Alarm.com, a platform solution for the connected home and business, completed its previously announced acquisition of two business units, Connect and Piper, from Icontrol Networks after announcing it had reached a settlement with Honeywell, which had sued to stop the deal.
In June 2016, SDM reported that Alarm.com Holdings Inc. had entered into a definitive agreement to acquire two business units, Connect and Piper, from Icontrol Networks for $140 million, and Comcast had agreed to acquire Icontrol’s Converge software platform (www.SDMmag.com/alarmcom-aquire-icontrol-units).