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Tag: solar

Also Noted

Product Launches: Latch, Verkada, Hikvision, Vivotek

May 14, 2024SSN Staff

Latch M3 Retrofit Lock Latch has announced its new M3 Retrofit Lock, which is designed to retrofit common mortise locks from Schlage, Sargent, Corbin, Marks, and Best. Mortise locks are a commonly used locking system in multi-family properties, which makes the M3 an efficient way for owners to seamlessly upgrade their resident experience and drive Net Operating Income (NOI). The new M3 joins Latch’s suite of locks, access control solutions, and building monitoring systems that help Latch...

AI-powered, Hikvision, Latch, Network Camera, solar, Verkada, VIVOTEK

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ADT 3Q gains driven by strong retention, divestiture of commercial business


ADT Q3 gains driven by strong retention, divestiture of commercial business

November 7, 2023SSN Staff

BOCA RATON, Fla. – ADT is reporting a significant improvement to its balance sheet in its third fiscal quarter, thanks to the divestiture of its former commercial division, as well as strong retention numbers and revenue from Consumers and Small Business (CSB). A list of financial highlights from the quarter include total revenue of $1.2 billion with end-of-period recurring monthly revenue (RMR) up 3% to $350 million, high customer retention with gross revenue attrition maintaining 12.9%,...

ADT, Consumers and Small Business (CSB), Jim DeVries, recurring monthly revenue (RMR), solar, Third Quarter (Q3)

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Also Noted

Hikvision extends solar-powered kit offering

September 25, 2023SSN Staff

CITY OF INDUSTRY, Calif. – Hikvision, manufacturer and supplier of security products and solutions, has introduced the 4 MP Motorized Varifocal Bullet Solar Wireless Camera Kit (DS-2XS6A47G1-IZS/C36S80) and the 4 MP License Plate Recognition (LPR) Bullet Solar Power Network Camera Kit (DS-2XS6A47G1/P-IZS/C36S80). Both solar additions have spectacular features according to Hikvision, which provide security for users anytime, anywhere there is no power supply, internet wiring, or a high cost...

Hikvision, John Xiao, License Plate Recognition (LPR), security products, solar

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SSN news poll results show lack of faith in ADT sale

General News

SSN News Poll: uncertainty surrounds ADT sale

September 15, 2023Ken Showers, Managing Editor

YARMOUTH, Maine – Last month, ADT made the decision to sell its commercial business, and Security Systems News (SSN) asked readers to chime in and show how that decision is being received. From interviews at GSX this week, ADT Commercial has made it clear that its excited about the sale, upcoming name change that has yet to be revealed, and the future potential of the company. The readers' response to the decision by parent company ADT to focus on residential, however, was...

ADT, ADT Commercial, Google, Residential, solar

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Monitoring Matters

Sunny Disposition

August 9, 2023Ken Showers, Managing Editor

I woke up to some awfully big news today in the security world as ADT announced the divestiture of its commercial business. If one of you, dear readers, had an inkling about this occurring before it did, I’d like to know your sources, or at least have you pick some lottery numbers for me. When I read about divestiture it normally tracks pretty easily for me. For example, when Securitas dropped its Argentinean holdings, I wasn’t shocked. They had been facing a tough economic situation...

ADT, commercial, Residential, Securitas, Security, solar

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“Exciting road ahead” for ADT as Q2 call doubles down on residential and small business


'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...

2023, ADT, ADT Commercial, commercial security, Earnings Call, fire and life safety, Jim DeVries, recurring monthly revenue (RMR), Second Quarter (Q2), solar

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ADT Q4 sees record high retention, recurring monthly revenue


ADT Q4 sees record-high retention, recurring monthly revenue

March 1, 2023Ken Showers, Managing Editor

BOCA RATON, Fl. – ADT Inc. has seen its fourth consecutive financial quarter results hit record highs as the company released its results on Feb. 28. Of note the company pulled in a Q4 total revenue of $1.6 billion, up 19 percent from last year, 8 percent when excluding solar and end-of-period recurring monthly revenues. ADT also boasted record-high customer retention with a gross customer revenue attrition rate of 12.5 percent.  The company’s total revenue was...

ADT, customer retention, Financial Results, Fourth Quarter (Q4), Jamie Haenggi, Jim DeVries, recurring monthly revenues, solar, State Farm

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Residential integrates Kohler/Phyn water monitoring solutions to platform

October 5, 2022SSN Staff

KOHLER, Wis. and LOS ANGELES – Bath and kitchen product innovator Kohler joined with Phyn, a leader in intelligent water solutions, to provide their suite of home monitoring solutions to the platform. Kohler and Phyn say the integration make it easier for customers to track their water consumption identifying areas of excess use, and track leaks in real time to help conserve money and resources. "We are very excited to offer Kohler's new H2Wise solution as an option for..., Felicia Ratka, Huston Sprang, Kohler, Phyn, Shawn Barry, Smart Home Monitoring, solar, Toll Brothers

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This Blog's on Fire (And Other Stuff)

Vivint Solar seeks to raise $200m through IPO

September 3, 2014Tess Nacelewicz

The fact that Vivint Solar officially filed with U.S. regulators last week for an initial public offering of common stock is an indication that solar continues to be a hot option for security companies. Vivint Solar's parent company is Provo, Utah-based home automation/home security company Vivint, which was bought by The Blackstone Group in 2012 for more than $2 billion. Now, Reuters reported Aug. 26, Vivint Solar has filed for an IPO and set its fundraising target at about $200 million....

GHS Interactive Security, Merrill Lynch, Protection One, solar, The Blackstone Group, Vivint, Vivint Solar

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Protection 1 adding solar to its mix

August 8, 2014SSN Staff

ROMEOVILLE, Ill.—Protection 1, based here, is joining the trend of security companies selling solar, the company has announced. Protection 1, one of the nation's largest home and commercial security companies with almost 2 million customers, announced in an Aug. 8 news release that it will “launch Brite Energy, powered by Protection 1 and backed by private equity firm GTCR.” Chicago-based GTCR bought Protection 1 in 2010. Protection 1 is expected to begin selling solar...

Brite Energy, GHS Interactive Security, Protection One, solar, Tim Whall, Vivint

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