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More problems for Platinum: It’s now charged with defaulting on $700,000 loan

CPI Security contends Platinum is in breach of a loan from CPI and is mismanaging 350 accounts that are collateral
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04/04/2012

AMERICAN FORK, Utah—CPI Security Systems, a Charlotte, N.C.-based monitoring company, is suing Platinum Protection, claiming Platinum has defaulted on a $700,000 loan CPI made to the company in January.

Alarm.com: New Smart Schedule smart for dealers

New feature matches home activity to thermostat schedules and makes customers ‘stickier’
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04/02/2012

VIENNA, Va.—Alarm.com has added a new feature to its emPower home automation and energy management platform, one that it says makes homeowners even more invested in their security systems because it allows them to use data the security systems collect to better program their thermostats to save energy and money.

Tremendous growth forecast for home energy management

Analyst: Security companies can use their close relationships with customers to drive the market
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03/26/2012

DALLAS—A recent Parks Associates study predicts home energy management will become a huge market during the next 10 years, and security companies are in a unique position to take advantage of that through their close customer relationships, according to an analyst with t

Shake-up at Devcon: Hafen replaces Ginsburg as CEO

Industry veteran Richard Ginsburg departs just weeks after taking job; former Pinnacle COO Steve Hafen now at helm
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03/21/2012

HOLLYWOOD, Fla.—Devcon Security has a new CEO—its second one in about three weeks.

ADT putting 4,000 iPads in hands of its sales reps

Company says the wireless devices are ‘the future of sales’
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03/14/2012

BOCA RATON, Fla.—ADT started providing its sales reps with iPads a few months ago, and has found the wireless devices so useful in boosting sales that it plans to put them in the hands of all its approximately 4,000 reps by the end of 2012, according to Joe O’Connell, VP of residential sales ADT North America.

Loud Security hopes to score with baseball advertising

Using a former major league star in TV commercials and running ads on scoreboards, the Georgia company aims to win more customers
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03/07/2012

KENNESAW, Ga.—Take your security company out to the ballgame when it comes to advertising. That’s an approach that Loud Security, a regional based here, is taking this year, and president and owner John Loud suggests that other security companies might benefit from sports-centric advertising campaigns as well.

Richard Ginsburg new CEO of Devcon Security

Former Pro 1 CEO is back in the security business
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02/29/2012

HOLLYWOOD, Fla.—Golden Gate Capital, the owner of Devcon Security—a super-regional based here that has been rapidly expanding as a national player in the past year—has named Richard Ginsburg as Devcon’s new CEO.

Comcast’s Xfinity gets new name and features

The telecom also adds Seattle to the markets in which it offers its home security/home automation service
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02/29/2012

PHILADELPHIA—Comcast has renamed its home security/home automation service, is about to add a new energy-management feature and has expanded the service to yet another market: Seattle.

Loud starts off new year with new acquisitions

The Georgia security company considered a lot of other matches before finding two that really fit
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02/29/2012

KENNESAW, Ga.—In 2011, Loud Security considered making as many as nine acquisitions, but ended up turning them all down. But now, with 2012 barely under way, Loud has made two acquisitions in its backyard.

Pro 1 acquires in Southern California

Company says acquisition of Custom System Technologies is a good fit
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02/21/2012

LONG GROVE, Ill.—Protection 1 recently acquired Custom System Technologies of Indio, Calif.

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Poll

SSN News Poll October 2014

More and more connected products in homes and businesses increasingly provide central stations with new revenue and service opportunities to monitor those devices. But some say that to do that, centrals need to change and become more like data centers. Do you agree? Tell us what you think the central station of the future will look like.

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