Alarm.com Completes Majority-Stake Acquisition of OpenEye

Alarm.com announced the completion of a majority-stake acquisition of OpenEye, a provider of cloud-managed video surveillance solutions for the commercial market. The acquisition is intended to expand Alarm.com's addressable market in the commercial space and create a new growth opportunity.

“We also completed the acquisition of OpenEye which will allow us to further expand our addressable market in the commercial space and create another growth opportunity for Alarm.com and our service provider partners.”

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