TOPEKA, Kan. - Protection OneÃ¢â‚¬â„¢s credit rating has been downgraded by Standard & PoorÃ¢â‚¬â„¢s Rating Services, an implication that the up-for-sale alarm company may need to restructure its debt or file for bankruptcy after it finds a buyer.
TORONTO - Residential and commercial alarm company AlarmForce Industries announced in early December it had closed a previously announced bought deal financing led by Acumen Capital Finance Partners Limited to issue 1,000,000 common shares on a private placement basis. The price was $2.
HOFFMAN ESTATES, Ill. - One of the most trusted sellers of home appliances is making inroads in the home integration market through a partnership with a home controls system manufacturer and an authorized integrator program that already stretches across the United States.
DALLAS - A company that began as a network consulting firm is now the integrator for Lone Star Ranch, a development of 10,000 single-family homes in Frisco, Texas.
Network Traffic Controllers, which was just selected as a Sears Connected Home integrator (see related story), has already implemented structured wiring for 600 homes in the program, which will take 10 years.
ARLINGTON, Va. - The president of a home integration company heavy into security has been elected to the Consumer Electronics AssociationÃ¢â‚¬â„¢s Executive Board, the first time a non-manufacturer has joined the board.
BOCA RATON, Fla. - The flagship brand in the residential security market was apparently spared the chopping block in the latest round of cuts at parent Tyco International, but ADT Security Services could still see changes in its geographic and financial makeup as a result.
HOUSTON - A security holding company growing with acquisitions has made its fourth and largest purchase to date, picking up Apex Security in Glenwood Springs, Colo.
The acquisition gives Sweetwater Security Capital five locations in Colorado and 4,500 residential and small commercial accounts, boosting the companyÃ¢â‚¬â„¢s overall account base to about 7,000 accounts, according to Donald Bresina-Hawkins, chairman of Sweetwater.
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.