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Naren Gursahaney

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.

ADT Canada's new president starts today

Andrea Martin to accelerate growth in Canada, oversee Protectron integration
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01/11/2015

BOCA RATON, Fla.—Andrea Martin begins her new job as president, ADT Canada today. ADT, based here, announced Martin's appointment to this newly created role on Jan. 8.

ADT and Google-Nest? No big 'surprise'

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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.

 

 

ADT to acquire Protectron for $500 million

Imperial Capital’s John Mack: Agreed upon deal is ‘far and away’ the largest deal for ADT as independent company
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04/30/2014

BOCA RATON, Fla.—In what will be its largest acquisition as an independent company, ADT has agreed to acquire Canada-based monitoring giant Protectron in a $500 million deal, giving the company another 400,000 customers north of the border.

ADT’s new CMO, VP of dealer sales newcomers to industry

But both Jerri DeVard and Jim Vogel say their varied backgrounds have prepared them for their new roles
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03/28/2014

BOCA RATON, Fla.—ADT went outside the security space to find its new chief marketing officer and its new vice president of dealer sales. Both new hires say they’ll put the skills they honed working in other industries to good use at ADT.

ADT names new CMO

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03/25/2014

BOCA RATON, Fla.—The ADT Corp. announced today that Jerri DeVard has joined the company as senior vice president, chief marketing officer.

ADT releases Q1 results—and stock price drops

But Imperial Capital maintains ‘outperform’ rating on ADT, saying it expects ‘positive catalysts’ from the company in 2014
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01/30/2014

BOCA RATON, Fla.—Although The ADT Corp. reported Jan. 30 that ADT Pulse take rates and recurring revenue were up in its latest quarter, it also said net income decreased 27 percent in that period—and its share price tumbled.

ADT gets new CFO

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10/15/2013

BOCA RATON, Fla.—Michael Geltzeiler will join ADT as the company’s new chief financial officer, ADT announced this week.

ADT taps former telecom exec as new CIO

In the newly created position, Kathleen McLean will use IT strategy to support business operations
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06/24/2013

BOCA RATON, Fla.—The ADT Corp. recently created a new position—that of chief information officer—and has appointed a former telecom executive to the position.

ADT’s CFO leaving company

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04/01/2013

BOCA RATON, Fla.—Kathryn Mikells, senior vice president and chief financial officer at ADT, is leaving the company in May to become chief financial officer at Xerox, according to an ADT statement.

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