Alarm.com, which makes smart security systems for homes and businesses, will invest $2.6 million to expand its technology research and development division at its Tysons headquarters.
Alarm.com, which makes smart home and business security systemswill invest $2.6 million to expand its technology research and development division at its headquarters in Tysons, Virginia.
The company will hire 180 additional employees as part of its growth.
Alarm.com, headquartered at 8281 Greensboro Drive in Tysons, currently has 700 employees in Virginia and approximately 1,500 employees companywide.
“Alarm.com, which has offices in several other states, chose to make this investment in Virginia because of Northern Virginia’s strong workforce, including its high concentration of STEM workers, many institutions higher education and a desirable quality of life,” said Victoria. Schillinger, vice president of human resources at Alarm.com.
“Only ten years ago, our company was only 10% of the current size, and with our passion for research, development and technology, we look forward to welcoming new talent to our team.”
The company is eligible to receive $700 per new job created, up to $126,000 for 180 jobs, from Virginia Jobs Investment Programonce new hires have been on the company’s payroll for at least 90 days.
Alarm.com, founded in 2000, had total revenue of $749 million last year, a 21.2% increase over 2020 revenue. It forecast revenue of up to $819 million. dollars in 2022.
The Company’s products integrate with Internet of Things devices through applications and interfaces, and include security, video, access control, automation and energy management, such as smart thermostats.
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