VIENNA, Va.—Alarm.com has found a new way to tap into consumers’ growing interest in saving energy: It is partnering with a California utility in a program that gives Alarm.com customers extra savings on their utility bills if they cut energy usage during peak demand times.
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.
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.
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.
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.
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.
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.