Tag: AlarmForce
Select Security to acquire AlarmForce's US subscribers
June 15, 2017Spencer Ives
LANCASTER, Pa.—Select Security, a super-regional alarm company based here, on June 14 entered into an agreement to buy the U.S. subscriber base of AlarmForce, a Toronto-based company, which will maintain its Canadian business.Select Security will gain about 28,000 accounts, bringing the company's total to nearly 60,000. The deal is expected to close on or around June 23. AlarmForce announced that the total consideration was $11.6 million."It's the largest acquisition that Select has done in...
News Poll: DIY represents an opportunity for traditional companies
August 17, 2016Spencer Ives
YARMOUTH, Maine—Traditional security companies like LOUD Security and Select Security have been looking at expanding their offerings with DIY. Most respondents to Security Systems News' latest poll said DIY gives companies access to more streams of revenue and new markets.“There is a place for the DIY market; however as the traditional dealers move into the IoT and connected market space, I believe the end users will need expertise to install and mostly to set up. I don't feel the technology...
Settlement reached in Joel Matlin's $11.3 million lawsuit against AlarmForce
March 11, 2016Paul Ragusa
TORONTO—A settlement was reached on March 10 in Joel Matlin's $11.3 million lawsuit against AlarmForce.Matlin, who is the founder and former CEO of AlarmForce Industries before he was ousted in 2013, told Security Systems News, “I am happy that it is has been resolved,” but noted he is “restricted to talk about it in any way.”Matlin filed a lawsuit over his dismissal in October of 2013.Industry veteran Matlin launched Think Protection, a mass market home alarm company,...
After ADT's news, Ascent stock rises
February 17, 2016Spencer Ives
Ascent Capital Group's stock price rose yesterday, on news of the ADT/Apollo deal.
I asked Imperial Capital's Jeff Kessler about the stock's jump and he characterized it as a “knee jerk reaction to the fact that the only other company in the United States that's public, being traded, is being taken over.”
Yesterday (Feb. 16) Ascent's stock price rose as high as 49 percent over its previous close of (Feb. 12) of $8.27 per share. Yesterday's high was $12.29. The stock closed at $11.00...
AlarmForce ordered to pay Matlin court fees
May 27, 2015Amy Canfield
TORONTO—AlarmForce Industries must pay $45,000 in court costs to company founder Joel Matlin and others after AlarmForce dropped a lawsuit that sought to bar two employees from working for Matlin's new company, ThinkProtection.A Superior Court of Justice here ruled May 25, a month after AlarmForce dropped its suit, that Matlin, his son, Adam Matlin, and former AlarmForce employees David Costantini and Maciej Gerwel should be compensated for legal fees they incurred to fight it, according to...
AlarmForce names third CEO in less than two years
May 6, 2015Amy Canfield
TORONTO—Graham Badun is the new president and CEO of AlarmForce Industries, its third leader in less than two years.Badun, with a background in real estate services and hired as the result of an executive search, replaces Anthony Pizzonia, who had been with AlarmForce for 23 years.“I see this as a great opportunity to take this brand and make it stronger,” Badun told Security Systems News. “The company is excited, the board is excited. I'm looking forward to learning new components...
Joel Matlin launches new alarm company: Think Protection
February 25, 2015Amy Canfield
Updated March 2 with Joel Matlin interviewTORONTO—Joel Matlin, founder of AlarmForce, is launching a new alarm company called Think Protection.Matlin will serve as CEO; his son, Adam Matlin, will serve as COO.Think Protection "plans to offer the U.S. and Canadian home alarm mass markets the most advanced technology at the absolute lowest cost. We will be very customer centric with good infrastructure and a very well-managed staff," Joel Matlin told Security Systems News.The startup will make...
Matlin back in home security, as a consultant
July 23, 2014Tess Nacelewicz
TORONTO—The yearlong noncompete of ousted AlarmForce CEO Joel Matlin is at an end and now he's back in the home security business—as a marketing consultant.“I'm a free man, which is wonderful,” Matlin told Security Systems News. He was abruptly fired last July 23 from AlarmForce, based here, a company Matlin founded in 1988 and grew organically to be one of Canada's largest security companies.Now, Matlin Creative—the marketing company that he and his son, Adam Matlin,...
Fired AlarmForce exec launches new business
December 4, 2013Tess Nacelewicz
TORONTO—Joel Matlin, the recently ousted CEO and founder of AlarmForce Industries, launched his own marketing business this week to serve security companies and other clients.“It's exciting,” Matlin told Security Systems News. “And bear in mind, of course, I only have a one year non-compete [agreement with AlarmForce], so you can park that wherever you want.”He said Matlin Creative, the new marketing firm run by Matlin and his son, Adam, who also was fired from AlarmForce...
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Management shake-up at AlarmForce
July 24, 2013Tess Nacelewicz
Last year, AlarmForce Industries, a Toronto-based super-regional, announced that its board of directors was looking at selling the company. Now the board says the company won't be sold but grown instead, and has “terminated” AlarmForce's longtime President and CEO Joel Matlin.
Alarm Force announced in a news release Tuesday that it had “terminated the employment" of Matlin but said that he will “continue to serve as a director of the company.” Matlin holds a stake in...