Subscribe to RSS - PERS

PERS

Private equity firm invests in mPERS company

 - 
Wednesday, May 21, 2014

The PERS market has become somewhat notorious for its lack of acquisition activity, a surprising reality given the demographic trends in America that appear to favor such a market.

Many industry watchers on the private equity side attribute the lack of acquisitions to valuations that have yet to ripen. Some hold that as churn decreases, generating longer average account lives, outside investment is bound to pick up. With greater scale and higher multiples, the acquisitions will follow.

Enter Stonehenge Growth Equity Partners, a Tampa-based private equity firm that recently invested an undisclosed amount in MobileHelp, a mobile PERS provider based in Boca Raton, Fla.,—this according to multiple reports, including an article form the Tampa Business Journal.

Stonehenge summarizes its investment strategy on its website, noting that it typically invests in growth stage businesses and “aims to catalyze rapid growth of companies in up-and-coming markets.” The firm also says its typical investment size is between $1 and $5 million, and that it typically targets companies that have at least $3 million in revenue and are profitable.

Like many investment firms, Stonehenge likes the recurring revenue business model.

No question, then, that MobileHelp fits many of the firm’s ideal investment characteristics. Henry Edmonds, president of The Edmonds Group, an investment bank in St. Louis, said it’s very good news that private equity investors are supporting PERS businesses. He added that it’s unsurprising Stonehenge chose to invest in MobileHelp, which Edmonds characterized as a “leading provider of mobile PERS solutions,” that has distinguished itself in an increasingly competitive market.

“I think we’ll see a lot more of this as people get beyond the early stage and nascent products and once they’ve established a niche in the industry as MobileHelp has done,” Edmonds said. “I think it will be likely that these kinds of companies will attract new capital, because it’s an exciting space.”

He described the PERS and mobile PERS market as “the wild wild west,” in a certain sense, because there are a lot of products currently vying for attention.

“But if you can rise above the fray as MobileHelp has done, it’s a great opportunity because of all the current and expected growth in mobile PERS and mobile security,” Edmonds said.

I’ll be following up on this story in the coming days. I plan to piece together an article about the implications of this investment, bringing together the perspectives of MobileHelp, Stonehenge, and others on the private equity side who’ve been monitoring the PERS valuation market for some time now.

PERS provider, home care company team up

 - 
05/13/2014

WYNNEWOOD, Pa. and HAVERTOWN, Pa.—MedScope, the a provider of medical alert systems, and Visiting Angels, an in-home care company, have announced a partnership to provide MedScope’s array of PERS devices and services to Visiting Angels’ franchisees, according to a joint statement.

World Wide Security changing the PSAP data model for mPERS

The company’s PERS division, Life Button 24, is rolling out a new service that central stations can use to get timely PSAP data
 - 
05/07/2014

GARDEN CITY, N.Y.—Since the inception of mobile PERS, central stations have faced the problem of getting the devices to cheaply and reliably identify the appropriate public safety answering point during an emergency situation.

MobileHelp earns new patent

 - 
04/23/2014

BOCA RATON, Fla.—MobileHelp, a provider of mobile PERS technology, announced that it was issued its ninth patent, titled “Human Health Monitoring Systems and Methods,” which extends beyond simple emergency response to a “broader ecosystem for health monitoring,” accordin

LogicMark says mPERS not just for seniors

To be unveiled at ISC West, the mobile unit, SentryPal, is envisioned as product for teens and college students
 - 
03/26/2014

LOUISVILLE, Ky.—PERS provider LogicMark, based here, is making a foray into the mobile PERS market with the launch of SentryPal, set to be rolled out at ISC West.

Gilbert launches Pinnacle Advisory Services

 - 
03/10/2014

WOODBURY, N.J.—Industry veteran Marc Gilbert, who has worked in the alarm and PERS industry for 25 years has launched Pinnacle Advisory Services, providing due diligence and other services to security industry lenders and security companies.

Monitronics partners with remote care platform company

 - 
02/25/2014

DALLAS—Monitronics, a third-party central station based here, is optionally integrating Vivify’s Remote Care Management Platform into its offerings, according to a news release.

NationWide enters mobile PERS market

VP of sales and marketing: Offering has huge upside
 - 
02/12/2014

FREEPORT, N.Y.—NationWide Digital Monitoring, which earlier this year expanded its footprint in the Southeast, is now stepping up its presence in the PERS space with launch of its first mobile PERS unit.

Alarm.com puts its own spin on PERS

The offering, called Wellness, leverages sensors, panic buttons and mobile notifications
 - 
01/21/2014

VIENNA, Va.—Alarm.com, an interactive services provider based here, unveiled an offering at the Consumer Electronics Show in January that blends traditional PERS elements with the sensors and home automation features the company has built its brand around.  

Alarm.com puts its own spin on PERS

 - 
Wednesday, January 8, 2014

Alarm.com’s new Wellness solution, unveiled recently at CES, may perform some of the same functions as a traditional PERS unit, but the solution has the unmistakable stamp of an Alarm.com offering.

The solution combines mobile notifications and sensors with the company’s home automation platform, a medley of functionalities that make it a unique contribution to the independent living product realm, which is fast becoming a widespread RMR-generating fixture in the industry.

That’s not to say Wellness doesn’t feature some of the typical trappings of more traditional PERS technology. The solution includes panic buttons, for instance. But how the offering differs from traditional PERS units in some ways parallels how Alarm.com initially distinguished itself as a company in the residential security space—through its automation functions. Through a network of sensors, the solution can automatically detect unusual information and send mobile notifications to caregivers.  

Since Wellness is fully integrated with the company’s home automation, energy management and security services, the offering essentially slots in as another component of the broader ecosystem of a connected home. Another neat wrinkle to the offering, and one that maybe shouldn’t be surprising given the overarching design of the solution, is that it enables caregivers to adjust household devices like thermostats remotely.

It’s hard to think of a product perfectly analogous to this elsewhere in the industry, though that doesn’t mean there’s not one, or at least something similar in scope and breadth. In the coming days, once CES is in the rearview mirror, I plan to speak to Alison Slavin, VP of product management at Alarm.com, to find out more about how this product puts a new spin on the PERS space, as well as what the future holds for the company in that market. 

Pages