Alarm.com today announced a majority-stake acquisition of OpenEye, a provider of cloud-managed video surveillance solutions for the commercial market. 

OpenEye, a provider of cloud managed video surveillance solutions, was recognized by Hanwha Techwin with the new STEP Partner of the Year award for its commitment to an open cloud platform. 

 When OpenEye founder and CEO Rick Sheppard began his company, he was a junior at Gonzaga University in Washington State. He started it with a mere $5,000 and a desire to create a company that was competitive, creative, and stayed true to its grassroots beginning. It didn’t take too long for others to join him, although Sheppard said he spent from 1999 to 2000, “convincing the smartest kids I knew to turn down promising jobs elsewhere to help me create a business we would all be proud to dedicate our lives to.” 

 With every video recorder it sells, OpenEye includes ReportStar, its security system health monitoring service, free of charge. ReportStar proactively monitors the health of video surveillance systems and system sensors 24/7. As a cloud-based service, ReportStar can be accessed anywhere there is an Internet connection.

For convenient installation, all OpenEye IP cameras are detected automatically by current model OpenEye recorders and are ONVIF compliant, allowing integration with many other IP recording solutions on the market.