Subscribe to Residential

Residential

Vivint to be sold to Blackstone in $2 billion deal

CEO Pedersen: Vivint has plans to become one of the largest national players in commercial security
 - 
09/18/2012

PROVO, Utah—Vivint has entered into an agreement with the Blackstone Group to be acquired in a deal worth “north of $2 billion,” Todd Pedersen, Vivint CEO, told Security Systems News.

Vivint exploring sale

CEO said $2 billion offer from Blackstone previously turned down
 - 
09/06/2012

PROVO, Utah—Vivint is considering a sale with final bids due later this month, according to a Reuters report. The report said the home automation/home security company could be valued at as much as $2 billion, and that among three private equity groups looking at the company is GTCR—owner of Protection 1, one of the nation’s largest security companies.

Vivint sued over alleged ‘robocalls’

Lawsuit contends prerecorded calls were to individuals’ cellphones without permission
 - 
09/05/2012

CHICAGO—A new class-action lawsuit accuses Vivint of sending automated calls to cellphones without the owners’ permission, violating their privacy and federal law.

MOBOTIX targets resi with new camera technology

Company says its new 180-degree door station product is ideal for high-end homes and apartment complexes
 - 
09/05/2012

NEW YORK—MOBOTIX is using its new hemispheric camera technology to launch into the home automation space.

Massachusetts installers battle Comcast, Verizon in court

Lawsuit filed by installers’ group claims the cableco and telecom are endangering the public by not being licensed for the security alarm work they do in the state
 - 
08/29/2012

SHARON, Mass.—A Massachusetts security systems installers’ group has taken Comcast and Verizon to court, charging the cableco and telecom lack the required state licenses to do security alarm-related work in Massachusetts.

Pro 1: ‘We’re excited to be part of the home automation space’

Company’s new P1 Life solution integrates security and home automation
 - 
08/29/2012

ROMEOVILLE, Ill.—Protection 1 announced this week that it has launched a new integrated home security/home automation service called P1 Life.

AMP: Former Platinum space good fit

‘We kind of moved in like a hermit crab does to a new shell’
 - 
08/15/2012

AMERICAN FORK, Utah—The large, dramatic letters emblazoned across the top of the imposing new office building here used to read “Platinum.” Now they say “AMP”—because financially beleaguered Platinum Protection has vacated the space and it is now AMP’s headquarters.

Vivint takes door-knocking rival to court

Vivint contends a competitor used deception to steal Vivint customers
 - 
08/08/2012

PROVO, Utah—Vivint is suing another door-knocking company, alleging it has been using false and misleading statements to “slam” or take over Vivint customers.

Bill to deregulate telecoms in Pa. concerns industry

AICC says legislation would give telecoms like Verizon unfair advantage over security company competitors, but Verizon denies that
 - 
08/08/2012

HARRISBURG, Pa.—Proposed legislation in Pennsylvania to deregulate the telecommunications industry in the state would give an unfair advantage to telecom providers of home security services, according to an attorney with the Alarm Industry Communications Committee (AICC).

Vivint adds $50 million to financing; surpasses RMR milestone

 - 
08/06/2012

PROVO, Utah—Summer-model company Vivint announced in June of that it had surpassed a $30 million milestone in RMR, putting it among the top three largest security companies in the nation. Also, the residential security and home automation provider said it had added another $50 million to its financing, bringing its total senior debt financing to $812 million.

Pages

Poll

SSN News Poll June 2014

ADT is going after the small business market, launching targeted offerings for specific verticals: retail, food and beverage, clinical, professional offices and mechanical. The company says there's lot of untapped opportunity because only 50 percent of small businesses have monitored security. What are your thoughts on that market?

Type the characters you see in this picture. (verify using audio)
Type the characters you see in the picture above; if you can't read them, submit the form and a new image will be generated. Not case sensitive.