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Smart home adoption to benefit security

Parks Associates: Home security systems will finally surpass the 20 percent penetration rate
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07/20/2016

DALLAS—Market research firm Parks Associates, based here, is predicting that an increase in smart home controllers will drive the adoption of home security systems—moving the penetration rate of home security systems past the 20 percent mark up to 26 percent by 2020.

Alliance Security looks to sustain record growth

Dealer strengthening foundation after nearly doubling revenue and staff in 2015
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07/13/2016

CRANSTON, R.I.—Alliance Security, a national security company based here, is in the process of building up its infrastructure following a year of record growth in 2015 that saw the company’s revenue nearly double to more than $100 million, and its employee numbers climb from 300 to 500—all while transitioning into a new headquarters.

ADS Security acquires fourth company in six months

Busy super-regional surpasses $3m in RMR
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07/13/2016

NASHVILLE, Tenn.—ADS Security, a super-regional security and automation company based here, has acquired customer accounts from Alarm Specialists of Cocoa, Fla. The purchase adds approximately 1,600 accounts—60 percent residential and 40 percent commercial—that will be serviced by ADS’s Melbourne, Fla. office.

Shiver Security revving up resi plans

Dealer packaging Honeywell products to capture smart home market
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07/13/2016

MASON, Ohio—Shiver Security, a commercially focused security company based here, is revving up its resi plans for 2016 following a successful first year of marketing and growing the business.

Per Mar acquires guard and patrol company

120 Neighborhood Patrol employees join Per Mar Security Services
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07/06/2016

DAVENPORT, Iowa—Des Moines, Iowa, is now Per Mar Security Services’ largest market for guards and patrol services following its July 1 acquisition of Neighborhood Patrol, Per Mar division president Brad Duffy told Security Systems News.

New research: MSOs turn to security for better equipment

Resi industry to see 5 percent CAGR over next few years
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06/29/2016

ENGLEWOOD, Colo.—New findings by market research firm IHS reveal that MSOs are falling short of their goals for penetration within the residential security industry, partly because of their reliance on inferior security products. This is good news for domestic security manufacturers because MSOs are now starting to turn to them for equipment, according to IHS. Research also forecasts a 5 percent CAGR for the security industry over the next few years.

SAFE Security promotes Gary Franklyn to SVP, dealer sales

Franklyn: ‘We can grow the business significantly in the coming years’
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06/29/2016

SAN RAMON, Calif.—SAFE Security, a national security company based here, recently promoted Gary Franklyn to the newly created position of senior vice president of dealer sales, where he will be responsible for all facets of dealer management including dealer sales and marketing and dealer recruitment and retention. Franklyn will be based out of Safeguard Security, SAFE’s branch office in Scottsdale, Ariz.

Select Security closes on $55m credit facility with Goldman Sachs

Egan: Funds to be used for acquisitions, launch of DIY product with Mace
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06/22/2016

LANCASTER, Pa.—Select Security, a super regional security company based here, received a $55 million senior credit facility with the Goldman Sachs Specialty Lending Group.

Select Security partners with Mace to launch national DIY product

Company finalizing manufacturer choice, executive director to oversee program
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06/16/2016

LANCASTER, Pa.—Select Security, a super-regional based here, is partnering with Mace, best known for its pepper spray, to launch a DIY product nationally in 2016.

LOUD Security acquires company, will launch DIY division

Business booming with both commercial and resi
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06/01/2016

KENNESAW, Ga.—LOUD Security, based here, recently purchased 400 accounts from Saturn Security Systems of Newnan, Ga.

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Poll

SSN News Poll September 2016

Some traditional security companies—like LOUD Security and Select Security—are entering the DIY market. What do you think about DIY?