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Alarm.Com

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Submitted By iraklii666
Words 1363
Pages 6
Introduction

This paper will discuss the Business Model of Alarm.com, Inc, US-based technology company that provides cloud based services for remote control, home automation and monitoring service. The company’s technologies are video monitoring, energy management, interactive security and home automation (BloombergBusiness, 2016) Alarm.com offers residential and business wireless security systems and moreover users of Alarm.com are able to monitor their premises through video using web services (e.g. mobile apps and web-based application) (New York Times, 2009).

History

Alarm.com was founded in 2000 and is based in Tysons Corer, Virginia (Business Bloomberg, 2016). According to Alarm.com timeline (2016) the company started reinventing security and invented new way of monitoring and managing security systems in homes. People are able remotely to monitor and manage their home security which means this is revolutionizing the technique of how security & smart home services worked. As per Alarm.com timeline (2016) in 2000 company established launched 1st interactive security solutions and introduced 1st nationwide dedicated GSM cellular connection, which allows customers to monitor anywhere anytime. After seven years of creating the company, the business expanded into energy management service that allows remotely control heating and cooling. During next four years’ company added new devices and intelligence to the service. Also Alarm.com made 1st LTE smart home connection. Nowadays company trying to move towards the next generation of smart home technology and released the smart thermostat and the first smart home app for Apple Watches. Furthermore, Alarm.com was founded as a business unit of another company and it is now stand-alone company, which went to public (Armental, 2015).

Customers. Who they are

Alarm.com announced 2.3 million subscribers of

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