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Putting the Vivint sale in perspective

Michael Barnes and George De Marco on the $2 billion valuation of Vivint, whether its growth plans are realistic, and its plans for expansion into commercial security
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09/19/2012

YARMOUTH, Maine—News today that the Blackstone Group, a $180 billion private equity firm, will acquire home automation and security company Vivint in an agreement worth more than $2 billion is another “huge shot of support for the industry,” Michael Barnes, founding partner of Barnes Associates, a consulting and advisory firm that specializes in the security alarm industry, told Security Systems News.

ADT set to 'go it alone'

CEO of The ADT Corp. squelches rumors new entity will be takeover target
 - 
09/18/2012

BOCA RATON, Fla.—Tyco International shareholders voted Monday to approve splitting Tyco into three separate companies—one of them ADT, another a commercial fire and security business, and the third a flow control unit. ADT officials say they’re eager to see ADT become a stand-alone company, providing security and interactive services to residences and small businesses and focused on innovation and growth.

Vivint to be sold to Blackstone in $2 billion deal

CEO Pedersen: Vivint has plans to become one of the largest national players in commercial security
 - 
09/18/2012

PROVO, Utah—Vivint has entered into an agreement with the Blackstone Group to be acquired in a deal worth “north of $2 billion,” Todd Pedersen, Vivint CEO, told Security Systems News.

Vivint exploring sale

CEO said $2 billion offer from Blackstone previously turned down
 - 
09/06/2012

PROVO, Utah—Vivint is considering a sale with final bids due later this month, according to a Reuters report. The report said the home automation/home security company could be valued at as much as $2 billion, and that among three private equity groups looking at the company is GTCR—owner of Protection 1, one of the nation’s largest security companies.

Vivint sued over alleged ‘robocalls’

Lawsuit contends prerecorded calls were to individuals’ cellphones without permission
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09/05/2012

CHICAGO—A new class-action lawsuit accuses Vivint of sending automated calls to cellphones without the owners’ permission, violating their privacy and federal law.

MOBOTIX targets resi with new camera technology

Company says its new 180-degree door station product is ideal for high-end homes and apartment complexes
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09/05/2012

NEW YORK—MOBOTIX is using its new hemispheric camera technology to launch into the home automation space.

Massachusetts installers battle Comcast, Verizon in court

Lawsuit filed by installers’ group claims the cableco and telecom are endangering the public by not being licensed for the security alarm work they do in the state
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08/29/2012

SHARON, Mass.—A Massachusetts security systems installers’ group has taken Comcast and Verizon to court, charging the cableco and telecom lack the required state licenses to do security alarm-related work in Massachusetts.

Pro 1: ‘We’re excited to be part of the home automation space’

Company’s new P1 Life solution integrates security and home automation
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08/29/2012

ROMEOVILLE, Ill.—Protection 1 announced this week that it has launched a new integrated home security/home automation service called P1 Life.

AMP: Former Platinum space good fit

‘We kind of moved in like a hermit crab does to a new shell’
 - 
08/15/2012

AMERICAN FORK, Utah—The large, dramatic letters emblazoned across the top of the imposing new office building here used to read “Platinum.” Now they say “AMP”—because financially beleaguered Platinum Protection has vacated the space and it is now AMP’s headquarters.

Vivint takes door-knocking rival to court

Vivint contends a competitor used deception to steal Vivint customers
 - 
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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Poll

SSN News Poll September 2014

Some new door-knocking scams recently prompted the Electronic Security Association to update its code of ethics to specifically ban them. Also, ADT this summer is offering up to $25,000 to whistleblowers who expose security companies that train sales teams to use deceptive selling techniques. What do you think are the best ways to combat door-to-door sales scams?

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