Tag: CPI Security

TYSONS, VA – Alarm.com has released its fourth fiscal quarter 2022/full-year results, and the outlook is positive for the residential security provider. On Feb. 23 the company held its conference call and webcast discussing its earnings as the company looks to 2023. At a glance, the company’s fourth quarter Software-as-a-Service (SaaS) and license revenue increased 10.5 percent year-over-year to $134.6 million, and total revenue increased 6.6 percent year-over-year...

CHARLOTTE, N.C. – Judgment was rendered on Feb. 17 as a jury awarded CPI Security more than $189 million in damages in a deceptive sales practice lawsuit against Vivint Smart Home. Originally filed in 2020, the lawsuit went to court early in 2022 accusing Vivint of “false and deceptive sales practices on the doorsteps and in the homes of significant numbers of CPI customers across the Southeast” in an effort to take over their alarm systems. “While we’re...

HOUSTON & PROVO, Utah – NRG Energy Inc. has entered into an agreement to acquire Vivint Smart Home Inc. for $12 per share, or $2.8 billion in cash.   NRG says the acquisition positions them as the leading essential home services provider and accelerates their growth plan. “Last year at our Investor Day, we presented our strategic roadmap to becoming the leading provider of essential services for homes and businesses, informed by consumer trends and underpinned by disciplined...

MCLEAN, Va.—The Monitoring Association (TMA) has announced that beginning today, security industry professionals have the option to register to take part virtually in its 2022 OPSTech educational sessions that are being delivered in-person Sept. 11-16, 2022, in Charlotte, N.C. The full, five-day program features operations, technology, and video tracks. Registrants attending the meeting in-person will also have the opportunity to take part in roundtable discussions and networking events,...

Long time, no blog. I admit, I have been on the blogging sidelines for several weeks now while my new comrade, Managing Editor Ken Showers, has settled in and immediately given his thoughts on various relevant security industry topics under my old blogging banner, Monitoring Matters. As I’m now officially the editor of Security Systems News, my blogs will now fall under the title of On the Editor’s Desk, which you obviously know since you found me and are reading this right now. Now...

MCLEAN, Va.—The Monitoring Association (TMA) welcomed its 111th Emergency Communication Center (ECC) in the United States on Monday, July 25, 2022. The New Hanover County ECC in North Carolina became the 12th ECC in the state of North Carolina to implement the Automated Secure Alarm Protocol (ASAP). The New Hanover County ECC went live with Rapid Response Monitoring, Vector Security, Tyco (Johnson Controls), Stanley Security, Guardian Protection, Securitas, ADS, United Central...

CHARLOTTE, N.C.—Security companies Vivint Smart Home and CPI Security head to court this week over CPI’s claim that Vivint used, as outlined in the lawsuit filed in September 2020, “false and deceptive sales practices on the doorsteps and in the homes of significant numbers of CPI customers across the Southeast.” In its complaint, CPI stated that sales representatives for the Provo, Utah-based Vivint, “posing as CPI employees or affiliates, have bound CPI customers...

Curtis Robertson is now the central station manager at CPI Security, based in Charlotte, N.C. He took on the new role, in addition to his previous role as the company's account creation manager, on May 21. In late June, Security Systems News caught up with Robertson to ask him five questions.Are you married? Do you have kids?Yes to both. I've been married for … seven years and have three kids, aged 14, ... 13, and my youngest is 4.Do you have any pets?We've got a cat—his name's Simba. We found...

CPI Security now has a lot of room to grow, including some R&D space. The company started building a new 120,000 square-foot building a few weeks ago. Recently, I got a chance to catch up with Ken Gill, CEO of CPI, and talk a bit more about the new facility's design and how it compares to—and expands on—the current one. Room to grow is a big theme with this building. Not everyone at CPI is moving over to the new facility once it's built, Gill said. In fact, the company currently plans...

A lot of companies seem to have their employee environment on the mind, especially when it comes to designing a new space. CPI Security broke ground on Friday for its new 120,000 square-foot facility, to be built adjacent to its current building in Charlotte, N.C. Alongside this development, the company announced that it plans to add 300 employees, to its current total of 540, over the next couple years. The new building will hold training facilities, R&D, and the company's central station, which...