Alarm.com buys majority stake in CHeKT (ALRM:NASDAQ)

Alarm.com (NASDAQ:ALRM) has bought a majority stake in CHeKT, a cloud platform for remote video monitoring services.

Financial terms were not disclosed.

The acquisition strengthens Alarm.com’s remote video monitoring offering. CHeKT’s enterprise-ready platform includes subscription-based remote video monitoring services that enable central stations and service providers to deliver high-value, proactive, crime-stopping solutions to commercial and residential subscribers.

Source: Press Release