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Wayne Thorsen appointed to ADT Chief Business Officer

Residential

Wayne Thorsen appointed to ADT EVP, chief business officer

January 9, 2023SSN Staff

BOCA RATON, Fla. – ADT announced that is has appointed Wayne Thorsen to the newly created role of executive vice president and chief business officer, effective immediately. ADT stated that Thorsen will be responsible for leading the company’s product, innovation, and new business development teams. Thorsen comes to ADT from Google where he served as Vice President of Devices and Services Business Development. Thorsen has also held leadership roles at Viacom, Telefónica Digital,...

ADT, Google, Jim DeVries, Microsoft, SoFi, Telefónica Digital, Viacom, Wayne Thorsen


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Kaadas launches expansion into North America

Residential

Kaadas launches expansion into North America

January 5, 2023SSN Staff

LAS VEGAS – Chinese smart lock brand Kaadas showcased its line of smart lock solutions at CES 2023 in launching its expansion into North America. The Kaadas Group announced in a release that the rapidly growing company is adding employees throughout North America, and that Kaadas North America will be operating a warehouse in Southern California with a complete, full product showroom. The branch is set to offer traditional electronic locks as well as Wi-Fi, Bluetooth,...

Allegion, Assa Abloy, CES 2023, electronic locks, Kaadas, Kaadas North America, Nick English, smart lock, smart lock solutions, Z-Wave Alliance


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ADT introduces self-setup with Google Nest products

Residential

ADT introduces self-setup with Google Nest products

January 3, 2023SSN Staff

LAS VEGAS – At the Consumer Electronics Show (CES), ADT introduced the ADT+ app as part of a new fully integrated product ecosystem. According to ADT, customers will now be able to access and control their ADT devices more easily. That includes a base, keypad, motion sensors, door and window sensors, smart bulbs, smart locks and smoke/carbon monoxide detectors, as well as compatible Google Nest Cams, Doorbell and Thermostats, through, “…an intuitive app experience,” the...

ADT, ADT+ app, Consumer Electronics Show (CES), Doorbell, Google Nest, Raya Sevilla, Residential, smart locks, thermostats


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Government funding bill includes $2.5M for senate home security

Residential

Government funding bill includes $2.5M for U.S. Senate home security

December 20, 2022Ken Showers, Managing Editor

WASHINGTON, D.C. – Congress will be voting on the federal government's $1.7 trillion funding bill, the Consolidated Appropriations Act of 2023, and among its many expenditures is $2.5 million toward residential security for U.S. Senate members. On page 1,137 of the nearly 4,200-page document, bill writers stated that, “For expenses of the Office of the Sergeant at Arms and Doorkeeper of the Senate, $171,844,000, of which $160,144,000 shall remain available until...

Consolidated Appropriations Act of 2023, Doorkeeper of the Senate, Mike Crapo, Office of the Sergeant at Arms, Paul Pelosi, Residential Security, Security


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Eufy responds to allegations of insecure cameras, violation of privacy laws

Residential

Eufy responds to allegations of insecure cameras, violation of privacy laws

December 8, 2022Ken Showers, Managing Editor

SEATTLE – Following weeks of accusations of insecure data streams and mishandled user data, Anker brand eufy has given its response. Original allegations surfaced in a Nov. 21 tweet from Information Security Consultant Paul Moore, who inquired with the company why its home security cameras were uploading faces in his local storage to its servers unencrypted, and further why he was able to stream from his camera without authentication. [email protected] - Couple of Q's Why...

Anker, AWS, Eufy, Eufy Security app, home security cameras, insecure data stream, Paul Moore, security consultant, VLC


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NRG Energy Inc. to acquire Vivint Smart Home Inc.

Residential

NRG Energy Inc. to acquire Vivint Smart Home Inc.

December 6, 2022SSN Staff

HOUSTON & PROVO, Utah – NRG Energy Inc. has entered into an agreement to acquire Vivint Smart Home Inc. for $12 per share, or $2.8 billion in cash.   NRG says the acquisition positions them as the leading essential home services provider and accelerates their growth plan. “Last year at our Investor Day, we presented our strategic roadmap to becoming the leading provider of essential services for homes and businesses, informed by consumer trends and underpinned by disciplined...

acquisition, alarm.com, CPI Security, david bywater, EBITDA, home services provider, Mauricio Gutierrez, NRG Energy Inc., smart home, Vivint Smart Home Inc.


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ASSA ABLOY completes sale of Emtek and Smart Residential towards HHI acquisition

Residential

ASSA ABLOY completes sale of Emtek and Smart Residential toward HHI acquisition

December 2, 2022SSN Staff

YARMOUTH, Maine – On Dec. 2 ASSA ABLOY announced that it has entered into binding agreements with Fortune Brands Home & Security with regard to the sale of its Emtek and Smart Residential businesses. Following ASSA ABLOY’s bid to acquire Spectrum Brands HHI (Home and Hardware Improvement) division, the U.S. Department of Justice (DoJ) filed an antitrust lawsuit to block it on Sept. 15, 2022. As part of efforts to clear a path for the acquisition ASSA ABLOY moved to divest...

Assa Abloy, Emtek, Fortune Brands Home & Security, Jonathan Kanter, Nico Delvaux, Smart Residential, Spectrum Brands HHI, U.S. Department of Justice (DOJ)


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Pyronix introduces new SmartHome products and features for HomeControl 2.0

Residential

Pyronix introduces new SmartHome products and features for HomeControl 2.0

December 1, 2022SSN Staff

ROTHERHAM, UK – Pyronix has announced new products in its SmartHome line and features for its HomeControl 2.0 app as part of its offering in the intruder alarm and smart home markets. It’s thanks to HomeControl 2.0 that managing and controlling security systems is made that much easier and efficient according to Pyronix.  “We’ve been working hard to develop a number of new products and features for HomeControl2.0 that offer our installers innovative solutions for boosting...

biometric login, geofence, HomeControl 2.0, installers, intruder alarm, Laurence Kenny, Pyronix, smart home, SmartHome, SmartPlug


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Alarm.com projects considerable revenue impact following arbitration filing against Vivint

Residential

Alarm.com sees considerable revenue impact following Vivint arbitration filing

November 16, 2022Ken Showers, Managing Editor

TYSONS, Va. - Nov. 8 saw both Alarm.com and Vivint hold their Q3 earnings calls, but it’s Alarm.com that is left holding the short end of the stick as it has filed for arbitration against the latter. The aftermath of the Q3 report saw Vivint’s stock surge 20% to close at $8.44 by days end. Alarm.com comparatively slipped in late October after an update provided on a licensing dispute with Vivint that will have a major impact for the company beginning in Q4 and continuing into the next...

alarm.com, cross-license agreement, david bywater, licensing dispute, patent, SaaS, Steve Trundle, Vivint


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Resideo

Residential

Resideo announces Q3 2022 financial results

November 13, 2022SSN Staff

SCOTTSDALE, Ariz.—Resideo Technologies, Inc., a global provider of home comfort and security solutions and distributor of commercial and residential security and audio-visual products, has announced Q3 financial results ending Oct. 1, 2022. Among the Q3 2022 highlights were: Net revenue of $1.62 billion, up 8 percent from $1.5 billion in the third quarter 2021 Gross profit margin of 26.6 percent, compared to 28.1 percent in the prior year comparable period Operating...

ADI Global Distribution, Jay Geldmacher, Resideo Technologies


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