- Alarm.com ( NASDAQ: ALRM ) on Wednesday said it had completed a majority-stake acquisition in Noonlight, a connected safety and event management platform.
- Terms of the deal were not disclosed.
- "Noonlight’s software platform enables context aware event management and emergency response for a range of IoT device vendors," ALRM said in a statement .
- Noonlight has attracted over 3.5M app users, ALRM added.
- The company will continue to operate independently and its current management team will continue to lead the business.
- Alarm.com ( ALRM ) stock earlier closed -1.1% at $63.42.
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Alarm.com takes majority stake in Noonlight, a connected safety platform