had so few customers that it used to ring a bell in the office every time one signed up, in order to get employees motivated, Steve Trundle, company president and CEO, said this week at the ESX show in Nashville.

But now the 12-year-old Vienna, Va.-based provider of interactive security services has far too many active subscribers to announce each one individually. So the company held a party at the show so Trundle could announce just how many: more than 1 million as of this past April.

He said at the show that the figure is a milestone not just because it’s so large, but because it shows mainstream consumer adoption of interactive services.

Here’s more from a news release the company sent out yesterday about the subscriber milestone:
 

This represents over 1 million properties and millions of individual users protected and empowered by Alarm.com and its Partners. The Alarm.com Partner community has grown its user base significantly year-over-year through a dedication to innovative technology that improves the security and overall user experience for its customers.

This milestone signifies the mass market adoption of interactive services. The consumer expectation of a security system has evolved and Alarm.com and its Partners have led the way with industry leading technology and services that meet the new customer demands.

Alarm.com has helped to revolutionize the way people interact with their homes and businesses by enabling interactive security, energy management, video monitoring and home automation. The vast majority of Alarm.com subscribers are on Interactive Services accounts and are deeply engaged with their security solution. With such large scale adoption, interactive services have expanded the purpose of what was traditionally only an intrusion security solution and become an everyday part of users' lives.

"Our recent report projects that US revenues for smart home systems and services will hit $7.6 billion this year, driven in part by consumers' desire for enhanced security and control systems with mobile apps, self-controlled lights, thermostats, locks and cameras such as those offered by Alarm.com," said Bill Ablondi, Director of Smart Home Strategies at research firm Strategy Analytics. "Alarm.com has shown a consistent ability over the past several years to anticipate market trends -- and then develop products and services enabling dealers to meet the evolving needs of their customers."

Over twelve years ago the company created the first completely wireless web-enabled interactive security services and has continued to drive innovation and deliver industry firsts year after year. The company's one-millionth subscriber comes on the tail of recent key announcements including its launch of image sensor services, location-based services, a partnership with Verizon Wireless, and the release of its native iPad app and native Windows mobile app to expand its full suite of mobile integration.

Pinnacle markets low-cost home security camera

Company first to offer Alarm.com’s Image Sensor: motion sensor with camera that takes still pictures
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05/02/2011

OREM, Utah—Pinnacle Security today announced it is the first to market the Image Sensor, a motion detector with a built-in camera that transmits still images through a smartphone mobile app.