Tag: My Alarm Center
Alert 360 and My Alarm Center announce merger
December 2, 2021SSN Staff
TULSA, Okla. and NEWTOWN SQUARE, Pa.—Alert 360, one of the largest providers of monitored home security and home automation solutions, and My Alarm Center, a leading provider of technologically advanced security and smart home automation solutions, announced they have entered into a definitive merger agreement.
The combined company creates a leading operator in the highly fragmented smart security industry. Funds managed by Invesco will be the majority owners of the combined business...
My Alarm Center announces new additions to sales leadership
July 26, 2021SSN Staff
NEWTOWN SQUARE, Pa.—My Alarm Center, a leading provider in residential home security, has announced the addition of two new sales leaders.
Darren Goodman has been hired as the company's Senior Vice President of Sales, and David Corio, previously Senior Director of Operations, has been promoted to Regional Vice President of ACS Security, the company's brand located in Los Angeles. Goodman and Corio will be essential to accelerating the company's growth...
My Alarm Center to restructure under Chapter 11 protection
April 29, 2021SSN Staff
NEWTOWN SQUARE, Pa.—Home security provider, My Alarm Center, filed for Chapter 11 protection this week, with 100 percent of its senior lenders and other key stakeholders agreeing to support the company’s prepackaged plan of reorganization that provides for elimination of approximately $235 million of legacy debt obligations, the company told Security Systems News.
My Alarm Center said it will continue to operate in the “ordinary course of business” during the restructuring...
My Alarm Center promotes Anastasia Bottos to president and COO
February 3, 2021SSN Staff
NEWTOWN SQUARE, Pa.—My Alarm Center (MAC) announced the promotion of Anastasia Bottos to the role of President & COO, and will continue her reporting relationship to company CEO Amy Kothari, out of the Philadelphia-area-based corporate headquarters.
Bottos currently serves as COO and Chief Strategy Officer, where she oversees, and will continue to oversee, all operations, strategy, legal licensing/compliance and M&A activity. During her nearly 16 years, MAC has grown from being a small acquirer...
My Alarm Center expands executive and leadership teams
October 10, 2018SSN Staff
NEWTOWN SQUARE, Pa.—My Alarm Center has expanded its executive leadership team to support recent company growth and future initiatives. Frank Iovino, formerly SVP of national sales, has been promoted to chief revenue officer and Carole Dalton, formerly SVP of human resources, is now chief human resource officer. Both will continue to report to company president and CEO Amy Kothari.“2018 was a significant growth year for My Alarm Center and these executive appointments will best position...
HAWK Security opens new office
February 28, 2018Paul Ragusa
FORT WORTH, Texas—HAWK Security Services, a member of the My Alarm Center family of brands based here, recently announced the opening of its newest office in Plano, Texas, joining the company's existing Texas branches in Fort Worth, Tyler, Houston and San Antonio.“We are thrilled to be opening our fifth office in Texas,” Megan MacDonald, VP of marketing, told Security Systems News in an email interview. “Hawk has experienced tremendous growth and continues to set the bar high...
My Alarm Center partners to offer more personal safety
February 14, 2018Spencer Ives
NEWTOWN SQUARE, Pa.—My Alarm Center recently announced a new partnership with personal safety device manufacturer ROAR for Good; the company's Athena device can sound an alarm and alert contacts if a user feels unsafe.“Both organizations are extremely passionate about keeping people safe, both in their homes and outside their homes, and that makes for a really good partnership,” Megan MacDonald, vice president of marketing at My Alarm Center, told Security Systems News.The Athena...
Oaktree Capital Management buys My Alarm Center
July 26, 2017Spencer Ives
NEWTOWN SQUARE, Pa.—My Alarm Center, a national home security and automation provider based here, was recently sold to global investment firm Oaktree Capital Management, headquartered in Los Angeles. The deal closed on July 14.“We kicked off an effort to recapitalize the business about a year ago, looking to strengthen our financial position, our balance sheet, and give us a better opportunity to grow our business,” Amy Kothari, My Alarm Center's president and CEO, told Security...
How I Use My System: Megan MacDonald
January 23, 2017Spencer Ives
Megan MacDonald, VP of marketing for My Alarm Center, has been with the company for two years now. She manages marketing and communications for all of the company's brands “including our regional branches, our B2B brand, as well as LivSecure, which is our dropship, Do-It-Yourself product.” Security Systems News spoke with MacDonald in December about her home alarm system.What kind of system do you have?I have a Qolsys system, which I actually put in during our testing for LivSecure. LivSecure...
My Alarm Center secures $10m in additional funding
October 26, 2016Paul Ragusa
NEWTOWN SQUARE, Pa.—My Alarm Center, a residential security and home automation provider, recently secured $10 million in additional funding, giving the company increased capabilities on the acquisition front and in its growth organically.Led by Ironwood Capital and supported by Alcentra, Saratoga Investment Corporation, NXT Capital and OFS Capital, the $10 million is additional second-lien debt, an increase of the $50 million second-lien term loan to $60 million, with the proceeds going to...