OpenEye Integration Brings Enhanced Video Verification to Alarm.com Business Security Platform
The integration links OpenEye’s Cloud-managed video platform, OpenEye Web Services, with Alarm.com’s Cloud-based smart business security platform.
The integration links OpenEye’s Cloud-managed video platform, OpenEye Web Services, with Alarm.com’s Cloud-based smart business security platform.
Alarm.com posted quarterly GAAP net income of $16 million or 31 cents per diluted share, compared to $13 million or 26 cents per share year-over-year.
Touted as the first cellular sensor with virtually no range limitations, Alarm.com’s Flex IO uses LTE-M technology to operate anywhere there is LTE coverage and without a panel, hub or WiFi.
The Alarm.com video doorbell uses edge computing and the company’s proprietary AI-driven video analytics engine to detect people approaching the front door.
The acquisition is said to create growth opportunities for service providers in enterprise and other markets.
Alarm.com has been in discussions with ADT to extend its collaboration since Google’s $450 million investment in Big Blue was first announced.
Alarm.com said its third quarter SaaS and license revenue increased 17.9% year-over-year to $100.1 million.
Throughout the season, Alarm.com was seen on the Wizards District jerseys of both the actual and in-game players, as well as around the virtual arena.
The Alliance will develop the Z-Wave standard under new member-driven structure made up of workgroups and committees.
Three industry insiders provide their takes on the implications for the security marketplace and what it means for various competitors.