Tuesday, June 23, 2015

Wake Up Early For The Alarm.com IPO

Alarm.com notes that according to a Parks Associates report, ALRM had nearly 50 percent more subscribers than the next largest platform in North America in the fourth quarter of 2014. In 2010, the company served 0.5 million homes and businesses and grew that number to 2.3 million by the end of 2014. Between 2010 and 2014, the company grew at a 46 percent compound annual growth rate, and for the first quarter of 2015, the rate of SaaS and license renewals grew between 91 percent and 94 percent.

The company intends to use the proceeds of the IPO for working capital and other general corporate purposes.

From the article "Wake Up Early For The Alarm.com IPO" by Don Dion.

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