VIENNA, Va. and STOCKHOLM, Sweden, Nov. 5, 2015 (GLOBE NEWSWIRE) -- Today, Alarm.com (Nasdaq:ALRM) and Securitas AB announced a strategic partnership to launch Alarm.com's cloud-based security and automation services in Europe.
The two companies will collaborate to bring a wide range of state of the art residential and commercial security applications to market. Supported by the Securitas brand, Alarm.com's smart home solutions will be offered through partner sales channels. With a focus on delivering an exceptional customer experience, Securitas AB and Alarm.com are aligning product and processes and plan for a phased European launch during 2016.
"Security services are driving the adoption of smart home technology today and partnering with a global brand like Securitas is a strong fit for our international strategy," said Reed Grothe, Alarm.com Senior Vice President of Global Business Development. "Our proven platform and commitment to innovation will help Securitas to introduce the latest in security technology to consumer sales channels."
"The business partnership with Alarm.com gives Securitas a new sales channel in Europe to generate monitoring and mobile patrol sales growth." says Olle Lindskog, Director Business Development Alarm Services, Securitas Security Services Europe.
Alarm.com's award winning services and top-rated mobile app deliver a seamless user experience across a broad ecosystem of security, energy, video and automation devices. Alarm.com's services are sold exclusively through authorized partners. Leading security and smart home service providers choose Alarm.com's technology for its advanced smart home features, proven cloud platform and professional services to create an exceptional customer experience.
Alarm.com is the leading cloud-based platform 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.
About Securitas AB
Securitas is a global knowledge leader in security. From a broad range of services of specialized guarding, technology solutions and consulting and investigations, we customize offerings that are suited to the individual customer's needs, in order to deliver the most effective security solutions. Everywhere from small stores to airports, our 320,000 employees are making a difference.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to the plans of Securitas AB and Alarm.com to implement pilot programs later this year in preparation for a for a phased European launch during 2016 and to Alarm.com's ability to help Securitas introduce the latest in security technology to consumer sales channels. 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 our ability to collaborate successfully with Securitas to align our product and processes to achieve a phased European launch during 2016, the risk of unexpected delays due to regulatory and technical factors, uncertainties regarding legal restrictions on data-sharing, and other factors discussed in the "Risk Factors" section of Alarm.com's Quarterly Report on Form 10-Q filed with the SEC on August 14, 2015 and other filings Alarm.com will make with the SEC from time to time. In addition, the forward-looking statements included in this press release represent Alarm.com's views as of the date of this press release. Subsequent events and developments may cause its views to change. However, while Alarm.com 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 Alarm.com's views as of any date after the date of this press release.