Alarm.com Acquires Noonlight, A Next Generation Connected Safety Platform

Rhea-AI Summary

Alarm.com (NASDAQ: ALRM) has successfully completed a majority-stake acquisition of Noonlight, a prominent connected safety and event management platform. Founded in 2013, Noonlight boasts over 3.5 million users and specializes in emergency response capabilities across IoT devices. Alarm.com's Chief Strategy Officer, Jeff Bedell, emphasized the alignment in missions to enhance safety technology. Noonlight will maintain its independent operations from St. Louis under its current management, leveraging Alarm.com's resources to expand its offerings further.

Positive

• Acquisition enhances Alarm.com's portfolio in the connected safety and emergency response sector.
• Noonlight has a substantial user base of over 3.5 million, indicating strong market presence.
• The acquisition allows for potential synergies between Alarm.com and Noonlight, enhancing service offerings.

Negative

• None.

TYSONS, Va.--(BUSINESS WIRE)-- Alarm.com (Nasdaq: ALRM) announced today it completed a majority-stake acquisition of Noonlight, a next-generation connected safety and event management platform that enables new applications and provides enhanced emergency response capabilities.

Noonlight was founded in 2013 to deliver advanced technology that protects and comforts people so they can live freely. The company began as a personal safety mobile application and has grown into a connected safety platform that has organically attracted over 3.5 million Noonlight app users. Noonlight’s software platform enables context aware event management and emergency response for a range of IoT device vendors.

“Noonlight is a demonstrated leader in the personal safety and emergency response space and we’re pleased to bring their entrepreneurial team and leadership into the Alarm.com family,” said Jeff Bedell, Alarm.com’s Chief Strategy and Innovation Officer. “Our investment in Noonlight will help expand its business and continue to provide unmatched services to its markets and customers. Noonlight and Alarm.com have aligned missions to protect people through advanced technology, and we look forward to innovating and leveraging the platform with our partners.”

“We’re thrilled to join the Alarm.com family,” said Zach Winkler, CEO of Noonlight. “They have a unique and successful history of majority-stake acquisitions - empowering innovative companies to continue to operate as an independent business and brand, while still benefiting from Alarm.com’s industry know-how, reputation, expansive resources, networks, and leadership team. We look forward to accelerating our mission and global security offerings with the backing of Alarm.com.”

Noonlight will continue to operate independently as a next generation IoT device monitoring provider, as well as a consumer safety app and brand that millions of users trust. Noonlight’s current management team will continue to lead the business from its headquarters in St. Louis, Mo.

About Alarm.com

Alarm.com is the leading platform for the intelligently connected property. Millions of consumers and businesses depend on Alarm.com's technology to manage and control their property from anywhere. Our platform integrates with a growing variety of Internet of Things (IoT) devices through our apps and interfaces. Our security, video, access control, intelligent automation, energy management, and wellness solutions are available through our network of thousands of professional service providers in North America and around the globe. Alarm.com's common stock is traded on Nasdaq under the ticker symbol ALRM. For more information, please visit alarm.com.

About Noonlight

Noonlight combines advanced technology with real humans to protect and comfort people so they can live freely. Launched in 2013 as a mobile application, Noonlight has grown into a connected safety platform — partnering with products and services to enable modern and affordable 24/7 professional sensor monitoring, video monitoring, and data-rich emergency response via an API. Noonlight’s technology works everywhere in the United States, allowing end users to quickly get help in any situation, without requiring a 911 call or the ability to talk or text. For more information, please visit noonlight.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221019006000/en/

Julie Rollend

Alarm.com Public Relations

jrollend@alarm.com

Source: Alarm.com Holdings, Inc.

FAQ

What is the purpose of Alarm.com's acquisition of Noonlight?

The acquisition aims to enhance Alarm.com's connected safety and emergency response capabilities.

How many users does Noonlight have?

Noonlight has attracted over 3.5 million users since its inception.

Will Noonlight continue to operate independently after the acquisition?

Yes, Noonlight will continue to operate independently while benefiting from Alarm.com's resources.

What are the expected benefits of the acquisition for Alarm.com shareholders?

The acquisition may lead to expanded offerings and increased market presence, potentially benefiting shareholders.

Who is leading Noonlight post-acquisition?

Noonlight's current management team will continue to lead the company from St. Louis.