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Imperial Capital

ADT to acquire Devcon Security for $148 million

ADT looking for more acquisitions
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07/31/2013

BOCA RATON, Fla.—The ADT Corp. announced this morning that it plans to acquire Devcon Security from Golden Gate Capital for $148.5 million. The deal—ADT’s first major acquisition since spinning off from Tyco International last fall—brings 117,000 accounts and $3.6 million of RMR. The transaction is expected to close in early August, Naren Gursahaney, ADT CEO, said during an investor call today.

Industry divided on Google’s effect on security industry

News Poll: Few believe Google will seek professional monitoring
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05/19/2015

YARMOUTH, Maine—Google, in March of this year, acquired patents relating to residential security. Twelve months earlier, Google acquired the smart home thermostat Nest. Is Google planning a big move into the security space? Should the industry be nervous? Security Systems News readers were evenly divided among those who are worried, those who are not worried, and those who plan to worry about Google if and when it gets seriously involved in the industry.

PE firm wants to combine Protection 1 and ASG

Deal reportedly $2b, multiple would be higher than 50x
 - 
05/12/2015

NEW YORK—Apollo Global Management, a $163 billion private equity group, is in talks to acquire Protection 1 and ASG, with the goal of combining the two companies, a source close to the deal told Security Systems News.

Canon-Axis deal done despite hedge-fund holdout

Canon now owns 84 percent of shares, Elliott Management increases stake
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04/29/2015

TOKYO—In a bid that industry analysts told Security Systems News is intended to get Canon to increase its $2.8 billion offer for Axis Communications, Elliott Management, a New York hedge fund, increased its stake in Axis to 10.91 percent and has not yet sold those shares to Canon.

HID acquires Quantum Secure

Kessler: Acquisition is 'last step' to fill out identity portfolio
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04/06/2015

AUSTIN, Texas—Secure identity provider HID Global has acquired Quantum Secure, a provider of identity management software. Denis Hebert, HID Global CEO, told Security Systems News that the deal brings an important new capability to HID.

Who’s afraid of Google?

Smart resi providers should take Google’s move into home security seriously, but could wind up benefitting from it
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04/01/2015

YARMOUTH, Maine—Google’s venture into home security and automation may turn out to be a very good thing for traditional resi companies, according to providers interviewed by Security Systems News.

Monitronics acquires LiveWatch Security for $67m

DIY provider LiveWatch diversifies Montronics' offerings
 - 
03/03/2015

DALLAS—Monitronics has acquired LiveWatch Security, a provider of professionally monitored DIY home security systems, for $67 million.

Canon to buy Axis for $2.8 billion

Kessler: Price is ’50 percent premium over yesterday’s closing price’
 - 
02/10/2015

TOKYO—One year after buying the leading VMS provider, camera manufacturer Canon has made an offer to buy Axis Communications, the leading network camera provider, for $2.8 billion cash.

Avigilon buys BRS patents, others for $13m

One month after spending $80 on ObjectVideo’s patents, Avigilon ‘tries to lock in IP in a whole range of analytical algorithms’
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01/21/2015

VANCOUVER, British Columbia—Avigilon today announced it spent $13.3 million acquiring video analytics patents that extend into behavioral recognition, video segmentation and meta-data and more. This deal comes one month after the video surveillance provider spent $80 million to acquire patents from ObjectVideo.

ADT and Google-Nest? No big 'surprise'

 - 
Wednesday, January 7, 2015

ADT CEO Naren Gursahaney announced during an interview with Forbes magazine last month that ADT is “working feverishly to develop” a partnership with Google-Nest.

Despite that pronouncement in the national magazine, ADT since has been mum on the potential partnership. It told Security Systems News and other publications that basically, at any given time, it is in regular conversations with a number of tech companies about potential partnerships.

There is nothing to report at this time, an ADT spokeswoman said via email in response to an inquiries from SSN after the Fortune article appeared and then again on Jan. 6.

But Imperial Capital, in a report released Dec. 30, said an ADT-Nest partnership is “not a surprise … especially since Nest has been running its ‘work with Nest’ developer program for connecting its products with other smart-products with some of the same companies as ADT."

“Mercedes Benz, Jawbone, Whirlpool, Logitech and IFTTT are among the growing list of companies with which Nest is integrating. ADT is now working with many ‘new-age,’ cloud based technology companies—several of them overlapping with Nest. ADT needs to show investors that it has the full range of technology and services capabilities ranging from experts in installing the plain old telephone line (POTS) systems, to installers and servicers who have the ‘IT-IQ’ to make ADT into a technology leader in the residential alarm monitoring industry.”

A partnership between ADT and Nest “could open up a significant opportunity for ADT to provide professional monitoring for [Nest’s] Dropcam users (and potentially other DIY products in the coming quarters,” Imperial said in the report.

 

 

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