Federal Contractors | Technology 2024: STEPHEN TRUNDLE

Trundle has led Tysons-based home security tech company Alarm.com since May 2003, coming aboard from its founding parent company, MicroStrategy, where he served as chief technology officer. MicroStrategy sold the spinoff security business to investors in 2009, and Alarm.com, which now has 2,000 employees, went public in 2015.

Alarm.com has become known for its rapid expansion as the market for connected home and business security services has increased. In 2020 and 2021, it was named to Fortune magazine’s list of the top 100 Fastest Growing Companies, marking a 22% growth rate from the previous three years and bringing in $639 million in revenue in 2021. In fiscal 2023, its revenue increased to $881.7 million, an increase of 4.6% from 2022.

In December 2023, Alarm.com settled a patent infringement lawsuit with rival Vivint, with Alarm.com saying it would license its intellectual property portfolio to Vivint. Alarm.com had filed the suit in January 2023 alleging that Vivint infringed on 15 of its patents for smart home products. The settlement removed an overhang for Alarm.com stock.

Trundle holds a bachelor’s degree in engineering and government from Dartmouth College.