NASHVILLE, Tenn.—ADS Security, the regional electronic security and automation company headquartered here, has made its second acquisition since June with the purchase of more than 1,000 customer accounts from ProTec Plus Inc. in Myrtle Beach, S.C.
CINCINNATI—Shiver Security Systems, with a 6,000-customer footprint in southwest Ohio and northern Kentucky, has moved into a new 14,000-square-foot facility from its previous 8,000-square-foot site, thanks in part to its recent move into the residential market.
BALTIMORE—Consumers with home automation systems most trust security companies to monitor them, according to “Monetizing the IoT” panelists at ESX 2015. That’s a fact that the industry needs to embrace for future success, they said.
BALTIMORE—Diane Pruitt, a resident here, recently had two young men knock on her door, lie to her about her security system and which company they were from, and persistently tried to sell her a different system.
CRYSTAL LAKE, Ill.—Partnerships between manufacturers and software development companies can mean bigger profit for residential integrators, according to Mike Simon, managing partner for Connected Technologies.
BALTIMORE—DIY is everywhere, the consumer-driven products are polished and are connected to powerful mobile apps, and it’s up to traditional security companies to decide whether they’re going to embrace it or dismiss it, according to panelists at ESX 2015.
LOS GATOS, Calif.—Advances in connected home technology were all the buzz at ISC West 2015, and recent studies point to a boom, too, but an alternative report from Argus Insights suggests that the big buzz is overrated. The market is stalling and may even be shrinking, it says.
WARWICK, R.I.—Alliance Security, a burgeoning resi security and home automation provider, based here, anticipates increasing its sales from $56 million to $110 million this year. It also expects to double its workforce to 600 by the end of 2015 and is in the process of moving to a new 60,000-square-foot site in Cranston, R.I.