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August Home hits 1 million user milestone

Company predicts more market share stemming from in-home deliveries
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08/01/2018

SAN FRANCISCO—Smart lock company August Home, a subsidiary of ASSA ABLOY, in July announced that it hit the 1 million user milestone for its app. Dale Pistilli, August's VP of marketing and sales, talked with Security Systems News about the factors that led to this milestone and the prospects for the smart lock market down the road.

Honeywell Homes and ADI spin to be renamed Resideo

Resideo will license the Honeywell brand
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07/30/2018

MORRIS PLAINS, N.J.—Honeywell recently announced that Resideo will be the corporate name of the Honeywell Homes product portfolio and ADI global distribution businesses when they become a stand-alone, publicly traded company following completion of a spin that is expected by the end of 2018.

Nice S.p.A. acquires FIBARO

Deal valued at $73 million will expand product portfolios of both companies
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07/18/2018

CHICAGO—Nice S.p.A., the Italian international home automation and home security company, recently purchased Poland-based FIBARO, a global smart home brand.

Alarm.com launches homebuilder program

Program connects dealers with growing number of buyers who want smart homes
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07/11/2018

TYSONS, Va.—Alarm.com, a platform for the intelligently connected property, announced a comprehensive homebuilder program that includes new hardware and service plans designed to facilitate partnerships between homebuilders and Alarm.com's service provider partners and security dealers.

SimpliSafe now backed by PE firm Hellman & Friedman

DIY security provider to focus on increasing market penetration
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07/03/2018

BOSTON—SimpliSafe, a provider of DIY installed home security systems, on June 29 announced an investment from private equity firm Hellman & Friedman to accelerate SimpliSafe’s growth and expansion of the home security market. Terms of the transaction were not announced.

Vivint Smart Home and Google collaborate

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06/27/2018

PROVO, Utah—Vivint Smart Home announced a collaboration with Google to make every new Vivint smart home voice-enabled using the Google Assistant. Vivint is giving voice control to every new customer by including two Google Home Mini devices with every smart home system, and adding Nest Thermostat E and Google Wifi as options in its smart home suite.

Select announces several more purchases

Collection of acquisitions announced two months after batch of five other buys
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06/11/2018

LANCASTER, Pa.—Select Security in early June announced a variety of acquisitions, one in New Jersey, one in New Mexico, and two in the Dallas-Fort Worth area of Texas.

Proguard secures credit facility, makes first buy

Company acquires Allied Security Group, adds nearly 2,000 accounts
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06/06/2018

BASALT, Colo.—Proguard Protection Services Inc., a full-service, family owned security company based here, announced recently that it secured a $2.75 million senior secured credit facility through CIBC Bank, and completed its first acquisition—the purchase of more than 1,900 accounts and other assets from Allied Security Group of Breckenridge, Colo.

ADS makes second buy in Miss. this month

Company acquires Alarm One in Columbus, adds 1,400 accounts
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05/30/2018

NASHVILLE, Tenn.—ADS Security, a regional security and automation company headquartered here, made its second buy in Mississippi this month with the completed acquisition of approximately 1,400 customer accounts of Alarm One Inc. in Columbus. The newly acquired accounts will be serviced by ADS Security’s existing branch in Columbus.

Amherst Alarm acquires in New York

This buy is the company’s 10th purchase in its 34-year history
 - 
05/30/2018

AMHERST, N.Y.—Amherst Alarm, a full service security company based here, gained 8,000 accounts with its purchase of Eastern States Sentinel Alarm Service of West Seneca, N.Y., the company announced today.

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Poll

SSN News Poll December 2018

Cybersecurity has been an ongoing topic in the industry, and SIA just released a new study benchmarking the area. The study delves into new increases in cybersecurity spending, cyberthreat vectors, and technologies that could help cybersecurity. Where do you see some of these trends headed?