MicroStrategy (NASDAQ: MSTR) announced today that Alarm.com, its majority-owned subsidiary and a provider of web-enabled residential and commercial security and activity monitoring technology, was sold to a consortium of investors led by ABS Capital Partners
. As a result of the sale, which was consummated on February 13, 2009, MicroStrategy received $27.7 million in cash in exchange for all of its ownership interest in Alarm.com, subject to customary post-closing adjustments, if any, for the working capital of Alarm.com Incorporated.
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