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Snap One acquisition completed by Resideo

Residential

Snap One acquisition completed by Resideo

June 17, 2024SSN Staff

SCOTTSDALE, Ariz. — Resideo Technologies, Inc. announced that it has completed the acquisition of Snap One, a provider of smart-living products, services, and software to professional integrators. Resideo said it will integrate Snap One into its ADI Global Distribution segment. Together, ADI and Snap One will provide integrators with an increased selection of both third-party products and proprietary offerings through an extensive physical branch footprint augmented by digital capabilities. The...

ADI Global Distribution, integrators, Jay Geldmacher, John Stroup, Nate Sleeper, Resideo Technologies, Snap One


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CivicPlus, Nextdoor ‘increase neighborhood resilience’

Residential

CivicPlus, Nextdoor ‘increase neighborhood resilience’

June 4, 2024Ken Showers, Managing Editor

MANHATTAN, Kan. — CivicPlus, a provider of integrated software solutions for local governments, has integrated with Nextdoor, a neighborhood-focused social media platform.   Using the combined platform, which brings together CivicPlus' Mass Notification System with Nextdoor's hyper-local messaging capabilities, local agencies can improve response rates, mitigate the impact emergencies have on communities, foster greater trust with residents, and strengthen public safety...

Cari Tate, CivicPlus, Joseph Porcelli, Nextdoor, public safety, Residential, Social Media


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House Proud

Residential

House proud

June 4, 2024Ken Showers, Managing Editor

ST. LOUIS — Latch, soon to be DOOR, is launching the DOOR app, which consolidates its access control services, and introducing its AI assistant, Doorman.   “The DOOR app literally unlocks our technology in your building,” said Chief Doorman Jamie Siminoff, who founded Ring, sold it to Amazon and then launched Honest Day’s Work (HDW), during a video reveal event. “For those that currently have Latch in their building, the DOOR app will be replacing the Latch...

Access Control, Artificial Intelligence (AI), DOOR, Honest Days Work (HDW), Jamie Siminoff, Latch


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DOOR hosting reveal event

Residential

DOOR hosting reveal event

May 28, 2024SSN Staff

ST. LOUIS — Latch, Inc., soon to be DOOR, has announced it will host a virtual reveal event on June 4, 2024 to unveil its first major set of products and services it says focuses on, “…reinventing how we live in our residences.” Latch revealed that the new residential system and services take advantage of several developments that the company has been working on behind the scenes. Earlier this year Latch acquired The Broadway Company (TBC), a property management business,...

DOOR, Door.com, Jamie Siminoff, Latch, Net Operating Income (NOI), Residential, The Broadway Company (TBC)


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Alarm.com touts cross-selling, data mining

Residential

Alarm.com touts cross-selling, data mining

May 10, 2024Ken Showers, Managing Editor

TYSONS, Va. — Alarm.com CEO Steve Trundle, in a recent conference call, highlighted the company’s Connected Fleet offering, which it began offering to partners in April and which he says sets the stage for cross-selling opportunities.  The company talked up the offering – a cloud-based vehicle management solution – with partners at ISC West 2024.  “Many of our partners indicated that connected fleets product integration, along with their existing trusted...

2024, alarm.com, Artificial Intelligence (AI), cameras, Connected Fleet, Data Analytics, ISC West, SaaS, Steve Trundle


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‘No stone unturned’ as Resideo seeks value from acquisition

Residential

‘No stone unturned’ as Resideo seeks value from acquisition

May 8, 2024Ken Showers, Managing Editor

SCOTTSDALE, Ariz. – Resideo Technologies’ recent acquisition of Snap One provided a nice layup for company executives to talk about the impact on the company’s financial performance during a recent conference call.  Resideo President and CEO Jay Geldmacher told investors on the call that Resideo had identified meaningful cost synergies between ADI and Snap One.  “Needless to say, the team is quite excited about the future integration of Snap One into Resideo,...

Access Control, ADI Global Distribution, Jay Geldmacher, Residential Security, Resideo Technologies, Snap One


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ASSA ABLOY seeks to ‘protect the bottom line’ in US

Residential

ASSA ABLOY seeks to ‘protect the bottom line’ in U.S.

May 1, 2024Ken Showers, Managing Editor

STOCKHOLM – As challenges continue to mount in the residential security market in the U.S., ASSA ABLOY is making sure it “adapts cost to the new reality,” says President and CEO Nico Delvaux.  “It's clear that we continue to operate in an uncertain economic climate,” he said. “As I said in previous quarters, we will continue to take advantage of those opportunities we see in the market. There are still regions where we see very good momentum. There...

2024, Assa Abloy, First Quarter (Q1), Mergers & Acquisitions, Nico Delvaux, Residential Security


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ADT highlights new platform, relationship with Google

Residential

ADT highlights new platform, relationship with Google

April 30, 2024Ken Showers, Managing Editor

BOCA RATON, Fla. – ADT’s refocus on its core consumer security and smart home business has paid off, with a strong start to 2024, company officials said.  The company reported total revenue of $1.2 billion for the First Quarter (Q1), with end-of-period recurring monthly revenue (RMR) up 3% to $353 million ($4.2 billion on an annualized basis). Consumer and Small Business (CSB) revenue was up 5% and segment Adjusted EBITDA was up 8%. The company also reported strong customer retention,...

ADT, Consumers and Small Business (CSB), First Quarter (Q1), Jeff Likosar, Jim DeVries, recurring monthly revenue (RMR), smart home


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Simplisafe rolls out early access live guard outdoor service

Residential

Simplisafe rolls out early-access live guard outdoor service

April 23, 2024Ken Showers, Managing Editor

BOSTON – Home security company SimpliSafe has announced it will give select customers early access to its live guard outdoor protection service.   SimpliSafe says its new monitoring service introduces a double-layer approach to home security, combining the power of artificial intelligence technology with a team of expert monitoring professionals to prevent crime before it happens. The new service builds on the company’s recently launched 24/7 live guard protection.  “For...

Christian Cerda, home security, Hooman Shahidi, monitoring, SimpliSafe


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ADI ready to “Snap” into place following parent company acquisition

Residential

ADI ready to 'Snap' into place

April 23, 2024Ken Showers, Managing Editor

MELVILLE, N.Y. – Resideo Technologies picked up Snap One Holdings on April 15 for $1.4 billion in a move that will combine the Control4 technology platforms of Resideo subsidiary ADI Global in the security market with Snap One's capabilities in the smart living market.  The deal is off to a great start: Moody’s Investor Service described it as “credit positive” and Snap One’s shares gained 29% following the announcement.  “The highly complementary...

ADI, Control4, Resideo Technologies, Rob Aarnes, Snap One


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