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Tag: State Farm

Also Noted

Allied Universal security professional honored by American Red Cross

November 22, 2023SSN Staff

IRVINE, Calif. – Mark Paul, a security professional for Allied Universal, was honored by The American Red Cross at its Evening of the Stars event for his heroic life-saving actions. Paul was recognized for assisting an individual in need and saving their life while on shift at Allied Universal’s client State Farm Park in Illinois. Allied Universal said that Paul helped a State Farm employee who collapsed from cardiac arrest by administering CPR while another worker administered an...

Allied Universal, Mark Paul, State Farm, Steve Jones, The American Red Cross

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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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ADT presents Q3 fiscal results


ADT presents Q3 fiscal results

November 4, 2022Ken Showers, Managing Editor

BOCA RATON, Fla.—Security giant ADT released its fiscal third quarter financial results this week, highlighting monthly revenue and partnerships. President and CEO Jim DeVries described ADT’s performance in the third fiscal quarter as strong with top line growth at 22 percent to $1.6 billion. It generated an adjusted net income of $83 million ($0.10 per share). DeVries also said the quarter resulted in an improved adjusted EBITDA that was up 12 percent year over year. In...

ADT, EBITDA, Google Nest, Jim DeVries, Paul Smith, recurring monthly revenue (RMR), State Farm, Third Quarter (Q3)

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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, Google, Google Nest, Jim DeVries, Paul Smith, Rishi Chandra, State Farm

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Also Noted

CSAA awards State Farm's Joe Miskulin

December 22, 2016SSN Staff

VIENNA, Va.�CSAA awarded Joe Miskulin, manager at State Farm Central Monitoring Services, the CSAA President's Award for his service to the monitoring industry. “This is completely unexpected and humbling for someone like me, who came into this profession with a ton of questions and no experience to speak of,” Miskulin said in CSAA's announcement. “I don't have the words to thank all of the mentors that have helped me along the way.” Miskulin has been with...

Joe Miskulin, State Farm, The Monitoring Association (TMA)

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Monitoring Matters

New tech, like the cloud, coming to central stations

July 15, 2015Spencer Ives

Even a few weeks past it, I'm still thinking about ESX and what resonated with me about some of the panels. One in particular, “Central Station Technology—The Latest and Greatest,”�has kept me thinking. Panelists included Jay Hauhn, CSAA's executive director, Jens Kolind, VP of external partnerships for IBS, and Chris Larcinese, cloud-based services market manager in the Americas for Bosch Security Systems. Joe Miskulin, proprietary central station manager for State...

2015, Bosch, Chris Larcinese, cloud adoption, Electronic Security Expo (ESX), IBS, Jay Hauhn, Jens Kolind, Joe Miskulin, State Farm, The Monitoring Association (TMA)

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ESX Panel: To PERS or Not to PERS

July 1, 2015Spencer Ives

BALTIMORE—Monitoring PERS and mPERS is different from monitoring traditional alarms, ESX 2015 panelists said in the “To PERS or Not to PERS” educational session, and those who can't handle all that monitoring PERS entails in-house might be better leaving that the market to central stations that can. Yaniv Amir, president of Essence, Justin Bailey, COO of AvantGuard, and Daniel Oppenheim, VP of Affiliated Monitoring, were the panelists. Joe Miskulin, central station manager...

2015, Affiliated Monitoring, Daniel Oppenheim, Electronic Security Expo (ESX), Essence, Joe Miskulin, Justin Bailey, mPERS, Personal Emergency Response System (PERS), State Farm, yaniv amir

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This Blog's on Fire (And Other Stuff)

ADT partners with State Farm to promote Pulse

December 3, 2013Tess Nacelewicz

Security companies often use as a selling point the fact that insurance companies give discounts to homeowners who have a security system. But ADT announced this week that it is leveraging that insurance company relationship in a new way: by partnering with State Farm to give that leading insurer's customers special deals on Pulse. And the customers who get Pulse can also end up with a discount on their State Farm home insurance. Seems like a pretty smart way to get customers to sign up for a smart...

ADT, Don Boerema, Jack Weekes, Pulse, State Farm

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