Alarm.com (Nasdaq: ALRM) said it acquired a majority-stake in Noonlight, a next-generation connected safety and event management platform that enables new applications and provides enhanced emergency response capabilities.
Launched in 2013 as a mobile application, Noonlight has grown into a connected safety platform, partnering with products and services to enable professional sensor monitoring, video monitoring and data-rich emergency response via an API. The company’s technology is said to work throughout 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. The company claims it has organically attracted more than 3.5 million app users.
"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."
Noonlight will continue to operate independently as an IoT device monitoring provider, as well as a consumer safety app. Noonlight’s current management team will continue to lead the business from its headquarters in St. Louis.
"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."
Terms of the transaction were not disclosed.