|[May 10, 2013]
Alarm.com Announces Its Acquisition of EnergyHub
VIENNA, Va. --(Business Wire)--
the leading provider of interactive security and connected home
services, today announced its acquisition of EnergyHub,
an industry leader for demand response and energy efficiency products
and services for energy utilities, service providers, and end users.
EnergyHub has developed and deployed Mercury, the industry's most
comprehensive software platform for enabling rapid deployment of demand
response and energy efficiency programs that combine highly engaging
customer applications with robust program management services.
EnergyHub will continue to operate as an independent company, led by its
founder and President, Seth Frader-Thompson and the existing management
team. With a focus on providing its partners and customers with a
scalable and secure energy management platform, EnergyHub will continue
to expand its customerbase and further develop its services platform to
meet the growing demands of the market.
Alarm.com (News - Alert) CEO Steve Trundle said, "We believe that EnergyHub's Mercury
platform provides the best available solution for powering comprehensive
residential demand response and energy efficiency programs. We are
pleased to directly support EnergyHub in its mission to deliver
innovative solutions to today's energy and environmental challenges. By
working with EnergyHub, we can help make the Mercury platform even more
valuable to its partners and customers, while also extending the smart
grid to today's intelligent connected home."
EnergyHub President Seth Frader-Thompson said, "Alarm.com, along with
its Dealer Partners, has established an installed base of over one
million connected homes. We are incredibly excited to connect our
utility partners with Alarm.com's Dealer Partners and subscribers. With
the full backing of Alarm.com, we are focused on continuing to
accelerate our growth."
Founded in 2000, Alarm.com is the industry leading technology provider
of connected home solutions. With over one million interactive
is the largest connected home platform, offering a breadth of services
including interactive security, video monitoring, energy management and
home automation. From lights, thermostats and locks, to door, window and
motion sensors, to garage doors and small appliances, it's all connected
and can be controlled through a single, easy to use app. Alarm.com helps
consumers manage the expanding Internet of Things through its in-home
communication devices and Cloud Services. Through the application of Big
Data to improve the intelligence and performance of the services,
Alarm.com is leading the next generation of connected home technology.
Alarm.com services are delivered exclusively through a network of
thousands of licensed and authorized Dealer Partners. For more
information, visit the company's website at www.alarm.com.
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