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Nortek to buy 2GIG for $135m

Deal includes five-year supply agreement with Vivint
 - 
02/14/2013

PROVIDENCE, R.I.—Nortek, parent company of Linear, announced this morning that it will acquire 2GIG Technologies for $135 million.

Vivint announces new campus, new solution

 - 
Wednesday, June 21, 2017

In the past couple of weeks, Vivint has made two announcements. The first announcement, which came out on June 13, was about the company’s new facility. Then, on June 20, Vivint announced its new solution for property developers and managers—Vivint Smart Properties.

According to Vivint’s announcement, the new facility will be a 43,000-square-foot building, capable of housing up to 400 employees and includes a demo home equipped with a Vivint smart home system, a full-size basketball court, fitness center and six training rooms, including a technical training room and a hands-on product training room.

“We look forward to tapping into the strong business and engineering talent of the Utah State University community and contributing to Utah’s growth as a tech hub,” Alex Dunn, president at Vivint Smart Home, said in a prepared statement.

"We are very pleased to provide space for Vivint Smart Home on the USU Innovation Campus," Noelle Cockett, Utah State University president, said in the announcement. "The center will afford employment opportunities for people in Cache Valley, including USU students. Also, we anticipate USU research and outreach faculty engaging with Vivint R&D personnel in areas of common interest," Cockett continued.

Vivint Smart Properties will bring smart home devices to single- or multi-family rental properties, marketed specifically toward property managers. Harrison Jenkins, senior director of product integrations, told Security Systems News that this program is essentially “taking what we’ve been offering to single-family residential homeowners for years and making it accessible to renters. So, [that includes] lights, locks, thermostats, doorbell cameras, security.”

The customer, property managers, looks a little different from the company's typical customer, Jenkins noted. “It’s just a different model for us, but I think we have a good understanding of how it needs to happen and we’re ready to deploy it.”

Tom Few, Vivint Smart Home's vice president of business development, described how the new offering benefits both renters and property managers.

“We believe that it’ll help drive occupancy, it’ll help drive net operating income with increased rents,” Few told SSN. “I believe that it allows the renter to have control of their apartment, whether it be through video, door access, thermostats, lighting. These are all things that people are becoming accustomed to having and I think it’s going to be an amenity that’s going to attract more renters to that property.” 

Vivint has dedicated that is focused on property managers, developers and owners, according to Few. “We are presenting the opportunity to them, we are getting to the decision makers, and … everybody that we have spoken to has been happy to talk to us and interested in the offering,” he said. “Now, it’s just about creating that demand and actually deploying it.”

Vivint partners with Best Buy

Partnership will help Vivint’s branding and exposure
 - 
05/10/2017

PROVO, Utah—A new partnership between Vivint and Best Buy will allow consumers to shop for Vivint smart home products in a physical store, in the same way they can purchase other consumer electronics, and the smart home and security company plans to be in more than 400 Best Buy stores by the end of October.

Smart home presence up at CES 2017

 - 
Wednesday, January 11, 2017

LAS VEGAS—With the 2017 edition of the Consumer Electronics Show wrapping up on Sunday, it is always fun to see what technology trends are coming out of the show and how these will influence the security industry.

Over the past few years, the smart or connected home has made its way into the fabric of the show, growing in size and presence each year. Many prominent companies in the industry made big announcements at the show this year, including some notable unveils from ADT, Vivint, Alarm.com, Nortek Security & Control, Bosch, and Z-Wave Alliance, which featured its Z-Wave Experience Smart House demo area.

Vivint CMO Jeff Lyman told Security Systems News, “The show was marvelous for us—we doubled the size of our presence there this year having learned a lot from doing it last year for the first time in 2016. We were really pleased with how the show turned out. There is a large smart-home presence at CES, and it is a growing section of the show.”

Lyman also talked about the company’s big announcements at CES, most notably Vivint Sky, the company’s new smart home assistant that uses artificial intelligence, or AI, to manage all of the devices in a connected home. Vivint Smart Home also announced a new Flex Pay option with Citizens Bank, as well as partnerships with Airbnb and Vivint Solar.

Steve Connor, director of product marketing for Nortek Security & Control, like Lyman, pointed to the growth of the smart home at CES, telling SSN, “The Smart Home section had solid traffic and this time we saw a lot of our dealers, which was nice, and different from past years. The show went very well for us and we had some big announcements.”

Most notably, Nortek Security & Control unveiled its new 2GIG Vario Hybrid Security System, which Connor said is the culmination of “a lot of hard work and innovation.” The complete Vario system consists of a security control panel with on-board hardwire inputs and outputs, which can add wireless capabilities to take advantage of 2GIG’s existing wireless solutions. [Note: An article on this is coming soon, so check back on the site over the next few days for my full interview with Connor.]

Another top provider on the residential side, ADT, made a big splash at CES this year as well, making several announcements including expansions to its Canopy platform, which brings the company’s professional monitoring to various smart device partners in an on-demand offering, as well as new integration partners and ADT Anywhere. ADT also announced that its Canopy offering will be available with the launch of LG’s Smart Security product—an all-in-one security and home automation device with video capabilities. Also at CES, ADT announced integrations with Samsung’s Gear S2 and Gear S3 smart watches.

CES also offered glimpses at the future, with self-driving and autonomous cars, including one unveiled by Bosch with biometric capability, as well as drones and robotic technology as part of an overall security system solution.

Speaking of drones at CES, Alarm.com announced at the show plans to develop autonomous, video-enabled drone applications to extend the capabilities of smart home and business security systems. Alarm.com’s multi-sensor awareness and property intelligence, together with the Qualcomm Snapdragon Flight drone platform, will deploy drones to investigate unexpected activity. The drones will be designed to autonomously navigate through the property and provide a high-resolution video feed to the property owner. Alarm.com also unveiled at CES its Insights Engine, a multi-sensor learning capability that recognizes and proactively responds to unexpected activity around a property.

I look forward to speaking with Alarm.com's chief product officer Dan Kerzner later this week to get more on this interesting development for the company.

And while we are on the topic of new and emerging technologies, I would be remiss if I did not get in a shameless plug for SSN’s TechSec Solutions show, where we will be looking at how to leverage new technology over a day and a half of educational sessions, networking and product displays. Click here to register and get the early bird discount!

Hope to see you at TechSec in Delray Beach, Fla., Feb. 27-28!
 

Integrators '20 under 40' 2016—Rich Carlson

 - 
10/12/2016

Rich Carlson, 36

Product quality manager, Vivint

Provo, Utah

ADT gets into the Ring

 - 
Wednesday, July 20, 2016

ADT announced earlier this week that the Ring video doorbell is now available for its customers nationwide. While the Ring has made some noise in the smart doorbell category, there are many options to choose from when it comes to this first-line-of-defense product for homeowners.

Others who have had success with doorbell cameras include Vivint, Skybell and August, to name just a few.

As more and more consumers begin to embrace smart home products like the video doorbell, dealers are adding these devices to their security and home-automation offerings, and partnering and integrating with others to provide a complete home automation and security package.

For example, ADT customers can incorporate the Ring video doorbell as part of their ADT Pulse smart home security system and lock their door, turn on their lights, and activate their ADT security system directly within the Ring app, all while seeing who is at the door.

Similarly, Vivint’s Doorbell Camera, which won a 2016 Innovation Award from the Business Intelligence Group earlier this year, works with its smart home platform, so homeowners can engage in two-way conversations with visitors on their doorsteps from their mobile devices, while simultaneously using Vivint’s smart home technology to remotely unlock the front door, open the garage door, disarm their security system, for example.

On the supplier side, SkyBell, which was nominated for a CES Innovations Design and Engineering Award, has integrated with Nest, Amazon Echo, Honeywell, Alarm.com, Monitronics, Kwikset, Icontrol Networks and IFTTT, all in an effort to allow complete control of a homeowner’s security and smart home system.

And the August Doorbell Cam is part of the August Smart Home Access System, so all of the August Home products, along with its app, work together. August is also integrating with other companies, such as Honeywell, which recently integrated the August Smart Lock with its Total Connect 2.0 Remote Services platform.

For many homeowners, the video doorbell is their first-foray into smart home technology, and it is helping to drive the continued growth of other security cameras and smart home devices and apps. 

In fact, new research that came out this week from Parks Associates estimates that nearly 24 percent of U.S. broadband households will have an IP camera by 2020, while more than 50 percent will have a smart home controller and 26 percent will have a home security system.

What this study and others like it are finding is interest in products like the video doorbell is driving consumer interest in security, which can only benefit security dealers moving forward.

 

 

Guard merger to produce $4.5b ‘AlliedUniversal’

Deal expected to produce $100 million in synergies
 - 
05/04/2016

CONSHOHOCKEN, Pa. and SANTA ANA, Calif.—AlliedBarton Security Services and Universal Services of America on May 3 announced a plan to merge, creating AlliedUniversal, a guard company with $4.5 billion in revenues and 140,000 officers.

Vivint gets $100m investment from Peter Thiel, Mitt Romney’s investment firm

Pedersen: Investment is ‘huge validation of what we have built’
 - 
04/27/2016

PROVO, Utah—Vivint Smart Home on April 27 announced a $100 million strategic investment from Peter Thiel and Solamere Capital, an investment firm founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and chaired by Mitt Romney.

Vivint gets quarter-million new subscribers in 2015

Smart home services’ adoption rate reaches 78 percent, driving sales, RMR
 - 
03/09/2016

PROVO, Utah—Vivint Smart Home on March 8 announced its fourth quarter and year-end financial and operational results, showing record increases across the board, including nearly a quarter-million new smart home subscribers.

Monitoring companies foresee benefits from ADT/Protection 1 merger

Five leading monitoring companies share views on megamerger
 - 
03/09/2016

YARMOUTH, Maine—Monitoring companies have an opportunity to attract new business, new dealers and new employees in the wake of the planned ADT/Protection 1 merger, according to five leading monitoring companies who spoke to Security Systems News.

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