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ADT to acquire Devcon Security for $148 million

ADT looking for more acquisitions
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07/31/2013

BOCA RATON, Fla.—The ADT Corp. announced this morning that it plans to acquire Devcon Security from Golden Gate Capital for $148.5 million. The deal—ADT’s first major acquisition since spinning off from Tyco International last fall—brings 117,000 accounts and $3.6 million of RMR. The transaction is expected to close in early August, Naren Gursahaney, ADT CEO, said during an investor call today.

Home security photos feature in murder case against ex-NFL star Hernandez

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07/26/2013

ATTLEBORO, Mass.—Former New England Patriots tight end Aaron Hernandez is holding what authorities have said is a gun in several surveillance photos recorded hours before—and minutes after—his friend was shot to death, according to an Associated Press report.

Canary: Security device so smart it ‘can think for itself’

NYC startup company offering Canary so far has raised more than half a million dollars in just three days using crowdfunding—getting financial support via the Internet—to bring the device to market
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07/24/2013

NEW YORK—Canary is the name of a security startup here—and like a canary in a coal mine the company has been testing this week to see if it could raise enough money through crowdfunding to launch what has been dubbed as “the first affordable home security system that can think for itself.” The answer is a resounding yes.

AT&T adds more Digital Life markets

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07/22/2013

DALLAS—AT&T announced today that it plans to launch Digital Life, its home automation/home security product, in six more markets beginning this Friday: Cincinnati, Columbus, Indianapolis, San Diego, San Jose and Tampa.

New options driving connected home growth

Home safety products top homeowners’ wish list of additional features
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07/17/2013

DALLAS—A survey of consumers by Parks Associates found that the more features homeowners have in a home control system, the more likely they are to recommend the system to family and friends.

ASG closes four deals in Q2

Adds $114k in RMR and an office on Long Island
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07/02/2013

BELTSVILLE, Md.—In the past three months, ASG Security closed four acquisitions that bring an additional $114,000 in RMR.

GuardMe Security moves into North Carolina

It’s the fourth time the New Jersey-based home security/home automation provider has expanded in three months
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06/26/2013

OLD BRIDGE, N.J.—After recent expansions into the Midwest and Maine, GuardMe Security, based here, in June added North Carolina to the growing list of states where it is offering home security/home automation.

Alarm Capital Alliance enters affluent new market

Acquisition of a Long Island security company brings ACA into The Hamptons
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06/26/2013

MEDIA, Pa.—Alarm Capital Alliance has expanded into an affluent new market—The Hamptons—with the purchase of a 32-year-old security company based in Southhampton, N.Y.

Vivint to open new sales center in Washington state

The door-to-door company looks to diversify by growing inside sales 75 percent this year
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06/26/2013

PROVO, Utah—Home automation/home security giant Vivint is opening a new 400-employee sales center in Washington state, part of a move by the door-knocking company to diversify itself by increasing inside sales.

ADT taps former telecom exec as new CIO

In the newly created position, Kathleen McLean will use IT strategy to support business operations
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06/24/2013

BOCA RATON, Fla.—The ADT Corp. recently created a new position—that of chief information officer—and has appointed a former telecom executive to the position.

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Poll

SSN News Poll May 2015

It seems that another cloud-based security product or service comes out every day. Do you believe, as 3xLOGIC’s Matt Kushner said, “[Integrators] who continue to offer conventional access and video are going to be adding to a shrinking market. The new, growing market is cloud-based managed services.”? Is 2015 the year that cloud will finally have its security industry day in the sun?

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