Smart home and home security specialist Alarm.com said it had 5 million residential and business subscribers as of March 15, a revised figure that includes Alarm.com’s recent acquisition of Icontrol’s Connect and Piper businesses.

The deal, which closed March 8, also expands Alarm.com’s relationship with ADT, whose Pulse service is based on the Z-wave-based Connect platform. Comcast acquired the Icontrol’s ZigBee-based Converged platform. 

RELATED: Comcast, Alarm.com Divvy Up Icontrol Networks

Alarm.com will serve as “the exclusive provider of services for ADT's professionally installed residential interactive security automation and video offerings for a period of up to five years, subject to certain performance conditions and carve outs,” Steve Trundle, Alarm.com’s CEO, said Wednesday on the company’s Q4 earnings call.

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He said Alarm.com has already begun to integrate Icontrol into its own operations.

Trundle also spent some time explaining how the Connect business model differs from Alarm.com’s legacy business. Connect software, he said, is deployed and operated by the service provider in their own network operations center, meaning that they are on the hook to buy their own server capacity and cellular connectivity, and to manage the deployment with their own network operations personal. Connect charges a monthly per subscriber fee for its software, as Alarm.com does. However, Alarm.com’s historic turnkey business, largely focused on thousands of channel partners, includes all of those aforementioned services in its fee.

Going forward, Alarm.com will take direction from customers if they want to put more emphasis on Alarm.com’s legacy platform or put more of it into the Connect product.

Trundle said Alarm.com is "open minded” about the Piper retail/DIY smart home business. DIY has been a “good business for us,” he said. “We are probably not as conditioned to believe that retail DIY is a great place for us to be. So we're going to look at that carefully and look at the capabilities of the product on the Piper side and see if there's a fit for that product that's more synergistic with our traditional channel strategy.”

Alarm.com posted total revenues of $69.8 million, up 23% versus the year-ago quarter. SaaS and license revenue grew 21%, to $46.9 million.

For 2017, Alarm.com expects revenues of $322 million to $325 million.

Arthur Orduña, an executive and engineer well known in cable circles, has been appointed chief innovation officer of vehicle rental company Avis Budget Group, effective August 29.

In that new role, Orduña will be tasked with working across functions at the company “to deliver state-of-the-art solutions to keep pace with changing customer expectations and to drive sustained, profitable growth,” the company said.

Parsippany, N.J.-based Avis runs more than 11,000 rental locations in about 180 countries. It also runs Zipcar, a top car-sharing network that touts more than 1 million members.

Orduña will report to Avis Budget Group CEO Larry De Shon. “We see innovation as a key enabler for our future success.  Arthur’s role will be to foster a culture of innovation to strengthen our brands and drive our business forward,” De Shon said in a statement.

Orduña is joining Avis from home security and automation giant ADT Corp., where he also served as chief innovation officer.

Orduña, who also had a stint at PayPal, is the former chief product officer of Canoe Ventures, the MSO-backed advanced advertising J.V., and served as SVP, policy and product at Bright House Networks (now part of Charter Communications).