Tag: Steve Trundle
Longtime Alarm.com CFO to retire
February 26, 2025Ken Showers, Managing Editor
TYSONS, Va. — Alarm.com announced during its fourth quarter and year-end webcast that CFO Steve Valenzuela would be retiring, effective June 2, 2025, in what was described as an amicable departure.
The longtime CFO garnered praise from CEO Steve Trundle, who he credited for raising more than $1 billion in cash during his tenure at the company.
“We are very thankful for all of Steve's contributions over the years, which I would like to recognize,” he said. “Steve...
Alarm.com sells ‘advantage’ in tough residential market
February 26, 2025Ken Showers, Managing Editor
TYSONS, Va. — CEO Steve Trundle attributes Alarm.com’s ability to buck trends in residential security to product innovation, including AI-based video analytics capabilities; expanded opportunities in the remote video monitoring (RVM) market; and various growth initiatives.
“In 2024, our North American residential business continued to be the largest component of our diversified business,” Trundle told investors during a recent conference call to discuss the company’s...
Alarm.com touts cross-selling, data mining
May 10, 2024Ken Showers, Managing Editor
TYSONS, Va. — Alarm.com CEO Steve Trundle, in a recent conference call, highlighted the company’s Connected Fleet offering, which it began offering to partners in April and which he says sets the stage for cross-selling opportunities.
The company talked up the offering – a cloud-based vehicle management solution – with partners at ISC West 2024.
“Many of our partners indicated that connected fleets product integration, along with their existing trusted...
Alarm.com sees considerable revenue impact following Vivint arbitration filing
November 16, 2022Ken Showers, Managing Editor
TYSONS, Va. - Nov. 8 saw both Alarm.com and Vivint hold their Q3 earnings calls, but it’s Alarm.com that is left holding the short end of the stick as it has filed for arbitration against the latter.
The aftermath of the Q3 report saw Vivint’s stock surge 20% to close at $8.44 by days end. Alarm.com comparatively slipped in late October after an update provided on a licensing dispute with Vivint that will have a major impact for the company beginning in Q4 and continuing into the next...
Alarm.com acquires OpenEye to expand commercial solutions
October 22, 2019SSN Staff
TYSONS, Va.—Alarm.com announced a majority-stake acquisition of OpenEye, a provider of cloud-managed video surveillance solutions for the commercial market. OpenEye is optimized for enterprise-level commercial customers requiring expansive video recording capabilities, in addition to remote viewing, administration and diagnostic reporting.“OpenEye has consistently demonstrated that they are the unequivocal leader in the video-surveillance-as-a-service space and we are excited to help...
Alarm.com closes on acquisition of business units from Icontrol
March 10, 2017Paul Ragusa
TYSONS, Va.—Alarm.com, a platform solution for the connected home and business, announced on March 8 that it has completed its previously announced acquisition of two business units, Connect and Piper, from Icontrol Networks.Comcast also completed its acquisition of Icontrol, specifically the Converge business, which includes Xfinity Home and creates Internet of Things (IoT) technologies and next-generation platforms for connected home security.The cash consideration paid by Alarm.com for the...
Monitronics prefers Alarm.com
January 20, 2016Spencer Ives
Alarm.com will continue to be the preferred supplier of smart home technology for Monitronics and its dealers, Alarm.com announced today.
“We are committed to giving our customers and dealers the best technology options available and our renewed partnership with Alarm.com positions us to continue to capitalize on the rapidly growing smart home and home automation services category,” Bruce Mungiguerra, SVP of Operations for Monitronics, said in a prepared statement.
“Alarm.com's...
This Blog's on Fire (And Other Stuff)
Interactive services provider gets $136m
July 26, 2012Tess Nacelewicz
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...
This Blog's on Fire (And Other Stuff)
Alarm.com announces milestone
June 29, 2012Tess Nacelewicz
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...
Pinnacle markets low-cost home security camera
May 2, 2011Tess Nacelewicz
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.
Image Sensor, offered in partnership with Alarm.com, is an answer to repeated requests by many Pinnacle residential customers for an affordable security camera for the home, Kelly Walker, CEO of the summer-sales model security company, which is based here, told Security Systems News.
“We believe it's...