Tag: Steve Trundle
Alarm.com leans into AI, platform expansion as Q1 results top expectations
June 17, 2026Cory Harris, Editor
TYSONS, Va.—Alarm.com continues to evolve beyond its roots in residential security, with first-quarter results underscoring the company’s push into artificial intelligence (AI)-driven services, commercial applications and energy management as it builds a broader technology platform.
The company exceeded expectations for the quarter, but executives said they are focused on long-term strategy, particularly the growing role of AI and the expansion...
Yaas to SaaS: Alarm.com seizes software momentum
November 10, 2025Ken Showers
TYSONS, Va. — Alarm.com reported third-quarter revenue for 2025 that exceeded company expectations, driven by strong performance in its EnergyHub platform and software-as-a-service (SaaS) offerings. These areas helped boost recurring subscription sales and offset weaker hardware results.
The company said total revenue rose 6.6%, while SaaS and license revenue climbed 10.1%, both from a year earlier.
EnergyHub’s strategic impact on SaaS
The company’s...
Alarm.com CEO lauds commercial growth initiatives, higher residential revenue retention
May 12, 2025Cory Harris, Editor
TYSONS, Va.—Alarm.com CEO Steve Trundle told investors on a recent conference call that two key factors contributed to increased Q1 2025 revenue numbers that “exceeded our expectations.”
“Our stronger than expected SaaS results were driven by contributions from our growth initiatives in the commercial and energy markets and higher revenue retention on the residential side of the business,” he said.
Software as a service (SaaS) and license revenue...
Longtime Alarm.com CFO to retire
February 26, 2025Ken Showers
TYSONS, Va. — Alarm.com announced during its fourth quarter and year-end webcast that CFO Steve Valenzuela would be retiring, effective June 2, 2025, in what was described as an amicable departure.
The longtime CFO garnered praise from CEO Steve Trundle, who he credited for raising more than $1 billion in cash during his tenure at the company.
“We are very thankful for all of Steve's contributions over the years, which I would like to recognize,” he said. “Steve...
Alarm.com sells ‘advantage’ in tough residential market
February 26, 2025Ken Showers
TYSONS, Va. — CEO Steve Trundle attributes Alarm.com’s ability to buck trends in residential security to product innovation, including AI-based video analytics capabilities; expanded opportunities in the remote video monitoring (RVM) market; and various growth initiatives.
“In 2024, our North American residential business continued to be the largest component of our diversified business,” Trundle told investors during a recent conference call to discuss the company’s...
Alarm.com touts cross-selling, data mining
May 10, 2024Ken Showers
TYSONS, Va. — Alarm.com CEO Steve Trundle, in a recent conference call, highlighted the company’s Connected Fleet offering, which it began offering to partners in April and which he says sets the stage for cross-selling opportunities.
The company talked up the offering – a cloud-based vehicle management solution – with partners at ISC West 2024.
“Many of our partners indicated that connected fleets product integration, along with their existing trusted...
Alarm.com sees considerable revenue impact following Vivint arbitration filing
November 16, 2022Ken Showers
TYSONS, Va. - Nov. 8 saw both Alarm.com and Vivint hold their Q3 earnings calls, but it’s Alarm.com that is left holding the short end of the stick as it has filed for arbitration against the latter.
The aftermath of the Q3 report saw Vivint’s stock surge 20% to close at $8.44 by days end. Alarm.com comparatively slipped in late October after an update provided on a licensing dispute with Vivint that will have a major impact for the company beginning in Q4 and continuing into the next...
Alarm.com acquires OpenEye to expand commercial solutions
October 22, 2019SSN Staff
TYSONS, Va.—Alarm.com announced a majority-stake acquisition of OpenEye, a provider of cloud-managed video surveillance solutions for the commercial market. OpenEye is optimized for enterprise-level commercial customers requiring expansive video recording capabilities, in addition to remote viewing, administration and diagnostic reporting.“OpenEye has consistently demonstrated that they are the unequivocal leader in the video-surveillance-as-a-service space and we are excited to help...
Alarm.com closes on acquisition of business units from Icontrol
March 10, 2017Paul Ragusa
TYSONS, Va.—Alarm.com, a platform solution for the connected home and business, announced on March 8 that it has completed its previously announced acquisition of two business units, Connect and Piper, from Icontrol Networks.Comcast also completed its acquisition of Icontrol, specifically the Converge business, which includes Xfinity Home and creates Internet of Things (IoT) technologies and next-generation platforms for connected home security.The cash consideration paid by Alarm.com for the...
Monitronics prefers Alarm.com
January 20, 2016Spencer Ives
Alarm.com will continue to be the preferred supplier of smart home technology for Monitronics and its dealers, Alarm.com announced today.
“We are committed to giving our customers and dealers the best technology options available and our renewed partnership with Alarm.com positions us to continue to capitalize on the rapidly growing smart home and home automation services category,” Bruce Mungiguerra, SVP of Operations for Monitronics, said in a prepared statement.
“Alarm.com's...