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Tag: ADT


General News

ADT and Ford form joint venture, Canopy, to fortify vehicle security

January 18, 2022Cory Harris, Managing Editor

DETROIT, LONDON and BOCA RATON, Fla.—ADT Inc. and Ford Motor Company today announced an investment in a new joint venture called Canopy that combines ADT’s professional security monitoring and Ford’s AI-driven video camera technology to help customers strengthen security of new and existing vehicles across brands. Canopy will bring ADT’s industry-leading professional monitoring to vehicles for the first time. “We believe everyone deserves to feel safe at home AND...

ADT, Canopy, Elliot Cohen, Ford, Franck Louis-Victor, Ted Cannis


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ADT completes acquisition of Sunpro Solar

December 9, 2021SSN Staff

BOCA RATON, Fla.—ADT Inc., the most trusted brand in smart home and small business security, announced it has completed its acquisition of Sunpro Solar. With the acquisition of Sunpro Solar, ADT is introducing ADT Solar, which will provide customers with rooftop solar and energy storage solutions to increase their energy independence and help them save money on their energy expenses. Sunpro currently operates in 22 states, and ADT Solar plans to expand to more markets across the U.S.  “The...

ADT, Jim DeVries, Marc Jones, Sunpro Solar


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ADT reports third quarter 2021 results

Residential

ADT reports third quarter 2021 results

November 10, 2021SSN Staff

BOCA RATON, Fla.—ADT Inc. reported results for the third quarter of 2021, highlighted by increasing revenue, subscribers, end-of-period RMR and a strong commercial rebound. ADT's operational highlights announced for Q3 2021, versus the prior year, were: Monitoring and related services revenue increased 5 percent Gross recurring monthly revenue (RMR) additions grew 7 percent in the third quarter, 19 percent year-to-date End-of-period RMR of $356 million increased by...

ADT, Jim DeVries


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ADT buys Sunpro Solar, launches ADT Solar to expand home offerings

Residential

ADT buys Sunpro Solar, launches ADT Solar to expand home offerings

November 9, 2021SSN Staff

BOCA RATON, Fla.—ADT announced an agreement to acquire Sunpro Solar, one of the largest residential rooftop solar contractors in the U.S., for $160 million in cash plus approximately 77.8 million shares of ADT common stock, implying a total enterprise value of approximately $825 million. ADT will rebrand Sunpro to “ADT Solar” and enter the rooftop solar business to offer ADT customers a protected, connected, and now powered home. “With its strong focus on the customer,...

ADT, Jim DeVries, residential solar


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Redfin partners with ADT to expand Direct Access home tours to 22 markets

Residential

Redfin partners with ADT to expand Direct Access home tours to 22 markets

October 5, 2021SSN Staff

SEATTLE—Redfin, a technology-powered real estate company, has announced a nationwide rollout of Direct Access, which lets homebuyers self-tour vacant Redfin-listed homes with or without an agent, using the Redfin app to unlock the door. In addition, Redfin announced it has partnered with ADT, a leading provider of security and smart home solutions, to provide 24/7 security monitoring for Direct Access homes. ADT will equip Direct Access homes with smart locks and sensors that allow buyers...

ADT, Bridget Frey, Keith Holmes, Redfin


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ADT appoints DeLu Jackson to chief marketing officer role

September 27, 2021SSN Staff

BOCA RATON, Fla.—DeLu Jackson has joined ADT as Chief Marketing Officer to lead customer acquisition, marketing and advertising. Jackson brings with him a wealth of consumer marketing experience rooted in data and digital strategies developed while he was at Conagra Brands, Kellogg Company, McDonald’s and other brands. Jackson will lead marketing for ADT during a period of significant company transformation, activating important partnerships, such as ADT | Google, focusing on...

ADT, Marketing


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ADT’s safety app now detects car accidents, alerts first responders

Monitoring

ADT’s safety app now detects car accidents, alerts first responders

August 16, 2021SSN Staff

BOCA RATON, Fla.— ADT has partnered with Cambridge Mobile Telematics, a leading mobile telematics provider, to allow ADT’s Personal Safety App SoSecure to offer crash detection and emergency response. By teaming with Cambridge, ADT’s personal safety app, which is available for download on iOS and Android, help keeps roads and drivers safer. “As consumers continue to rely on more intuitive and interactive security products and services, ADT is expanding beyond the home to...

ADT, Cambridge Mobile Telematics, Medical Alert Systems


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ADT reports second quarter 2021 results

Residential

ADT reports second quarter 2021 results

August 6, 2021SSN Staff

BOCA RATON, Fla. —ADT Inc., the most trusted brand in smart home and small business security, has reported results for the second quarter of 2021. Among the operational highlights announced for Q2 2021 were: • Gross recurring monthly revenue (RMR) additions grew 28 percent • End-of-period RMR of $352 million increased by 4 percent • Solid customer retention with attrition at 13.3 percent • Commercial recovery continues with improved year-over-year results •...

ADT, Jim DeVries


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ADT files patent infringement suit against Vivint

June 30, 2021SSN Staff

BOCA RATON, Fla. —ADT, the most trusted brand in smart home and business security, has brought actions for patent infringement against Vivint, a security and alarm company headquartered in Provo, Utah.  Separate but related actions have been filed with the U.S. International Trade Commission and in the United States District Court for the Western District of Texas. Vivint has introduced and promoted a series of products willfully infringing upon several of ADT’s patents, the...

ADT, David W. Smail, Vivint


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Residential

ADT and Ring settle trademark dispute

June 24, 2021SSN Staff

BOCA RATON, Fla.—ADT has settled a lawsuit against Ring LLC, an Amazon company and provider of smart home security devices. As per the settlement, Ring will release a new version of its Outdoor Siren product and will discontinue the marketing and sale of the current design. “ADT and Ring are pleased to have reached a mutually agreeable resolution,” said David Smail, Executive Vice President and Chief Legal Officer at ADT. “Ring will release a new version of the Outdoor...

ADT, Ring, trademark infringement


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