Alarm.com, a company providing security and home automation products, has filed for an initial public offering (IPO) and is looking to raise up to $75 million through the offering, as per documents filed with the US Securities and Exchange Commission. The company is trying to make headway in the market for smart homes before more established companies such as Google Inc (NASDAQ:GOOGL) and Apple Inc. (NASDAQ:AAPL) hit the home automation market. The S-1 filing lists Credit Suisse, Goldman Sachs, and Bank of America Merrill Lynch as key underwriters.
Alarm.com was founded in 2000, and for the last five years has been trying to penetrate the home automation sector, inking deals with other service providers to offer products to consumers to enable them to automate their homes. The automation entails controlling lights, appliances, door locks, and other things remotely.
The effective and rugged ERWEN-6E 19-inch wall rack enclosure has been designed for getting equipment up off the floor and on the wall where space is at a premium and floor standing equipment racks just won't do. VMP designed the ERWEN Series wall mounted racks for both form and functionality, especially with the security and AV installer in mind. With adjustable front and rear rails, removable hinged back panel, and a reversible glass front door, the ERWEN-6E is the answer to the most demanding rack mount requirements. Additional features of the ERWEN-6E wall rack enclosure include welded steel construction, ships fully assembled, works with all standard 19-inch rack equipment and accessories, 16 inches of usable depth, rails have numbered spaces with standard 10-32 threading, vented top and bottom, top and bottom cable routing knockouts, removable side panels (with optional locks), load capacity - 120 lbs, black powder coat finish, 2-fan kit (ERWEN2FANKIT; optional), product dimensions: (W x D x H): 24.3in x 21.9in x 14.5in, product weight: 50 lbs.