Vienna, VA - December 16, 2014 - Alarm.com, the leading cloud platform for the intelligently connected home, announced today the acquisition of Chicago based Secure-i, Inc., a provider of professional commercial video surveillance services. The strategic acquisition gives Alarm.com a standalone, commercial-grade video offering that includes cloud based hosted services and AXIS Communication's High-Definition (HD) cameras.
The deep alignment between product offerings and commitment to Dealer Partners made the acquisition a perfect fit. With the addition of Secure-i, Alarm.com's services platform now offers advanced solutions for a broad range of market opportunities. Dealers and integrators of both companies can deliver everything from residential smart home solutions to large commercial installations requiring dozens of high-end cameras, multi-site management and a flexible range of secure streaming and recording options.
"Alarm.com is committed to providing our channel partners with the best solutions for both the residential and commercial market segments," said Jeff Bedell, Alarm.com's Chief Strategy and Innovation Officer. "Cloud services continue to dramatically change the way security and automation services are delivered, but the primary focus has been on the home. Alarm.com's acquisition of Secure-i gives us a standalone commercial video solution and it complements other investments we are making to bring a full range of interactive services to the commercial segment."
Secure-i's flexible solution architecture includes a wide selection of high-end commercial grade cameras from AXIS and 24/7 cloud streaming with redundant on-camera and local storage for continuous HD recording. The ability to integrate Secure-i's hosted video solution with Alarm.com's network infrastructure will offer dealers a scalable, fully redundant, easy to install and highly competitive professional hosted video solutions.
"This acquisition lets us maintain our focus on delivering leading solutions and services to our partners," said William Larrabee, the Chief Executive Officer of Secure-i. "The Secure-i team will continue with the same great support to our customers and also offer Alarm.com Dealers the opportunity to extend their solutions to the commercial environment."
The privately held companies did not disclose the financial terms of the acquisition.
Alarm.com, founded in 2000, is a leading technology provider of connected home services, powering millions of residential and commercial installations. Through its connected home platform, millions of people use Alarm.com to help protect and manage the things that matter most – their homes, families, and small businesses. Alarm.com connects a wide range of supported devices across the internet of things to provide an integrated connected home experience through an intelligent cloud-based services platform and easy to use mobile app. Alarm.com solutions are sold exclusively through a network of licensed and authorized Dealer Partners. For more information, please visit www.alarm.com.