SAFE Security, San Ramon, Calif., acquired from Alarm Funding Associates more than 16,000 CastleRock Security residential and commercial alarm monitoring subscriber accounts, representing approximately $650,000 of recurring monthly revenue (RMR).
“These accounts fit very nicely into our U.S. and Canada footprint,” said Paul Sargenti, SAFE’s president and chief executive officer who founded the company in 1988. “With this acquisition we have more than doubled our account base since 2012. We are well equipped to assimilate them and look forward to providing the highest standard in security services to these new subscribers.”