Tag: Amy Kothari

TULSA, Okla. and NEWTOWN SQUARE, Pa.—Alert 360, one of the largest providers of monitored home security and home automation solutions, and My Alarm Center, a leading provider of technologically advanced security and smart home automation solutions, announced they have entered into a definitive merger agreement. The combined company creates a leading operator in the highly fragmented smart security industry. Funds managed by Invesco will be the majority owners of the combined business...

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...

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...

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...

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...

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...

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...

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,...

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...

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...