YARMOUTH, Maine—Home security giant Protection 1 is up for sale for more than $1.5 billion, Reuters reported this week. Likely buyers could range from a top private equity firm to a telecom or cableco, an industry analyst told Security Systems News.
AMHERST, N.Y.—Amherst Alarm, one of the nation’s leading alarm companies, is celebrating its 30th anniversary this year. CEO Tim Creenan credits his company’s long-term success to its "slow and deliberate" approach to business.
SAN RAMON, Calif.—Establishing branch offices, bundling services with telecoms/cablecos, and expanded DIY offerings are three initiatives SAFE Security has in its playbook, and it has hired Gary Franklyn, formerly with Security Networks, to spearhead these effort.
TULSA, Okla.—Super-regional security company Central Security Group today named Richard Ginsburg as CEO. Ginsburg, who as CEO of Protection 1 grew it into one of the top three security companies in the country from 2001 to 2010, said he wants to grow CSG into a “significantly larger company.”
NASHVILLE, Tenn.—Honeywell just introduced a new solution enabling dealers to offer affordable home automation upgrades to more than 10 million customers—and a company executive says the release of Honeywell’s VISTA Automation Module or “VAM” couldn’t have come at a better moment.
PROVO, Utah—Vivint last summer opened a new 400-employee sales center in Liberty Lake, Wash., suburb of Spokane. Now, barely a year later, the home automation/home security company said it was closing the center as of today.
Many gadgets aimed at the home automation market were showcased at the 2015 Consumer Electronics Show—some look useful while others sound farfetched. What's your input on the latest home automation widgets?
John Bergher, EVP of marketing and customer care for Sacramento, Calif.-based GHS Interactive Security, talks to Tess about the partnership GHS formed this spring with Solar Universe to offer homeowners a solution combining security, home automation and solar.