Alarm.com takes majority stake in CHeKT to enhance remote video monitoring services
Alarm.com (Nasdaq: ALRM) has acquired a majority stake in CHeKT, a cloud-based platform specializing in remote video monitoring (RVM) services for undisclosed terms. CHeKT’s platform, designed for enterprise use, offers subscription-based RVM services that allow central stations and service providers to offer proactive, high-value crime prevention solutions to both commercial and residential customers.
CHeKT has cultivated a robust partner base, and the acquisition strengthens Alarm.com’s market opportunity in the emerging professional video monitoring space, according to an announcement. CHeKT’s intuitive control room operator interface is said to enable proactive video verification and response capabilities, allowing central station operators to evaluate video alarm events quickly and accurately.
Continued Independence for CHeKT
CHeKT’s RVM solution is already embedded into many central stations and offers compatibility with many different video camera brands and other security products. CHeKT will continue to operate independently, and the Alarm.com video solution and the OpenEye enterprise video solution will be fully integrated into CHeKT’s control room software.
With the addition of CHeKT, Alarm.com’s service provider partners can deliver an RVM solution to protect any property type, according to the announcement.
“CHeKT is a pioneer and a leader in the RVM space,” stated Jeff Bedell, Alarm.com president of ventures business and corporate strategy. “CHeKT’s deep industry experience has allowed them to design a comprehensive product that fits in seamlessly with monitoring station workflows. Their technology has attracted an impressive roster of partners, and we look forward to building on that momentum with the CHeKT team.”
Wes Usie, president and founder of CHeKT, stated he is excited to take CHeKT to the next level with Alarm.com.”
“We built the CHeKT platform to help professional security providers deliver a unique and crucial video security solution to their customers. No company delivers on that vision as comprehensively as Alarm.com, making it an ideal outcome for CHeKT to continue to evolve and expand our solutions with them,” Usie said.
Expanding Alarm.com's Proactive Security Solutions
Alarm.com has strengthened its portfolio with a series of strategic acquisitions in recent years. In April 2023, the company expanded its AI capabilities by acquiring substantially all assets of Vintra, a provider of AI-enabled video analytics. A month later Alarm.com acquired EBS, a Warsaw-based manufacturer specializing in smart communicators for security systems and business automation services. Additionally, in October 2022, the company took a majority stake in Noonlight, a connected safety and event management platform that integrates emergency response services.
