Tag: Google
ADT holds strong and achieves record RMR in Q1 2023, stumbles on solar
May 3, 2023Ken Showers, Managing Editor
BOCA RATON, Fla. – It was a solid quarter for growth with ADT on this year’s 2023 Q1 earnings call, with only a small cloud blocking the sun.
To make note of some of the highlights from the report: total revenue of $1.6 billion, up 4 percent, and end-of-period recurring monthly revenue (RMR) record of $378 million, up 4 percent featuring high customer retention with gross customer revenue attrition maintaining record low of 12.5 percent. President and CEO Jim DeVries attributed...
ADT, Google announce integrated smart home security system for DIY customers
April 13, 2023SSN Staff
BOCA RATON, Fla.—ADT has announced the availability of the new ADT Self Setup smart home security system, its most advanced and complete DIY system ever and the first fully integrated DIY offering from ADT and Google.
ADT Self Setup integrates Google's Nest smart home products with ADT security and life safety technology as well as ADT SMART Monitoring — all with the convenient control of the new ADT+ app.
ADT Self Setup makes it easier...
Wayne Thorsen appointed to ADT EVP, chief business officer
January 9, 2023SSN Staff
BOCA RATON, Fla. – ADT announced that is has appointed Wayne Thorsen to the newly created role of executive vice president and chief business officer, effective immediately.
ADT stated that Thorsen will be responsible for leading the company’s product, innovation, and new business development teams. Thorsen comes to ADT from Google where he served as Vice President of Devices and Services Business Development. Thorsen has also held leadership roles at Viacom, Telefónica Digital,...
Lacework welcomes Niels Provos as head of security efficacy
December 13, 2022SSN Staff
MOUNTAIN VIEW, Calif. – Cloud security services provider Lacework has announced that Niels Provos is joining the company as its first head of security efficacy.
Provos comes to Lacework with almost two decades of industry experience creating security teams that build infrastructure and systems for solving cloud security problems at scale. His unique view is to treat security as an engineering problem.
"Niels is one of the strongest security-minded leaders in the world...
Rapid Response names Indira Emmadi as Vice President of Information Technology
October 28, 2022SSN Staff
SYRACUSE, N.Y., CORONA, Calif., and HENDERSON, Nev.—Rapid Response Monitoring Services, Inc. has announced the appointment of Indira Emmadi as Vice President of Information Technology.
Emmadi joins Rapid Response from Palo Alto Networks, where she served as a Solutions Engineer managing engagements with their key strategic accounts and led a team that provided cybersecurity solutions to organizations like Google and Microsoft for their cloud services globally.
She started her career working...
ADT announces State Farm investment, partnership
September 6, 2022SSN Staff
BOCA RATON, Fla. and BLOOMINGTON, Ill.—ADT has announced it will receive a $1.2 billion equity investment from State Farm, resulting in the home insurance provider owning approximately 15 percent of the company after the equity investment and the tender offer close.
This investment will allow State Farm to acquire 133.3 million shares of ADT’s common stock at $9 per share.
In addition, ADT plans to partner with State Farm and build upon its existing relationship...
ADT reports second-quarter results
August 4, 2022Ken Showers, Managing Editor
BOCA RATON, Fla.—Smart home and small business security provider ADT released its second-quarter results today during an earnings call, with strong growth indicators and optimism for the third and fourth quarters.
The tone of the call was positive focusing on yearly gains and a positive look at financial outcomes for the rest of 2022.
“We delivered what I believe is our best quarter ever at ADT,” said ADT President and CEO Jim DeVries. A snapshot of the financials shows a...
HUMAN Security, PerimeterX announce merger to take on bots, identity fraud
July 28, 2022Ken Showers, Managing Editor
NEW YORK and SAN MATEO, Calif.—Bot and fraud prevention companies HUMAN Security, Inc. and PerimeterX have announced their merger.
Combined, the two companies will boast over 450 employees serving more than 500 customers and $100-plus million dollars in annual recurring revenue. With it, they hope to combat the swiftly rising incidents of bot attacks and fraud incidents affecting the technology sphere.
“The merger of these great companies brings together two exceptional teams of...
ADT, Google announce Nest smart home security integration
April 12, 2021SSN Staff
BOCA RATON, Fla. — ADT, a leading provider of security, automation and smart home solutions, has announced that its customers can now purchase Google Nest Mini, Nest Hub, and Nest Hub Max products and have them professionally installed by ADT’s nationwide network of smart home technicians.
According to ADT, if a customer’s hands are full, that person could just say, “Hey Google, disarm my security system” so he/she could go straight to the kitchen counter...
ADT + Google + Alarm.com?
November 11, 2020Paul Ragusa
Recent Q3 earnings announcements from smart home security giants ADT and Alarm.com helped to clear up the smart home picture a bit, as both companies addressed the current and future state of their partnership in light of ADT’s recent megadeal with Google earlier this year.
Both company CEOs talked at length about their future plans as it relates to all parties involved, creating an interesting landscape as the race to control the smart home tightens while getting a little less murky at...