Alarm.com Loses Patent Infringement Case Against SecureNet
A jury found SecureNet Technologies had not infringed three patents and that no damages for lost profits and reasonable royalties were due to Alarm.com.
A jury found SecureNet Technologies had not infringed three patents and that no damages for lost profits and reasonable royalties were due to Alarm.com.
The smart home services platform provider reported its adjusted EBITDA jumped 47% year over year to $14.3 million.
Find out the implications of the merger and what it means for the SHaaS (smart home as a service) landscape.
The defendants claim Honeywell defines the relevant security and home automation market too narrowly.
SSI spoke with several industry observers who commented on allegations by Honeywell that Alarm.com’s acquisition of two Icontrol divisions would result in a monopoly.
Icontrol and Alarm.com combined would control 70% of the market for interactive security and home automation.
The research firm suggests service providers will have to offer flexible billing models in order to preserve growth in the smart home market.
The additions, achieved through cloud-based integration, include the LG smart refrigerator, SkyBell HD video doorbell and Bttn smart button.
Comcast and Xfinity Home acquired Icontrol’s Converge software platform; Alarm.com purchased its Connect and Piper home automation technologies.
Medium reports the sides are in discussions. Some assets of Icontrol would go to Alarm.com and others to Comcast.
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