Tag: Citi
ADT sells commercial business for $1.6 billion to private equity firm
August 8, 2023SSN Staff
BOCA RATON, Fla.—On the heels of reporting its Q2 financial results, ADT made a huge announcement this morning, entering into a definitive agreement to sell its commercial security, fire and life safety business unit to private equity firm GTCR for a purchase price of $1.6 billion.
Proceeds from the sale, which is expected to close in the fourth quarter of 2023, will be used to reduce debt by $1.5 billion, with cash interest savings expected to offset the impact of divesting the commercial...
40 under 40: Parker Macdonald, Citi
April 21, 2021SSN Staff
Parker Macdonald, 39, and his group at Citi took on the responsibility of security technology management with the goal of increased efficiency, while also fueling his interest in applying these security products throughout the company.
As Global Technology Manager at Citi, based in Tampa, Fla., Macdonald and his group are responsible for implementing, maintaining and enhancing the technology utilized by Citi’s Security and Investigative Division.
“This includes all physical...
Will DIY, MIY impact you?
July 29, 2015Amy Canfield
What's the future normal for home security? According to an article from Business Insider, it's DIY and MIY, all from Silicon Valley giants Google and Apple along with telecom big names.
What do you think?
I speak to resi dealers five days a week. They tell me that DIY is often a selling point for them and that it works very well for some of their customers—especially in helping homeowners understand their systems better—but that MIY, on the other hand, is not beneficial. What happens...