Alarm.com Acquires Connect and Piper Business Units from Icontrol Networks

June 23, 2016

Alarm.com Holdings, Inc. entered into a definitive agreement to acquire two business units—Connect (Redwood City, CA) and Piper (Ottawa, Canada)—from Icontrol Networks for approximately $140 million. The deal adds software, hardware and service-provider relationships to Alarm.com's connected-home platform to accelerate R&D, expand product offerings and strengthen relationships with service-provider partners.

Buyers
Alarm.com Holdings, Inc.
Targets
Connect (business unit of Icontrol Networks), Piper (business unit of Icontrol Networks)
Sellers
Icontrol Networks
Industry
Cloud & SaaS
Location
California, United States
Transaction Type
Buyout

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