Residential
ADT acquires Portland-based smart home automation provider IOTAS
June 24, 2022SSN Staff
BOCA RATON, Fla.—ADT Inc., the most trusted brand in smart home and small business security, recently acquired Portland, Ore.-based smart home automation provider IOTAS. Terms were not disclosed.
According to IOTAS, the combination of ADT Multifamily smart home solutions and IOTAS’ smart home technology will create “the next generation of smart apartments, with first-of-its-kind, in-app mobile protection for residents, coupled with even more reliability, safety and stability.”
“By...
ADT publishes 2021 environment, social and governance (ESG) report
May 5, 2022SSN Staff
BOCA RATON, Fla.—ADT Inc., the most trusted brand in smart home and small business security, today published its 2021 environmental, social and governance (ESG) report detailing the steps the company has taken to advance its ESG program.
“Respecting the environment, promoting social responsibility and leading with responsible governance are fundamental to who ADT is and guide our safe, smart and sustainable business practices,” said ADT President and CEO Jim DeVries....
DIY systems constituted 50% of all security system sales in past year, report says
April 18, 2022SSN Staff
ADDISON, Texas—New Parks Associates consumer research announced recently at ISC West reveals that 50 percent of all security system sales in the past year were DIY solutions.
The firm’s Residential Security Tracker notes that systems with professional installation continue to hold about 50 percent of the marketplace, but if consumer intentions hold, DIY systems will soon constitute the majority of the market. The firm’s 4Q 2021 update assesses the residential security...
CEDIA survey reveals home technology industry now exceeds $20B
April 7, 2022SSN Staff
FISHERS, Ind.—CEDIA, a global trade association for the home technology industry, released the Integrated Home Market Analysis in partnership with market research firm, Ancrage Consulting LLC, revealing that the integrated home market is at $20.1B.
Respondents were surveyed online from August to October 2021 and asked to report on revenue figures from the last 12 months and provide projections for 2022. Objectives include the size of the integrated home industry, areas of expenditure, project...
Ring announces new integration for cameras that support ONVIF
February 28, 2022SSN Staff
HAWTHORNE, Calif.—Ring, whose mission is to make neighborhoods safer, has announced the rollout of a new integration for cameras that support ONVIF, an open standard that allows devices to communicate with each other, even if they are from different manufacturers.
Examples of these cameras include the dome cameras you often see on commercial buildings and small businesses.
Once available in late April, Ring customers with Ring Alarm Pro and a Ring Protect...
Resideo to acquire First Alert Inc. for $593M, reveals Q4 financials
February 7, 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, announced that it has entered into a definitive agreement to acquire First Alert, Inc., a provider of home safety products, from Newell Brands Inc. for $593 million in an all cash transaction, or approximately $547 million net of expected future tax benefits.
"The addition of First Alert to the Resideo portfolio...
Home security concerns on the rise, study shows
December 28, 2021SSN Staff
DALLAS—A new whitepaper from Parks Associates, produced in partnership with Xfinity Home, reveals 27 percent of U.S. broadband households report far more concern now about the physical security of home than five years ago. That number rises to 43 percent among households with children.
“The uncertainty caused by the pandemic has heightened consumer anxiety about the safety and security of their families and homes and expanded the volume and type of consumers searching for safety-related...
Parks’ 25th annual CONNECTIONS conference sheds light on smart home
November 19, 2021SSN Staff
DALLAS—Parks Associates recently hosted its 25th annual CONNECTIONS: The Premier Connected Home Conference in a virtual format, featuring new research on app usage, smart home platforms, new partnerships, and the expanded integration between various product ecosystems.
The event, sponsored by Alarm.com, Calix, Cox Communications, SmartRent, Xfinity Home, Bitdefender, Johnson Controls, Notion, Tuya, Ayla Networks, Plume, and Airties, addressed privacy and security issues, UI preferences,...
ADT reports third quarter 2021 results
November 10, 2021SSN Staff
BOCA RATON, Fla.—ADT Inc. reported results for the third quarter of 2021, highlighted by increasing revenue, subscribers, end-of-period RMR and a strong commercial rebound.
ADT's operational highlights announced for Q3 2021, versus the prior year, were:
Monitoring and related services revenue increased 5 percent
Gross recurring monthly revenue (RMR) additions grew 7 percent in the third quarter, 19 percent year-to-date
End-of-period RMR of $356 million increased by...
ADT buys Sunpro Solar, launches ADT Solar to expand home offerings
November 9, 2021SSN Staff
BOCA RATON, Fla.—ADT announced an agreement to acquire Sunpro Solar, one of the largest residential rooftop solar contractors in the U.S., for $160 million in cash plus approximately 77.8 million shares of ADT common stock, implying a total enterprise value of approximately $825 million.
ADT will rebrand Sunpro to “ADT Solar” and enter the rooftop solar business to offer ADT customers a protected, connected, and now powered home.
“With its strong focus on the customer,...