Tag: Todd Santiago
Nortek to buy 2GIG for $135m
February 14, 2013Martha Entwistle
PROVIDENCE, R.I.—Nortek, parent company of Linear, announced this morning that it will acquire 2GIG Technologies for $135 million.
2GIG, known for its Go!Control system, is a manufacturer of security and home automation equipment. The company was launched in 2009 by two former Honeywell employees.
Nortek's Linear business helped develop the 2GIG Go!Control product. Linear was in the news a couple of weeks ago when it purchased a line of Z-Wave-enabled products.
“Our partnership...
CAA symposium to feature four top industry execs
October 10, 2012Leif Kothe
SAN FRANCISCO—Leaders from four security companies will speak at an executive symposium at the California Alarm Association's 2012 Winter Convention, to be held here Dec. 5-8.
The symposium, slated for Friday, Dec. 7 from 1:30 to 3 p.m., will include Todd Santiago, CEO of 2GIG; Todd Pedersen, CEO of Vivint; Tim Whall, CEO of Protection 1; and Bruce Mungiguerra, VP of sales and dealer development for Monitronics.
This will be the 11th year in a row that the convention lineup has included...
Vivint to be sold to Blackstone in $2 billion deal
September 18, 2012Martha Entwistle
PROVO, Utah—Vivint has entered into an agreement with the Blackstone Group to be acquired in a deal worth “north of $2 billion,” Todd Pedersen, Vivint CEO, told Security Systems News.“We're pretty happy about it,” he said.The deal, which Security Systems News did some initial reporting on last week, is expected to close before the end of the year.Blackstone will buy out Vivint's current equity partners Goldman Sachs, Jupiter Partners and Peterson Partners. Vivint management,...
This Blog's on Fire (And Other Stuff)
Running, walking and talking—Day 2 at ISC West
March 30, 2012Tess Nacelewicz
Day 2 of ISC West started off with a bang … as in the bang from the starter's pistol as I ran in the annual Mission 500 Security 5K, the running race that Security Systems News helps sponsor.
Not only does the race do good—this year the more than 500 participants helped raise about $80,000 for needy children in Mexico, India and Tanzania—but it's a legitimate excuse to take some time to exercise at this busy show. And this year it featured new event, a 2K walk. I heard from several...
2GIG voluntarily recalls some panel components
November 14, 2011Tess Nacelewicz
CARLSBAD, Calif.—2GIG Technologies, a home security systems developer known for its Go!Control panel—an all-in-one security and home automation system with a touchscreen interface—recently announced a voluntary recall of some of the GSM radio modules used with the panels because of a possibility they might overheat.
“We decided to do this out of an abundance of caution,” Todd Santiago, president of the company, which is based here, told Security Systems News in an...
ISC West features new partnerships and acquisitions
April 7, 2011SSN Staff, SDN Staff
LAS VEGAS—What was new on Day 1 of ISC West 2011? As usual, there were a number of partnership announcements and a couple of acquisitions; new this year was lots of talk about physical security information management systems. PSIM announcements abounded on the show floor.
IPVideo Corporation announced its first endeavor into the PSIM space with the release of C3 Fusion. Steve Sleicher, chief operating officer with IP Video said that the company, which has a video management software platform,...