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Apollo Funds to acquire Verizon Media for $5B

General News

Apollo Funds to acquire Verizon Media for $5B

May 10, 2021SSN Staff

NEW YORK—Verizon and Apollo Global Management, Inc. announced last week that Apollo Funds has entered into an agreement to acquire Verizon Media for $5 billion. Verizon will retain a 10 percent stake in the company, which will be known as Yahoo at the close of the transaction and continue to be led by CEO Guru Gowrappan. “We are excited to be joining forces with Apollo,” said Gowrappan in the announcement. “The past two quarters of double-digit growth have demonstrated...

Apollo Global Management, Mergers & Acquisitions, Verizon

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Also Noted

BriefCam analytics powers Verizon Intelligent Video Solution

November 23, 2020SSN Staff

BOSTON—BriefCam announced that its advanced video analytics software platform will serve as the analytics engine for Verizon’s Intelligent Video solution. The comprehensive monitoring service from Verizon helps law enforcement and security teams keep public and private facilities secure with near real-time, actionable data from video content. “Leveraging its award-winning network, Verizon is creating a best-in-class solution to enable the protection of all facilities in a...

BriefCam, Verizon, video analytics

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Freeus, LLC launches next generation Belle mPERS

May 6, 2019SSN Staff

OGDEN, Utah—Freeus, LLC, a wholesale mobile personal emergency response system (mPERS), announced the launch of the next generation of Belle®mPERS, certified on the Verizon 4G LTE network. This device offers the same low-maintenance, easy-to-use features as previous Belle products, along with state-of-the-art hardware and firmware, and IP67 water-resistance.“We are proud to offer the next generation of Belle to provide a solution for the forthcoming 3G turndown,” said Freeus COO,...

Brock Winzeler, Freeus, mobile medical alerts, mPERS, Orion IoT, PERS, Verizon, Verizon 4G LTE

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20 Under 40

End Users '20 under 40' 2017—Matt Cain

November 8, 2017Paul Ragusa, Editor

Matt Cain, 38Senior investigator—corporate security, VerizonNew YorkWorking as the senior investigator for one of the largest telecommunications providers in the world is something that Matt Cain said has been very rewarding.“Originally, I wanted to be in law enforcement but I took a position in LP catching shoplifters while going to college and never looked back,” he explained. “The more I learned about the industry, the more I learned I had a niche and I moved up very quickly.”He...

20 under 40: Class of 2017, Matt Cain, Verizon

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This Blog's on Fire (And Other Stuff)

Good news for security companies: Cable Guy's customer service ratings fall to new lows

May 21, 2014Tess Nacelewicz

Professional security companies proudly point to the good service they give consumers as an important differentiator between them and their giant cableco and telecom competitors. And a new consumer satisfaction survey suggests they don't have to worry about losing that edge to the Cable Guy anytime soon—because it shows new dips for Time Warner Cable and Comcast, and AT&T and DIRECTV don't fare too well, either. The American Customer Satisfaction Index released its annual measure of the communications...

ACSI, American Customer Satisfaction Index, AT&T, Comcast, Cox Communications, David VanAmburg, DIRECTV, Time Warner Cable, Verizon

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This Blog's on Fire (And Other Stuff)

Verizon getting out of home security?

February 12, 2014Tess Nacelewicz

It was big news in 2011 when Verizon got into home security/home automation with the launch of its Home Monitoring and Control service, which did not have a professional monitoring component. Now there's an even bigger buzz because it has now apparently discontinued the $9.99 per month DIY product. Verizon this past October stopped accepting new orders for the product, although it is continuing to let existing FiOS subscribers continue with it, according to the FierceCable website. I haven't heard...

Home Monitoring and Control, Verizon

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Monitoring Matters

Is the 2G sunset causing outages?

September 27, 2013Leif Kothe

AT&T's 2012 announcement that it would phase out 2G service left most in the alarm industry, well, unfazed. With wireless technology, such changes come with the territory. Moreover, it's not the alarm industry but the mobile phone industry that dictates network “sunsets.” As Lou Fiore, Chairman of the Alarm Industry Communications Commission, put it in a recent conversation: “As long as you go cellular, there is no endgame here.” A few months after the initial announcement,...

2G sunset, 3G, 4G, AICC, alarm monitoring, AT&T, CSAA, Lou Fiore, physical security, Sprint

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Influx of telecoms, cablecos into security not alarming, study says

June 7, 2013Tess Nacelewicz

AUSTIN, Texas—The penetration rate for U.S. residential intrusion alarm products will increase by 5 percent to 8 percent during the next three years, aided by the entrance of the new telecom and cableco players in the market, according to a recent study by IMS Research, now part of IHS.Adi Pavlovic, security and fire analyst for IHS, told Security Systems News that it's too early to tell how much the new players already have increased the penetration rate, which has been stalled at about 20...

Adi Pavolic, AT&T, Comcast, Cox Communications, IHS, IMS Research, Lowe’s, Time Warner, Verizon

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General News

Fireproofing the cloud

April 24, 2013Tess Nacelewicz

“Is my cloud provider secure?” That's a question security integrators often pose as they move their data off site to the cloud. But another important question they also might want to ask of cloud providers is: “Does the server farm where you're storing my valuable data have optimal fire protection?”As more and more businesses turn to cloud storage, such server farms, also known as data centers, are growing, not only in number but also in size. In fact, some centers cover an...

Alarm Tech Solutions, Gamewell-FCI, Honeywell, NFPA, Simplex Grinnell, UTC Climate Controls & Security, Verizon

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ADT targeted over early termination fees, unilateral price increases

March 20, 2013Tess Nacelewicz

WALNUT CREEK, Calif.—It's standard practice for security companies to charge customers early termination fees, but now a federal class-action lawsuit is targeting ADT for the penalties it imposes for early termination and also its unilateral price increases on monitoring contracts. The practices violate federal and state consumer protection laws, the lawsuit contends.“Just because something is a long-standing practice doesn't mean that it's legal,” L. Timothy Fisher, one of the...

ADT, Bursor & Fischer, class action lawsuit, Verizon

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