Alarm.com (News - Alert) recently announced a majority-stake acquisition of OpenEye, a provider of cloud-managed video surveillance solutions for the commercial market. OpenEye is designed to help enterprise-level commercial customers deploy expansive video recording capabilities, remote viewing, administration and diagnostic reporting. Combined with the Alarm.com for Business offering, the company said that service providers partnered with Alarm.com will have access to a solution to accommodate commercial accounts of any size.
OpenEye’s intelligent cloud architecture distributes video and event data for both onsite command center operators and remote administrators. Its hybrid solution reportedly delivers high-resolution long-term storage, low bandwidth consumption, and centralized cloud management for enterprise users. OpenEye is currently in use at more than 14,000 business locations in the U.S. and Canada.
“OpenEye has consistently demonstrated that they are the unequivocal leader in the video-surveillance-as-a-service space and we are excited to help the team continue growing their business,” said Steve Trundle (News - Alert), president and CEO, Alarm.com. “OpenEye has a robust customer and partner list and our top priority is to ensure they all continue to experience great service. The addition of OpenEye will enhance the offerings available to Alarm.com partners in the commercial space. With the ongoing transition from traditional on-premise products to VSaaS, we’re creating new value for subscribers and additional RMR opportunities for our partners.”
With the acquisition, OpenEye will be a subsidiary of Alarm.com. The company will continue operations under the OpenEye brand and be led by the existing management team. OpenEye Web Services will remain an open cloud platform and the company remains committed to expanding its ecosystem of technology partners and integrated devices. Alarm.com intends to further invest in OpenEye’s growth and expand its headquarters presence in Liberty Lake, Wash.
“We’re excited about this next step in our evolution as the leader in cloud-based VSaaS,” said Rick Sheppard, CEO, OpenEye. “Alarm.com is the platform of choice for thousands of service providers that demand innovation and exceptional customer service. Combining their wide array of partner tools and resources with our capabilities will provide our partners with solutions that are second-to-none.”
Ken Briodagh is a storyteller, writer and editor with about two decades of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.
Edited by Ken Briodagh