Alarm.com settles all litigation with Vivint, enters long-term IP license agreement

Alarm.com Holdings, Inc.

Alarm.com and Vivint resolved all outstanding litigation and entered a long-term IP license agreement.
Alarm.com will license its intellectual property portfolio to Vivint.
Litigation previously expected to continue through 2024; settlement removes that uncertainty.
Company will provide 2024 financial guidance, including expected revenue from the deal, in February 2024 earnings report.

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