18th February 2009
Multi-million dollar acquisition for Alarm.com
Domain name news brought to you by DescriptiveDomainNames.com
Premium generic domain name Alarm.com has announced that it recently bought out its majority owner.
The company acquired MicroStrategy in a $27.7 million cash payment last Friday, with assistance from private equity firm Egis Capital.
Steve Trundle, chief executive officer of the generic domain name, stated: "Alarm.com is now in an optimal position to ensure that our security industry partners and customers will continue to have the most advanced and cost-effective security and monitoring technology solutions."
Using email notifications, text messages and voicemails, Alarm.com alerts individuals and businesses to break-ins or disasters that have triggered alarm systems around the office or home.
In 2003, it became the first firm to implement a digital wireless signalling solution including PDA technology and internet-based security monitoring.
Similar firms that are hoping to create an increased online presence may like to consider buying up some valuable internet real estate and purchase a similar name, such as Offices.com or AlarmSystemMonitoring.com.
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