PHILADELPHIA—A mantra in the industry today is that customers want more than a basic home security system—they want extras to control their lights and thermostats and remotely look in on kids and pets. But Comcast Cable believes there are customers out there who don’t want a security system but still would like those useful features—so it’s offering a new product just for them.
AUSTIN, Texas—The penetration rate for U.S. residential intruder alarm products will increase by 5 to 8 percent during the next three years, aided by the entrance of new telecom and cableco players in the market, according to a recent study from IMS Research, now part of IHS.
NASHVILLE, Tenn.—ADS Security’s purchase this month of Chattanooga, Tenn.-based CrimeWatch Security is just the start of ADS’ acquisition plans for the year, according to Patrick Ritter, ADS VP/controller.
OREM, Utah—The fact that Goldman Sachs and The Beekman Group are NorthStar Alarm Services’ new equity partners is a “vote of confidence” in that summer sales company, according to Henry Edmonds, president of The Edmonds Group, which facilitated the transaction.
SACRAMENTO, Calif.—Industry veteran Steve Baker, who has served in executive roles at ADT, Monitronics and Westec, announced May 22 that his corporation, GHS Interactive Security, has acquired LifeLine Security and Automation as a platform for growth.
OKLAHOMA CITY—The president of Security Options feels validated by the fact that big companies such as Comcast, AT&T and Lowe’s are now selling home security in a retail setting. That’s because his 50-employee company has had a home security store for several years now.
John Bergher, EVP of marketing and customer care for Sacramento, Calif.-based GHS Interactive Security, talks to Tess about the partnership GHS formed this spring with Solar Universe to offer homeowners a solution combining security, home automation and solar.