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CTS Protective Services Acquired by Safe Streets USA

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11/05/2012

ELMWOOD PARK, N.J.—Safe Streets USA, based here, has purchased CTS Protective Services of Rossville, Ga., according to a press release from the Davis Group, who facilitated the sale.

ADT’s new hire to focus on technologies of the future

‘Cable guy’ Arthur Orduña says his goal as chief innovation officer is to help ADT succeed as an independent company
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10/24/2012

BOCA RATON, Fla.—The new stand-alone ADT’s announcement this week that it has hired cable industry veteran Arthur Orduña has the blogosphere speculating that ADT is adding a “cable guy” to make it more “cable-friendly” and ready for acquisition by a telecom or cable comp

ADT sues Flo Rida

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Wednesday, October 24, 2012

This recent news item from the Toronto Sun newspaper recently caught my eye, even though I’ve never heard of this rapper and singer songwriter, whose real name is Tramar Dillard, but is known as Flo Rida. It sounds like Flo Rida has a bit of a legal problem over security at his home in Florida.
 

Here’s what the news report said:

Flo Rida has been sued by bosses of a security company who claim the rapper failed to settle a bill for an alarm system at his Florida home.

Executives at ADT allege their operatives installed a state-of-the-art security system at the star's Miami mansion in 2009 and received the full deposit of $19,366 US but Flo Rida failed to hand over the remaining balance of $38,733.

They have filed a lawsuit demanding payment plus interest amounting to $47,134.

However, the rapper claims he never authorized the deal and the contract was signed by a man called Lee Prince, who reportedly worked as the star's manager, according to TMZ.com.

A judge has yet to rule on the case.

 

ADT CEO: It's not a 'moonshot' to double residential penetration to 40 percent

Naren Gursahaney says it will take effort, expanding interactive home offerings and educating the public and investors
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10/10/2012

NEW YORK—The ADT Corp. CEO Naren Gursahaney has set a bold goal. He wants the newly independent ADT—which began trading on the New York Stock Exchange on Oct. 1—to increase its residential penetration from 20 percent to as much as 40 percent.

ADT adding monitoring jobs in Texas

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Tuesday, October 2, 2012

ADT’s split from Tyco isn’t taking any steam out of the monitoring giant’s sails. In addition to becoming an independent publicly traded entity Monday on the New York Stock Exchange, it plans to add 150 jobs at its facility in Irving, Texas by the end of November.

“I think we’ve added 200 jobs in the last several months and we’re looking at another 150 as we continue to expand,” Shawn Lucht, senior vice president of operations at ADT, told NBCDFW.com on Sept. 27.

The additional jobs will be spread across many departments at the company’s Irving campus, one of the largest ADT facilities in North America. Among the departments standing to gain will be the monitoring center, one of six that the company operates.

Dinesh Chand, one of the newer employees hired at the monitoring center, told NBCDFW.com that the department has almost doubled in size during his tenure there.

“When I got here about a year or so ago, we had a little over 200 people,” he said. “Today, we have close to 400 folks here.”

The company is aiming to expand further through a pilot program with Best Buy. The consumer electronics retailer is selling ADT security systems at three of its stores, ADT CEO Naren Gursahaney recently told SSN’s Tess Nacelewicz.

Part of the approach is “to generate leads and create appointments,” he said, because the company still believes that security “is an over-the-kitchen-table type of sale.”

For anyone looking for company on the NYSE, it’s easy to find: the ticker symbol is ADT. Company officials will ring the opening bell there on Oct. 8.

Tyco completes separation

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10/01/2012

WESTFORD, Mass.—Tyco completed its separation transaction today, forming the world’s largest dedicated fire protection and security company as measured by market share, according to a company statement.

Flo Rida embroiled in legal battle with ADT

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09/24/2012

BOCA RATON, Fla.—American rapper Flo Rida has been sued by ADT on the grounds that he allegedly failed to settle a bill for an alarm system at his Florida home, according to multiple reports.

Tyco adjusts guidance for Fire & Security segment, shareholders approve of spinoffs

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09/17/2012

SCHAFFHAUSEN, Switzerland – Tyco, announced today that shareholders have approved the spinoffs of ADT and Flow Control International.

Ruling in Illinois fire alarm monitoring case ‘positive’ for industry

But decision in lawsuit brought by ADT over public entities monopolizing fire alarm monitoring will be appealed
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08/15/2012

ARLINGTON HEIGHTS, Ill.—The latest decision in a lawsuit brought by ADT and other alarm companies over public entities taking over fire alarm monitoring in the state contains “a lot of positive things for the alarm industry," according to the executive director of the Illinois Electronic Security Association.

Vivint takes door-knocking rival to court

Vivint contends a competitor used deception to steal Vivint customers
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08/08/2012

PROVO, Utah—Vivint is suing another door-knocking company, alleging it has been using false and misleading statements to “slam” or take over Vivint customers.

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