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Former Security Networks CEO Rich Perry mulls next move

Perry looks to 'find the right situation, grow another business'
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08/21/2013

WEST PALM BEACH, Fla.—With the Aug. 16 close of the Monitronics-Security Networks deal behind him, former Security Networks CEO Rich Perry is taking some time off, but he’s spending some of that time thinking about his next venture in the security industry.

ADT celebrates birthday with community-service launch

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08/16/2013

BOCA RATON, Fla.—ADT, the largest residential-security company in North America, plans to celebrate its 139th birthday with the launch of ADT Always Cares, a community-service program.

Decision in Illinois fire alarm monitoring case 'significant' for industry

The ruling says public fire district monitoring services 'less safe' than those offered by private market
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08/07/2013

ARLINGTON HEIGHTS, Ill.—A federal appeals court has upheld a previous court ruling favoring ADT and other alarm companies in a case involving public entities monopolizing fire alarm monitoring.

Latest change for Devcon welcomed

Devcon CEO Steve Hafen says ADT’s plan to buy the company is 'great news'
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07/31/2013

HOLLYWOOD, Fla.— Devcon Security has undergone dramatic changes in the past few years: a rapid expansion, then an even faster downsizing and also a management shake-up. Now, an even bigger change—ADT’s announcement today that it has signed a deal to acquire Devcon for $148.5 million—is a welcome one, Devcon CEO Steve Hafen told Security Systems News.

Activist Ackman eyeing ADT?

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Wednesday, July 10, 2013

Is the activist hedge fund chief William Ackman planning to buy a significant stake in ADT? There’s been some speculations that that’s the case, and as a result ADT’s stock price was way up yesterday. It rose 5.2 percent, its largest gain in months.

Ackman runs $12 billion Pershing Square Capital Management. According to a Bloomberg report, Ackman is raising money over the next 10 days to buy a stake in an unnamed “large-capitalization, investment-grade U.S. corporation that principally operates in one business.”

That information is from a letter that Bloomberg said Ackman sent to investors. He also said the stock trades at a lower multiple than its closest competitor and described the business as “simple, predictable, and free-cash-flow-generative, and enjoys high barriers to entry, high customer switching costs and substantial pricing power.”

The new fund will be capped at $1 billion and will invest alongside the New York-based firm’s main hedge funds, Bloomberg reported. Pershing will invest about 15 percent its $12 billion worth of capital in the same stock, “meaning the total investment could approach $3 billion. The firm, which already has a position in the stock, plans to buy more than 5 percent of the company and will talk to the board and management to bring about change.”

I’d like to hear some speculation about what kind of change Ackman might have in mind. I called Sarah Cohn at ADT, who said that the company does not “comment on market rumors or speculation.”

And this is all speculation, of course. Shares of FedEx were way up yesterday too, as some investors were betting that Ackman is looking at FedEx and not ADT.

Will keep you posted.

TycoIS sues ISC; N.J. integrator files counterclaim

Former SST employees Catagnus, Pichola and Richman at center of lawsuits that deal with trade secrets, non-compete agreements
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06/26/2013

TOMS RIVER, N.J.—Claims of trade secrets stolen, employees poached and counterclaims that Tyco is trying to run a much smaller competitor out of business fill two lawsuits—one filed by Tyco Integrated Security at the end of May and a counterclaim filed by Integrated Security & Communications on June 24.

'20 under 40' 2013 - Stephanie Wagner

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06/11/2013

Stephanie Wagner, 31
Licensing and compliance manager; field operations training and support,
The ADT Corp.
Boca Raton, Fla.

DIRECTV gets into security, acquires LifeShield

LifeShield, formerly InGrid, is a self-installed digital wireless system with monitoring by Protection 1
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06/05/2013

EL SEGUNDO, Calif.—Satellite TV provider DIRECTV is getting into home security with the purchase of LifeShield. Formerly known as InGrid, LifeShield is a self-installed, professionally monitored, wireless digital security system.

Your RMR on steroids

Pump up growth by adding what’s hot, experts say, and also by focusing on what might not be
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05/29/2013

YARMOUTH, Maine—Home automation and interactive services get most of the headlines when it comes to generating additional RMR, but alarm companies may be leaving money in the field if they’re overlooking more basic opportunities, experts told participants at a recent ESX webinar.

Steve Baker, other industry vets launch GHS Interactive Security

LifeLine Security is acquired as platform for growth, Topspin is equity partner, Barnes Associates advised deal
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05/22/2013

SACRAMENTO, Calif.—Industry veteran Steve Baker, who has served in executive roles at ADT, Monitronics and Westec, announced May 22 that his corporation, GHS Interactive Security, has acquired LifeLine Security and Automation as a platform for growth.

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