Tag: solar

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...

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 Alarm.com 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...

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. And the...

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 systems in...