Tysons’ Alarm.com buys stake in remote video monitoring company

Alarm.com has acquired a majority stake in CHeKT, a Louisiana-based cloud platform for remote video monitoring services, according to a Tuesday announcement by the Tysons home security tech company.

Financial terms of the deal were not disclosed.

According to Alarm.com, the acquisition strengthens its “market opportunity in the emerging professional video monitoring space.”

Moving forward, CHeKT will operate independently, a news release stated. Video solutions offered by Alarm.com and its subsidiary OpenEye will be integrated into CHeKT’s control room software.

“CHeKT is a pioneer and a leader in the RVM space,” Jeff Bedell, president of ventures business and corporate strategy at Alarm.com, said in a statement. “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.”

Strategy, the Tysons tech company formerly known as MicroStrategy, sold its security business to investors in 2009. Alarm.com, which had 1,989 employees at the end of 2023, went public in 2015.