Tag: commercial security
'Exciting road ahead' as ADT doubles down on residential, small business
August 8, 2023Ken Showers, Managing Editor
BOCA RATON, Fla. – ADT shook things up by preempting its second fiscal quarter 2023 earnings call with the news that the company is divesting itself of its commercial business.
As reported earlier by Security Systems News the company has entered 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. The transaction has been approved by the company’s board of directors and is expected...
Alula demos enhanced commercial security platform at ISC West
March 16, 2023SSN Staff
ST. PAUL, Minn. – Alula demonstrated what it calls its "industry-evolving" hybrid alarm panel, the Connect-XiP, at ISC West in March.
The panel combines wireless and wired security as Alula’s offering to the smart commercial security industry. Featuring their point-to-point device communications technology and interactive services, the panel also has a unique programmable power distribution model, multi-battery support, native dual-path communications, dual wireless sensor...
Securitas Technology officially launches
March 15, 2023SSN Staff
UNIONTOWN, Ohio – March 15 marked the official launch of Securitas Technology, a provider of integrated security systems that brings together decades of experience.
The announcement arrives following Securitas’ acquisition of Stanley Security in July of 2022 for $3.2 billion in cash. “Our combined offerings and global footprint enable us to solidify our expertise in technology and unlock opportunities for innovative solutions.” said Tony Byerly, global president...
Security Solutions Northwest acquired by Security 101
March 6, 2023SSN Staff
WEST PALM BEACH, Fla. – Gemspring Capital portfolio company Security 101, a national full-service commercial security solutions company announced their acquisition of Security Solutions Northwest (SSNW), a regional provider based in Bellingham, WA.
Security 101 says the acquisition expands their presence in Washington and compliments their existing clientele in education, government, and property management. "Given SSNW's commitment to exceptional customer service and their deep relationships,...
Acoustic Design Systems expands executive team
August 10, 2020SSN Staff
LAS VEGAS—Acoustic Design Systems (ADS) announced the hiring of Anjali Winther and Jeff Sutherland as the company’s first ever commercial business development manager and residential business development manager, respectively. The hiring was in response to major company growth in Q1 and Q2 of 2020.
Winther is responsible for growing the company’s commercial division that serves commercial property organizations, multi-family and HOA associations, builders and more. She brings close to...
ADT signs definitive agreement to sell Canadian ops to TELUS Corporation
October 1, 2019SSN Staff
BOCA RATON, Fla.—ADT Inc., a smart home security provider serving residential and business customers, today announced that it has entered into a definitive agreement to sell ADT Security Services Canada, Inc. to TELUS Corporation for approximately CA$700 million in cash, subject to certain adjustments. The transaction comprises all of ADT Canada's operations and assets, and is expected to close in the fourth quarter of 2019, contingent on customary closing conditions and other business requirements,...
Security industry player, Interlogix, to close its doors
September 23, 2019Ginger Hill
HARTFORD, Conn.—Interlogix, part of UTC Climate, Controls & Security, a unit of United Technologies Corp., announced it will “wind down” its businesses in the United States and Canada by the end of this year to focus on their other fire and security businesses, with a company spokesperson specifically naming LenelS2.
“After a thorough portfolio review of our security business, we have communicated our plans to wind down our Interlogix U.S. and Canada businesses,”...
Alarm.com's commercial move solidifying
August 5, 2015Martha Entwistle
Alarm.com, the interactive services platform provider, made its first foray into the commercial market, with the purchase, earlier this year of Secure-i. Here's that story.
Its recent integration with Tyco Security Products marks another move for the interactive services platform provider into the small-to-medium commercial market.
Tyco is integrating its PowerSeries Neo platform with Alarm.com's cloud-based services (interactive security, intelligent automation, video monitoring and energy management...
Speco launches factory outlet
December 17, 2014Amy Canfield
New York-based Speco Technologies, which provides residential and commercial video surveillance, electronics accessories and audio products, has opened an online factory outlet store.
That's right, a factory outlet store.
Security Systems News, being just down the road a piece from Freeport, Maine, one of the nation's outlet meccas, knows a thing or two about factory outlet stores. A lot. But an outlet security store? Hmmm. That's interesting. Is this a new trend?
Speco's online outlet store will...
Alarm.com goes after 'next frontier—connected business' with acquisition of Secure-i
December 16, 2014Martha Entwistle
VIENNA, Va.—Alarm.com, known for its connected home platform, is going after the commercial market with the acquisition, announced today, of commercial video surveillance provider Secure-i.“We aspire to not only have the leading solution for the residential market but for the commercial market as well,” Jeff Bedell, Alarm.com chief strategy and innovation officer, told Security Systems News. “We have made some investments in the commercial market, but the Secure-i deal is...