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ASAP extended to non-charter members

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Wednesday, September 3, 2014

More companies will soon be able to reap the benefits of the Automated Secure Alarm Protocol, as the CSAA moves into its next stage of deployment by extending the program to non-charter members.

So far, the 100 CSAA members that have helped fund the program have been able to contract and connect to the system, which is designed to increase the efficiency and reliability of emergency electronic signals form central stations to Public Safety Answering Points, commonly known as PSAPs. In total, 42 companies have contracted for connection, though some do business in areas that do not yet have an active PSAP.

Currently, seven PSAPs are enrolled in the ASAP program, with Washington, D.C. and Houston representing the largest urban areas. In a recent press release, the CSAA said it expects to add Boston and Seattle to the mix in the coming year, along with the entire state of Delaware.

In August, Romeoville, Ill.-based Protection 1 became the largest participant to go live with the ASAP to PSAP program. Ed Bonifas, co-chair of CSAA’s ASAP steering committee, said in a prepared statement that Protection 1’s coming online would add “considerable traffic to the participating PSAPs.”

Later that month, Guardian Protection Services, based in Warrendale, Pa., in conjunction with the CSAA announced it was coming online with the program in Richmond, Va., where it has a solid presence. Jason Bradley, director of central station operations at Guardian, told me that implementation in Washington, D.C. was the next step.

It’s no exaggeration to say broader adoption of the ASAP to PSAP program will transform the industry, making signal transmission a faster and more informative process. To be sure, the program is expanding at a steady pace, and I imagine it’ll be sooner than we think before dealers are going to expect centrals, where possible, to join the ranks.

Vivint Solar seeks to raise $200m through IPO

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Wednesday, September 3, 2014

The fact that Vivint Solar officially filed with U.S. regulators last week for an initial public offering of common stock is an indication that solar continues to be a hot option for security companies.

Vivint Solar’s parent company is Provo, Utah-based home automation/home security company Vivint, which was bought by The Blackstone Group in 2012 for more than $2 billion.

Now, Reuters reported Aug. 26, Vivint Solar has filed for an IPO and set its fundraising target at about $200 million. And the news service said Vivint Solar lead underwriters to the offering are Goldman Sachs, Merrill Lynch, Pierce, Fenner & Smith and Credit Suisse.

The company will be listed on the New York Stock Exchange under the symbol VSLR, Reuter said. The company plans to use the IPO proceeds to repay debts, make investments and for “other general corporate purposes,” the news service said.

Reuters had reported earlier in August that Vivint Solar had confidentially filed for an IPO. Around that same time, Protection 1, one of the nation’s largest home and commercial security, also announced it would be launching a solar division called Brite Energy. Sales of solar panels to homes and businesses are expected to begin this fall.

And earlier this year, GHS Interactive Security, a new California-based security company, announced it was partnering with Solar Universe, a leading nationwide residential solar company, to combine security and solar into a comprehensive home automation package.

Since its launch in 2011, Vivint Solar has grown to be the second largest solar installer in the country.

Reuters said that the nation’s residential solar energy market is expected to grow at a CAGR of 28 percent, to about 1,713 megawatts of capacity in 2017, according to research firm GTM Research and the Solar Energy Industries Association.

 

Protection 1 goes live with ASAP program

Pam Petrow, CSAA VP, says local advocacy will be key to getting more PSAPs—and central stations—on board
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08/20/2014

ROMEOVILLE, Ill.—Protection 1, a security company whose monitoring arm is CMS, is the latest central to go live with the Automated Secure Alarm Protocol program, according to an announcement from the CSAA.

Solar is hot commodity—but can pose fire risks

Security companies branching out into the solar business should be aware of photovoltaic fire hazards
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08/18/2014

QUINCY, Mass.—As security companies get involved in solar panel installation, they should be aware of potential fire hazards posed by solar panels.

Protection 1 adding solar to its mix

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08/08/2014

ROMEOVILLE, Ill.—Protection 1, based here, is joining the trend of security companies selling solar, the company has announced.

Possible Protection 1 buyers: PE firm, telecom or cableco

Pro 1 is reportedly up for sale with a $1.5b price tag, and an analyst tells SSN having an 'asset of this quality' on the market is unusual
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08/06/2014

YARMOUTH, Maine—Home security giant Protection 1 is up for sale for more than $1.5 billion, Reuters reported this week. Likely buyers could range from a top private equity firm to a telecom or cableco, an industry analyst told Security Systems News.

Protection 1 on the block?

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Tuesday, August 5, 2014

Home security giant Protection 1 is up for sale for more than $1.5 billion, according to a Reuters news report this week.

GTCR, the private equity firm that bought Protection 1 in 2010 for $828 million has asked Morgan Stanley to help in the sales effort, the news service reported Aug. 4.

I’ve reached out to Romeoville, Illinois-based Protection 1 for comment on the report, which Reuters ascribed to unidentified sources.

Protection 1 is one of the largest full-service business and home security companies in the United States. As of the end of 2013, it had 1.5 million customers and $28 million in RMR, an increase of nearly 8 percent over the previous year, according to published reports. Revenues exceeded $429 million.

By contrast, home automation/home security company Vivint—which was acquired by The Blackstone Group in 2012 for more than $2 billion—ended 2013 with more than $42 million in RMR, an increase of 23 percent over the previous year. Provo, Utah-based Vivint, which has more than 800,000 customers, had in excess of $500 million in revenues in 2013, according to published information.

Stay posted. I'll be updating this story as I get more information.

 

Richard Ginsburg named CEO of Central Security Group

Former Protection 1 CEO will take CSG national
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07/08/2014

TULSA, Okla.—Super-regional security company Central Security Group today named Richard Ginsburg as CEO. Ginsburg, who as CEO of Protection 1 grew it into one of the top three security companies in the country from 2001 to 2010, said he wants to grow CSG into a “significantly larger company.”

AT&T to buy DIRECTV for $48.5b

Analysts: Deal could result in potential monitoring synergies, bundling opportunities
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05/19/2014

DALLAS, Texas and EL SEGUNDO, Calif.—AT&T plans to buy DIRECTV for $48.5 billion, the companies announced this week. The deal will allow AT&T to expand its broadband network to more than 70 million customer locations, the companies said.

Verified alarm? Definitions vary

Does ECV or cross-zoning qualify as a verified alarm? CSAA, PPVAR work toward new comprehensive verification standard
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03/05/2014

HENDERSON, Nev. and VIENNA, Va.—It’s likely that a new comprehensive verification standard will surface sometime in 2014. The Central Station Alarm Association is in the process of developing such a standard for all manner of verified alarms, and the Partnership for Priority Video Alarm Response, since its inception, has been gathering best practices toward that end.

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