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|Includes: Apple Inc. (AAPL) seeks to take advantage of growing home automation and security sector.

The U.S. cloud-based platform,, has also joined the list of US tech companies seeking for initial public offering (NYSEARCA:IPO) this year. The company plans to raise $75 million get its stock registered at NASDAQ-Global Select (NYSE:GS) market with ticker symbol ALRM, as per filing at SEC. wants to take advantage of growing home automation and security industry by going public. The company has already joined hands with various companies, to increase its offerings. With Apple Inc. and Google Inc. also planning to enter the industry, it is the best time for to go public and establish a sizeable market share.

The filing also suggests that the lead underwriters include, Bank of America Merrill Lynch, Credit Suisse and Goldman Sachs., which was founded in 2000, provides security systems to businesses and homes. The Vienna, Virginia-based company offers an intelligent clouding service that integrates devices with an engine to send access control, energy management, home, interactive security, video monitoring and wellness solutions.

The company is former subsidiary of MicroStrategy Inc. and it was later acquired by a private equity firm ABS Capital Partners in 2009. After three years, Technology Crossover Ventures, a venture capitalist firm, invested $136 million in the cloud-based company.

In 2014 year-end, earnings grew three-fold to $13.5 million, up from $4.5 million in the previous year. Revenues of the company soared 28.5% to $167.3 million last year, compared to $130.2 million in 2013. It expects to fund its working capital and other general corporate plans from the IPO proceeds. said that its subscribers-base stood at 2.3 million at 2014 year-end, majority of which were residential subscribers. The company also provides its services to business, including restaurants and retailers.

The company uses cellular connects aimed to withstand concerns, like power outages and line cuts. In the regulatory filing, highlights the increasing adoption of Internet of things (IoS) technology.

"Security systems, thermostats, door locks, video cameras, lights, garage doors, appliances and other devices that were once inert now have the potential to become sensor-enabled, intelligent and connected," the company said.

So far this year, the IPO market seems to be really strong, most due to the startup tech companies hoping to go public. Such as Baozun Inc., backed by Chinese e-commerce giant Alibaba which raised $110 million in its US IPO. Other renowned tech companies IPOs of 2015 include Apigee Corp, Box Inc, Etsy, Inc, GoDaddy Inc andVirtu Financials, Inc.