Tag: commercial security

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...

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,...

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, 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...

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...

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...

SAN ANTONIO—As the newly named president of ISI Security, Buddy Johns plans to lead this $70 million firm that's known for its specialization in the corrections vertical through “a major transformation.”In addition to changing the focus of the company, Johns is adding employees and he says revenues will increase 50 percent, from $70 million in 2014 to $110 million in 2015.“Historically we've been known as a detention company that did security electronic services. Now we want...

Some hiring news surfaced this week from north of the border. Yorkton, Saskatchewan-based SecurTek, which has three central stations in Canada and commercial and residential accounts in several provinces, hired Darrell Jones to be its new president and CEO, the company announced in a news release. Jones comes to the SecurTek, a subsidiary of SaskTel, a Canadian telecom company, from outside the industry. He worked previously at the Manitoba Housing and Renewal Corporation, and his background also...

YARMOUTH, Maine—News today that the Blackstone Group, a $180 billion private equity firm, will acquire home automation and security company Vivint in an agreement worth more than $2 billion is another “huge shot of support for the industry,” Michael Barnes, founding partner of Barnes Associates, a consulting and advisory firm that specializes in the security alarm industry, told Security Systems News.“Blackstone has the opportunity and the ability to invest virtually anywhere...

PROVO, Utah—Vivint has entered into an agreement with the Blackstone Group to be acquired in a deal worth “north of $2 billion,” Todd Pedersen, Vivint CEO, told Security Systems News.“We're pretty happy about it,” he said.The deal, which Security Systems News did some initial reporting on last week, is expected to close before the end of the year.Blackstone will buy out Vivint's current equity partners Goldman Sachs, Jupiter Partners and Peterson Partners. Vivint management,...