Alarm.com Acquires EnergyHub
May 16, 2013 (Close-Up Media via COMTEX) --
Alarm.com, a provider of interactive security and connected home services, announced its acquisition of EnergyHub, a supplier of demand response and energy efficiency products and services for energy utilities, service providers, and end users.
According to a release, EnergyHub has developed and deployed Mercury, a software platform for enabling rapid deployment of demand response and energy efficiency programs that combine highly engaging customer applications with program management services.
Alarm.com said that EnergyHub will continue to operate as an independent company, led by its founder and President, Seth Frader-Thompson and the existing management team. With a focus on providing its partners and customers with a scalable and secure energy management platform, EnergyHub will continue to expand its customer base and further develop its services platform to meet the growing demands of the market.
Alarm.com CEO Steve Trundle said, "We believe that EnergyHub's Mercury platform provides the best available solution for powering comprehensive residential demand response and energy efficiency programs. We are pleased to directly support EnergyHub in its mission to deliver innovative solutions to today's energy and environmental challenges. By working with EnergyHub, we can help make the Mercury platform even more valuable to its partners and customers, while also extending the smart grid to today's intelligent connected home."
EnergyHub President Seth Frader-Thompson said, "Alarm.com, along with its Dealer Partners, has established an installed base of over one million connected homes. We are incredibly excited to connect our utility partners with Alarm.com's Dealer Partners and subscribers. With the full backing of Alarm.com, we are focused on continuing to accelerate our growth."
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