Alarm.com and Vivint Settle Litigation, Enter into License Agreement
December 28 2023 - 3:05PM
Business Wire
Alarm.com (Nasdaq: ALRM) and Vivint announce they have resolved
all outstanding litigation between them and entered into a
long-term intellectual property license agreement under which
Alarm.com will license to Vivint its intellectual property
portfolio.
Except as required under the rules of the Securities and
Exchange Commission, no other information shall be provided
regarding the settlement of these matters.
About Alarm.com
Alarm.com is the leading platform for the intelligently
connected property. Millions of consumers and businesses depend on
Alarm.com's technology to manage and control their property from
anywhere. Our platform integrates with a growing variety of
Internet of Things (IoT) devices through our apps and interfaces.
Our security, video, access control, intelligent automation, energy
management, and wellness solutions are available through our
network of thousands of professional service providers in North
America and around the globe. Alarm.com's common stock is traded on
Nasdaq under the ticker symbol ALRM. For more information, please
visit www.alarm.com.
About Vivint
Vivint, an NRG company, is a leading smart home company in the
United States, delivering an integrated smart home system with
in-home consultation, professional installation, and support
delivered by its Smart Home Pros, as well as 24/7 customer care and
monitoring. Dedicated to redefining the home experience with
intelligent products and services, Vivint serves over 2 million
customers throughout the United States. For more information, visit
https://www.vivint.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231228668691/en/
Alarm.com Investor Relations: Matthew Zartman ir@alarm.com
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