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Tim McAdam

Interactive services provider gets $136m

Thursday, July 26, 2012

First, 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 to continue to develop new products.

Here’s more from the news release issued today:

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

“ 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 “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.”
“’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 to continue its growth and build on its track record of innovation.”, 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, helps protect and empower over a million residential and commercial customers throughout North America. 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

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