ST-AUGUSTIN, Quebec - Microtec Enterprises ended its year on a high note of sorts, announcing an agreement with Securex Investments to develop a new alarm entity that combines subscribers from both companies.
The plan calls for 100,000 Microtec alarm subscribers to be grouped with 18,000 alarm subscribers with Securex Master Limited Partnership under a new entity, according to Len Suderman, president of Securex.
REDONDO BEACH, Calif. - When Don Moore, the president of Moore Protection, was looking to start a marketing campaign to increase his companyÃ¢â‚¬â„¢s high-end residential market share, having a seasoned advertising executive design it was more than he could hope for.
NEW YORK - Fitch Ratings has placed Protection OneÃ¢â‚¬â„¢s Ã¢â‚¬ËœCCÃ¢â‚¬â„¢ senior unsecured and Ã¢â‚¬ËœCÃ¢â‚¬â„¢ senior subordinate ratings on Ratings Watch Positive, the companyÃ¢â‚¬â„¢s first upgrade on its notes in more than one year.
The move follows Protection OneÃ¢â‚¬â„¢s announcement in November that it has reached an agreement with affiliates of the Quadrangle Group, the companyÃ¢â‚¬â„¢s largest creditors and its majority equity holders, on a debt restructuring plan that would reduce the companyÃ¢â‚¬â„¢s total debt by approximately $190 million to roughly $356 million.
OREM, Utah - Almost three years into their tenure as a residential security provider, Firstline Security is another company that is using residential homebuilders as a way to increase installation numbers.
A program, called Secure Community powered by Firstline Security, was developed by the company to work with residential builders to create pre-wiring and security system installations at the point of new construction.
Companies team up for home automation solution
LIVERMORE, Calif. - Home Director and Home Logic have formed a partnership to license and further develop a home automation and control system for structured wiring markets.
WEST PALM BEACH, Fla. - Fresh off its recent acquisitionÃ‚Â of 3,000 accounts from Pilot Home Technologies in North Carolina, Security Networks is in the midst of a growth plan designed to bump the companyÃ¢â‚¬â„¢s business in the southeast corridor of the United States.
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.