DALLAS—Market research firm Parks Associates, based here, is predicting that an increase in smart home controllers will drive the adoption of home security systems—moving the penetration rate of home security systems past the 20 percent mark up to 26 percent by 2020.
CRANSTON, R.I.—Alliance Security, a national security company based here, is in the process of building up its infrastructure following a year of record growth in 2015 that saw the company’s revenue nearly double to more than $100 million, and its employee numbers climb from 300 to 500—all while transitioning into a new headquarters.
NASHVILLE, Tenn.—ADS Security, a super-regional security and automation company based here, has acquired customer accounts from Alarm Specialists of Cocoa, Fla. The purchase adds approximately 1,600 accounts—60 percent residential and 40 percent commercial—that will be serviced by ADS’s Melbourne, Fla. office.
DAVENPORT, Iowa—Des Moines, Iowa, is now Per Mar Security Services’ largest market for guards and patrol services following its July 1 acquisition of Neighborhood Patrol, Per Mar division president Brad Duffy told Security Systems News.
ENGLEWOOD, Colo.—New findings by market research firm IHS reveal that MSOs are falling short of their goals for penetration within the residential security industry, partly because of their reliance on inferior security products. This is good news for domestic security manufacturers because MSOs are now starting to turn to them for equipment, according to IHS. Research also forecasts a 5 percent CAGR for the security industry over the next few years.
SAN RAMON, Calif.—SAFE Security, a national security company based here, recently promoted Gary Franklyn to the newly created position of senior vice president of dealer sales, where he will be responsible for all facets of dealer management including dealer sales and marketing and dealer recruitment and retention. Franklyn will be based out of Safeguard Security, SAFE’s branch office in Scottsdale, Ariz.