M&A Deal Summary

Alarm.com Acquires Piper

On June 23, 2016, Alarm.com acquired technology hardware company Piper from iControl Networks

Acquisition Highlights
  • This is Alarm.com’s 2nd transaction in the Technology Hardware sector.
  • This is Alarm.com’s 1st transaction in Canada.
  • This is Alarm.com’s 1st transaction in Quebec.

M&A Deal Summary
Date 2016-06-23
Target Piper
Sector Technology Hardware
Buyer(s) Alarm.com
Sellers(s) iControl Networks
Deal Type Divestiture

Target

Piper

Ontario, Quebec, Canada
Piper is a designer, producer and sells a Wi-Fi-enabled video and home automation hub.

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Buyer(S) 1

Buyer

Alarm.com

Tysons, Virginia, United States
Category Company
Founded 2000
Sector Safety/Security
Employees2,002
Revenue 882M USD (2023)
DESCRIPTION
Alarm.com's office in Bloomington, Minnesota.
Alarm.com's office in Bloomington, Minnesota.

Alarm.com is a provider of cloud-based services for remote control, home automation and monitoring services. Alarm.com's multi-tenant software-as-a-service, or SaaS, platform enables home and business owners to intelligently secure their properties and automate and control a broad array of connected devices through a single, intuitive user interface. Alarm.com was incorporated in 2000 and is headquartered in Tysons, Virginia.

DEAL STATS #
Overall 4 of 10
Sector (Technology Hardware) 2 of 2
Type (Divestiture) 2 of 3
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-23 iControl - Connect

Redwood City, California, United States

iControl - Connect is a provider of interactive security and home automation platform that powers several service providers' solutions including ADT Pulse® with over 1.6 million subscribers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-13 ObjectVideo

Reston, Virginia, United States

ObjectVideo, Inc. is a developer of intelligent video surveillance software for physical security applications.

Buy -

Seller(S) 1

SELLER

iControl Networks

Redwood City, California, United States
Category Company
Founded 2003
Sector Internet Software and Services
DESCRIPTION

iControl Networks, Inc. is a provider of connected home solution for every household, so people worldwide spend less time managing their lives and more time living them.

DEAL STATS #
Overall 2 of 2
Sector (Technology Hardware) 2 of 2
Type (Divestiture) 2 of 2
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-23 iControl - Connect

Redwood City, California, United States

iControl - Connect is a provider of interactive security and home automation platform that powers several service providers' solutions including ADT Pulse® with over 1.6 million subscribers.

Sell -
Mergr

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