Alarm.com will continue to be the primary supplier of smart home technology and connected security services to Monitronics International and its more than 600 authorized dealers.
Vienna, VA and Dallas, TX - January 20, 2016
- Monitronics International, a subsidiary of Ascent Capital Group (Nasdaq: ASCMA) and the nation's second-largest residential security provider, along with Alarm.com (Nasdaq: ALRM), the leading platform for smart home and connected security technology, announced today that they have extended their technology partnership. Alarm.com will continue to be the primary supplier of smart home technology and connected security services to Monitronics and its more than 600 authorized dealers.
Leading security and smart home service providers like Monitronics choose Alarm.com for its market leadership, advanced technology, proven cloud services and robust Partner Services platform. With first-to-market technology like VoLTE based two-way voice capabilities, an extensive smart home ecosystem, millions of residential and business subscribers and over 25 million connected devices, Alarm.com offers unmatched scale, technological leadership and reliability.
"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," said Bruce Mungiguerra, Senior Vice President of Operations for Monitronics. "Alarm.com's partner services are also key to efficiently supporting and managing accounts across our dealer programs, and help deliver the exceptional customer experience that is so important to our business."
Purpose built for security dealers, Alarm.com's Partner Services Platform provides comprehensive customer acquisition programs, streamlined installation apps, remote troubleshooting and support capability, as well as strategic insights into business performance to enhance retention through ongoing customer lifecycle management. These tools combine to deliver exceptional customer service and increased lifetime value of accounts.
Steve Trundle, Alarm.com's President and CEO said "We place great value on our long-term strategic partnership with Monitronics and we are excited to reaffirm our commitment going forward so that we can each provide great services to the leading independent security dealers in North America. We believe combining our leading smart home technology with Monitronics' highly scalable operating platform will provide each company with a great opportunity to continue to expand adoption of smart home capabilities."
Alarm.com is the leading cloud-based platform solution for the smart home. Every day, millions of people depend on Alarm.com's technology to help protect and manage the things that matter most – their homes, families, and small businesses. A broad ecosystem of IoT devices are easily controlled through a single, intuitive app and automated through intelligent analytics to help keep homes safer, smarter, and more efficient. Our innovative smarter home security, video, and energy management solutions are available through our network of thousands of professional service providers. Alarm.com is traded on the Nasdaq under the ticker symbol ALRM. For more information, please visit www.alarm.com.
A subsidiary of Ascent Capital Group, Inc. (NASDAQ:ASCMA), Monitronics International, headquartered in Dallas, TX, is the nation's second largest home security alarm monitoring company, providing security alarm monitoring services to more than one million residential and commercial customers in the United States, Canada and Puerto Rico through its network of nationwide, independent Authorized Dealers.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by their use of terms and phrases such as "anticipate," "believe," "continue," "enable," "expect," "will," and other similar terms and phrases, and such forward-looking statements include, but are not limited to, the statements regarding the successful development of the Company's relationship with Monitronics as well as market adoption of the Company's platform and connected home solutions. The events described in these forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated by these forward-looking statements, including, but not limited to: the Company's ability to retain service providers and subscribers and grow sales, the Company's ability to manage its growth and execute on its business strategies, the effects of increased competition and evolving technologies, the Company's ability to integrate acquired assets and businesses, consumer demand for interactive security and home automation services, the reliability of the Company's network operations centers, the Company's reliance on its service provider network to attract new customers and retain existing customers, the reliability of the Company's hardware and wireless network suppliers, future financial prospects, and other factors discussed in the "Risk Factors" section of the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 12, 2015 and other filings the Company makes with the Securities and Exchange Commission from time to time. In addition, the forward-looking statements included in this press release represent the Company's views as of the date hereof. The Company anticipates that subsequent events and developments may cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so except as required by law. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date hereof.
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