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Guardian Alarm Company

Telco sheds alarm business

Guardian buys Cincinnati Bell’s security operations for $11.5m

SOUTHFIELD, Mich.—At a time when many telcos are jumping into home security, Cincinnati Bell has decided to shed its home security business, though it will continue to have a cooperative marketing agreement with the buyer, Guardian Alarm Company, a super-regional security company based here.
Guardian paid $11.5 million for Cincinnati Bell’s alarm business, which included 15,000 accounts and 15 employees, Guardian president David Goldstein told Security Systems News.