| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
13 |
| Employees |
238 |
| Revenues (TTM) (Millions $) |
529 |
| Net Income (TTM) (Millions $) |
178 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
12 |
Business Description
Ascent Capital Group, Inc. is a leading provider of security alarm monitoring services and home automation services. Ascent Capital Group is headquartered in Greenwood Village, Colorado, and is publicly listed on the NASDAQ under the ticker symbol "ASCMA".
Ascent Capital Group's subsidiary, MONI, provides residential and business security monitoring and home automation services to more than one million customers in the United States and Canada. MONI's services include 24/7 security monitoring, live video surveillance, smart home automation, and energy management.
The company was founded in 2008 as a holding company for the assets of Vivint, Inc. Vivint was a provider of home automation and home security services, and was acquired by Blackstone Group in 2012. Ascent Capital Group acquired a majority ownership interest in MONI in May 2016 and renamed the company from Monitronics International to MONI.
Ascent Capital Group's management team is led by William Fitzgerald, who has been the company's CEO since 2015. The company employs approximately 3,000 people across the United States and Canada.
In addition to its security and home automation services, Ascent Capital Group also operates a subsidiary called LiveWatch Security, LLC. LiveWatch provides do-it-yourself home security and automation systems, with options for professional monitoring and installation services.
Ascent Capital Group has been recognized for its innovation and leadership in the security industry, receiving awards such as the 2018 IoT Integration Award for Best Security and Monitoring Solution and the 2017 CE Pro BEST Award for its LiveWatch Plug&Protect security system.
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