Subscribe to RSS - ADT

ADT

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
 - 
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'
 - 
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?

 - 
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
 - 
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

 - 
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
 - 
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
 - 
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
 - 
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.

ADT dispatcher hailed as hero by woman she saved from fire

 - 
Wednesday, May 22, 2013

A life-saving incident in April in Wichita, Kan. underscores the importance of having a monitored fire alarm. It also is a heart-warming story in which an ADT call center operator gets to meet the woman whose life she helped save.

According to Wichita’s KAKE TV, the smoke detectors that ADT had installed in the home of city resident Jerry Malone went off around 5 a.m. on April 23 after lightning struck her home. ADT dispatcher Cherry Smith immediately called Malone from the call center in Irving, Texas where she works, but Malone didn’t believe there was a fire in her house, the TV station said.

Here’s how it reported what happened:
 

"I was in complete denial," Malone said. "I heard the smoke alarm, I knew it was malfunctioning. I knew I did not have a fire."

But after telling Smith to hold the line and stepping into the hallway to survey the situation, Malone realized she had a real emergency.

"My house is on fire," Malone screamed into the phone.

"O.K., hang up the phone and I'm going to call 911 right now. I'm going to call the fire department," Smith said back to her calmly.

Firefighters arrived and saved Malone’s home from being a total loss, the station reported. Malone wasn’t hurt and hopes to move back in by July.

 

But there’s another part of the story.

Smith, who has worked for ADT for 12 years, had never met any of the many customers she’s helped. But Malone considered Smith as much of a life saver as the firefighters, so ADT arranged for Smith to travel to Wichita so Malone could thank her in person on May 16.

Here’s what happened, according to the station:

Smith handed Malone a bouquet of flowers and then shared with her an emotional embrace.

"Words can not explain to actually meet the person you talked to and know that you are a part of the team that saved her life," Smith said.

For the firefighters on that life-saving team, Malone helped ADT present the Wichita Fire Department with a check for $5,000. Fire Chief Ron Blackwell says it's money the department can use to buy equipment and buy awards for firefighters.

"(The firefighters) will tell you they were just doing their jobs but it's always nice to be recognized," Blackwell said.

And, the firefighters, the men who installed the ADT security system, and dispatcher Cherry Smith are all recognized as heroes by Jerry Malone.

"When others save you, you've got to be grateful," Malone said. "You've got to say, 'Thank you.' You've got to mean it."

 

Small intruder raises big alarm

 - 
05/21/2013

BROOKFIELD, Wis.—A neighbor who heard an alarm activated at a nearby home May 8 was concerned about a break-in. The neighbor contacted police and went to the house and rang the doorbell, according to an article from the Patch.com outlet for Brookfield, Wis.

Pages