Vienna-based Alarm.com, focusing on its international growth, will enter the European market for smart-home technology and security systems through a partnership with Swedish-based security services company Securitas AB.
Financial terms of the partnership weren't disclosed.
Alarm.com's smart-home technology will be supported by the Securitas brand, Alarm.com said.
Alarm.com has said international growth is a key part of its growth strategy. The company is currently in Latin America, Australia, New Zealand, South Africa and the Caribbean. In September, it launched in Turkey.
Alarm.com (NASDAQ: ALRM), which raised $112 million in its June initial public offering, had $51.9 million in second quarter revenue, up 23 percent from a year earlier.
The company reports third quarter results next week.
Financial terms of the partnership weren't disclosed.
Alarm.com's smart-home technology will be supported by the Securitas brand, Alarm.com said.
Alarm.com has said international growth is a key part of its growth strategy. The company is currently in Latin America, Australia, New Zealand, South Africa and the Caribbean. In September, it launched in Turkey.
Alarm.com (NASDAQ: ALRM), which raised $112 million in its June initial public offering, had $51.9 million in second quarter revenue, up 23 percent from a year earlier.
The company reports third quarter results next week.