SAFE Security acquires thousands in accounts, RMR

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10/30/2013

The good news keeps on coming from SAFE Security. I just wrote recently how the San Ramon, Calif.-based company—celebrating its silver anniversary this year—has doubled in size. Now, SAFE has announced this week that it has acquired more than 16,000 accounts, representing $650,000 in RMR.

The new accounts are CastleRock Security residential and commercial alarm monitoring subscriber accounts.

“These accounts fit very nicely into our U.S. and Canada footprint,” Paul Sargenti, SAFE president, CEO and founder, said in a prepared statement in an Oct. 29 news release. “With this acquisition we have more than doubled our account base since 2012. We are well equipped to assimilate them and look forward to providing the highest standard in security services to these new subscribers.”

Sargenti added, “SAFE is firmly positioned as a full service alarm company and this purchase complements our other growing revenue channels.”

The company says it also is seeing strong organic growth from its dealer program, SAFE Dealer Network.