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Resi grows fast at Custom Alarm

Interactive services a key driver for growth in Custom Alarm’s residential business
 - 
10/09/2013

ROCHESTER, Minn.—Now in its 45th year, Custom Alarm, based here, is finding residential security to be one of the fastest growing aspects of its business, said Nikki Johnson, the company’s vice president and director of marketing.

SAFE Security buys more Pinnacle accounts, doubles in size

SAFE also plans to double its $3 million in RMR in next three to five years
 - 
10/09/2013

SAN RAMON, Calif.—SAFE president and CEO Paul Sargenti reports that the company has more than doubled in size within the last year and recently acquired 6,000 additional accounts from Pinnacle Security.

CPI sues ASG, accusing it of ‘raiding’ CPI’s sales reps

ASG denies wrongdoing
 - 
10/02/2013

CHARLOTTE, N.C.—CPI Security Systems, based here, has filed a lawsuit against the Alarm Security Group (ASG), accusing ASG of “raiding” sales reps from CPI by means of deceptive practices.

Fired AlarmForce CEO wants $11.3 million in damages

Joel Matlin, forced out in July as president and CEO of the Toronto-based company he founded, has filed a lawsuit over his dismissal
 - 
10/02/2013

TORONTO—The recently ousted CEO of AlarmForce Industries is suing the company for more than $11.3 million, claiming he was wrongfully dismissed and suggesting age discrimination was a reason.

DEFENDER sets sights on robust 2014

Dave Lindsey, newly returned CEO of the nation’s top ADT dealer, says growth in 2013 wasn’t as high as hoped
 - 
09/25/2013

INDIANAPOLIS—After a shake-up at the top of DEFENDER Direct, the country’s leading ADT dealer, founder Dave Lindsey is back in the CEO seat with strong goals for 2014.

Canary affordable home security device still hot sales item

With more than $1.9 million in hand, Canary is preselling its self- install device and is in talks with the ‘biggest monitoring companies’
 - 
09/11/2013

NEW YORK— Canary, a New York City startup that recently raised nearly $2 million through crowdfunding for what it calls “the first smart home security device for everyone,” says so many additional customers still want the device that it launched a more traditional sales campaign on its website today.

Vivint gets new COO—from outside the industry

David Bywater and other outside hires bring ‘really good perspectives’ to Vivint, President Alex Dunn says
 - 
09/11/2013

PROVO, Utah—Vivint has a new COO: former Xerox executive David Bywater. The recent hire marks the third time this year that Vivint has gone outside the industry to add to its executive team.

Vivint grows its infrastructure along with its business

The home automation/home security company now has 7,000 employees, and has doubled size of its headquarters, and opened two other Utah facilities and one in Washington state
 - 
09/04/2013

PROVO, Utah—Vivint expanded this summer into a new 100,000-square-foot building on its campus here, which about doubles the space it occupies in Provo.

SAFE Security gets new CFO and COO

 - 
09/03/2013

SAN RAMON, Calif.—SAFE Security has announced a pair of management changes.

Sentry Security acquires Stand Guard Security

 - 
08/30/2013

WHEELING, Ill.—Sentry Security, based here, has acquired Stand Guard Security, of Crystal Lake, Ill., according to the Davis Mergers and Acquisition Group, which assisted in the transaction.

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Poll

SSN News Poll September 2014

Some new door-knocking scams recently prompted the Electronic Security Association to update its code of ethics to specifically ban them. Also, ADT this summer is offering up to $25,000 to whistleblowers who expose security companies that train sales teams to use deceptive selling techniques. What do you think are the best ways to combat door-to-door sales scams?

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