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Tag: Amy Kothari


Also Noted

My Alarm Center announces new additions to sales leadership

July 26, 2021SSN Staff

NEWTOWN SQUARE, Pa.—My Alarm Center, a leading provider in residential home security, has announced the addition of two new sales leaders.  Darren Goodman has been hired as the company's Senior Vice President of Sales, and David Corio, previously Senior Director of Operations, has been promoted to Regional Vice President of ACS Security, the company's brand located in Los Angeles. Goodman and Corio will be essential to accelerating the company's growth...

Amy Kothari, Carole Dalton, Darren Goodman, David Corio, My Alarm Center


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My Alarm Center to restructure under Chapter 11 protection

Residential

My Alarm Center to restructure under Chapter 11 protection

April 29, 2021SSN Staff

NEWTOWN SQUARE, Pa.—Home security provider, My Alarm Center, filed for Chapter 11 protection this week, with 100 percent of its senior lenders and other key stakeholders agreeing to support the company’s prepackaged plan of reorganization that provides for elimination of approximately $235 million of legacy debt obligations, the company told Security Systems News. My Alarm Center said it will continue to operate in the “ordinary course of business” during the restructuring...

Amy Kothari, Chapter 11, My Alarm Center


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Residential

Oaktree Capital Management buys My Alarm Center

July 26, 2017Spencer Ives

NEWTOWN SQUARE, Pa.—My Alarm Center, a national home security and automation provider based here, was recently sold to global investment firm Oaktree Capital Management, headquartered in Los Angeles. The deal closed on July 14.“We kicked off an effort to recapitalize the business about a year ago, looking to strengthen our financial position, our balance sheet, and give us a better opportunity to grow our business,” Amy Kothari, My Alarm Center's president and CEO, told Security...

Alcentra Capital Corporation, Amy Kothari, Ironwood Capital, My Alarm Center, Oaktree Capital Management


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Residential

My Alarm Center secures $10m in additional funding

October 26, 2016Paul Ragusa, Editor

NEWTOWN SQUARE, Pa.—My Alarm Center, a residential security and home automation provider, recently secured $10 million in additional funding, giving the company increased capabilities on the acquisition front and in its growth organically.Led by Ironwood Capital and supported by Alcentra, Saratoga Investment Corporation, NXT Capital and OFS Capital, the $10 million is additional second-lien debt, an increase of the $50 million second-lien term loan to $60 million, with the proceeds going to...

Amy Kothari, My Alarm Center


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Residential

My Alarm Center's new business model driving success

August 17, 2016Paul Ragusa, Editor

NEWTOWN SQUARE, Pa.—My Alarm Center, a super-regional security company with a rapidly evolving national presence, is coming off an impressive year of organic growth, complemented by the success of its new DIY division, LivSecure.“Both 2015 and 2016 have been really great years for us and signify a big shift in our business model to be more flexible and capital efficient in terms of having options for growth,” Amy Kothari, My Alarm Center's president and CEO, told Security Systems...

alarm.com, Amy Kothari, DIY, LivSecure, Megan MacDonald, My Alarm Center, Qolsys, Rapid Response


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Monitoring

My Alarm Center launches new DIY division

December 8, 2015Spencer Ives

NEWTOWN SQUARE, Pa.—My Alarm Center launched LivSecure, a direct-to-consumer division focused on DIY-installed equipment paired with professional monitoring.Offering DIY won't appeal to everyone, Amy Kothari, My Alarm Center's president and CEO told Security Systems News. “But, there is a growing segment of the market that does not want to wait for a professional install, does not want to pay for a professional install, and are comfortable doing it themselves.”My Alarm Center announced...

Amy Kothari, DIY, LivSecure, My Alarm Center


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Also Noted

ACA receives M&A award

November 20, 2015SSN Staff

NEWTOWN SQUARE, Pa.—Alarm Capital Alliance recently received the "Excellence in Security Account Acquisitions" designation in Corporate LiveWire's 2015 Mergers & Acquisitions Awards Guide. "We're extremely pleased to receive this tremendous honor, and this reaffirms our strategic approach to each deal we close," Amy Kothari, president and CEO of Alarm Capital Alliance, said in a prepared statement The ACA acquisition team includes Anastasia Bottos, COO and CSO, Kelly Bond, SVP business development,...

Alarm Capital Alliance, Amy Kothari, Corporate LiveWire


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Monitoring Matters

My Alarm Center is on the street Thursday night

November 18, 2015Spencer Ives

Executives from My Alarm Center will be sleeping on the streets of Philadelphia Thursday night, Nov. 19, participating in Covenant House's Sleep Out: Executive Edition. Covenant House is a homeless youth shelter, headquartered in New York. It holds sleep outs Weather reports say that Philadelphia has a 100 percent chance of rain on Thursday and temperature in the low 60s, middle 50s overnight. “We look at it this way: These kids that are homeless, they don't get to pick which weather that have...

Amy Kothari, Anastasia Bottos, Covenant House, Kelly Bond, My Alarm Center


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Also Noted

My Alarm Center awards annual scholarships

August 25, 2015Spencer Ives

NEWTON SQUARE, Pa.—My Alarm Center awarded Kristin Hand its annual $1,000 scholarship. Hand, from Baxley, Ga., is studying criminal justice with hopes of being a lawyer, according to a recent statement from My Alarm Center. For the third consecutive year, the company awarded two additional scholarships. Christian Renwick, of Earlysville, Va., is studying forensic pathology and was awarded $500. Virginia Paino, also receiving $500, is studying criminal justice to enter law enforcement. These...

Amy Kothari, My Alarm Center


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Residential

Interface sells Hawk Security to ACA

January 15, 2014Tess Nacelewicz

NEWTOWN SQUARE, Pa.—Alarm Capital Alliance had a robust 2013, with RMR growing nearly 14 percent and gross revenues by about 23 percent. Now, its purchase of Interface Security Systems' Hawk Security adds immediate growth for 2014 and gives the company a new strategic position in Texas that promises even more.“I just grew the entire company 20 percent over night with this deal,” Amy Kothari, president and CEO of ACA, which is based here, told Security Systems News. Terms of the...

Alarm Capital Alliance, Amy Kothari, Hawk Security Services, Interface Security Systems, Mike Shirley


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