Alarm.com, a provider of interactive security and connected home services, announced its acquisition of EnergyHub, a manufacturer of energy efficiency products and services for energy utilities, service providers, and end users. EnergyHub has developed and deployed smart thermostat platform, for enabling rapid deployment of demand response and energy efficiency programs that combine highly engaging customer applications with robust program management services.
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.
“We believe that EnergyHub's smart thermostat platform provides the best available solution for powering comprehensive residential demand response and energy efficiency programs,” said Steve Trundle, CEO, Alarm.com. “By working with EnergyHub, we can help make the platform even more valuable to its partners and customers, while also extending the smart grid to today's intelligent connected home.”
“Alarm.com, along with its Dealer Partners, has established an installed base of over one million connected homes,” said Seth Frader-Thompson, President of EnergyHub. “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.”