Interested in learning what's next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit Next. Learn more.


Web-based security firm Alarm.com said today it has completed a $27.7 million management buyout of the company’s majority owner, MicroStrategy.

The buyout was led by ABS Capital Partners, a late-stage growth investor, with participation from Alarm.com management and the private equity firm Egis Capital. The cash deal closed Feb. 13.

Alarm.com’s technology lets consumers and businesses receive alerts via email, text message, or voice mail from alarm triggers at their homes or businesses. The alerts can tell you if your liquor cabinet has been opened or the basement is flooded, for example. The company has 150,000 customers and its products are available from 800 North American dealers.

The company recently launched a remote video monitoring solution that sends alerts to a mobile phone. Some people might find that creepy. But others are bound to monitor it the way they do Twitter.

Event

MetaBeat 2022

MetaBeat will bring together metaverse thought leaders to give guidance on how metaverse technology will transform the way all industries communicate and do business on October 3-4 in San Francisco, CA.

Register Here

The Tysons Corner, Va.-based company was founded in 2000 as a research and development project inside MicroStrategy. It launched its first web-based security product in 2003. It has 30 employees.

GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. Learn more about membership.