Is Alarm.com about to dominate the smart home software market?
That is what Honeywell alleges in its new lawsuit, first reported by CEPro.
Honeywell's complaint declares:
As a result of the proposed acquisition, Alarm.com would have approximately a 70% share in the market for the provision of Remote Services for dealer installed security systems. The creation of such concentration, which would injure competition, stifle innovation, and result in higher prices to consumers, is presumptively illegal. [emphasis added]
Inside this post, we share Honeywell's full complaint / filing, analyzing its claims (including Honeywell going open, their fears about being 'crippled', the critical role of ADT and Qolsys, the 'vicious cycle' they face) and its potential impact in the fast growing and critical smart home segment of the alarm / RMR business.
[Update: The lawsuit is settled. Analysis Inside.]