Tag: ADT
Carrier tightens portfolio amid turbulence
December 17, 2024Ken Showers, Managing Editor
PALM BEACH GARDENS, Fla.— Carrier Global’s recent sale of its commercial and residential fire business is a move calculated to simplify the company’s portfolio and refocus its efforts at a time of international turbulence.
Other companies inside and outside of the security industry have been similarly streamlining their portfolios. ADT sold its commercial business in 2023 and closed its solar division the following year to focus on its residential security business.
Similarly,...
ADT Q3 paves the way forward through account acquisition and valuable partnerships
October 31, 2024Ken Showers, Managing Editor
BOCA RATON, Fla. — In spite of challenging market conditions ADT has shown admirable financial growth in the third quarter thanks to bulk account acquisition and partnerships with other major platforms.
“I'm pleased to report that ADT is continuing to deliver on our 2024 objectives and as we closeout the year, we're well positioned to deliver the full year financial guidance,” ADT CEO Jim DeVries told investors during a webcast.
He added, “In addition to...
ADT reports another network breach
October 8, 2024Ken Showers, Managing Editor
BOCA RATON, Fla. — Home security company ADT reported that its network had been illegally accessed in a filing with the U.S. Securities and Exchange Commission early this week.
An ADT spokesperson told Security Systems News (SSN): “We are investigating a cyberattack on our network. For more information, we direct you to our Form 8-K disclosure filed with the SEC on Oct. 7.”
In that filing, the company clarified that the data breach occurred as a result of compromised...
Geutebrück USA adds Pierre Bourgeix to its advisory board
September 30, 2024SSN Staff
TAMPA, Fla.—Geutebrück USA, the North, South and Central American sales, support, and distribution arm of the German video security solutions manufacturer Geutebrück, has made a strategic move to bolster its leadership and expertise by appointing Pierre Bourgeix to its advisory board.
Bourgeix, the CEO and founder of the global security consultancy ESI Convergent, brings over three decades of extensive experience in the security industry, having held influential roles at prestigious...
Jamie Brennan returns to DMP as executive director of national accounts
September 16, 2024SSN Staff
SPRINGFIELD, Mo.—Digital Monitoring Products (DMP) announced that Jamie Brennan has returned to the company as executive director of national accounts. He will build and lead a team to develop initiatives and strategies for national accounts.
“We are excited to see the growth in this team,” said Jon Adams, vice president of sales at DMP. “As many of you know, Jamie successfully managed our relationship with ADT/Everon for many years.”
Prior to joining DMP, Brennen...
ADT appoints Suzanne Yoon to Board of Directors
August 25, 2024SSN Staff
BOCA RATON, Fla.— ADT has announced the appointment of Suzanne Yoon to the company’s Board of Directors as an additional independent director.
“We are pleased to welcome Suzanne to our Board of Directors,” said Jim DeVries, ADT chairman, president and CEO. “She brings a wealth of experience, financial expertise and a deep understanding of value creation. Suzanne has a strong commitment to innovation and operational excellence, making her the perfect addition...
‘Home’ support
August 14, 2024Cory Harris, Editor
“Root, root, root for the home team” is a famous line from Take Me Out to the Ballgame, one of the most iconic sports-themed songs ever made. These days, it seems the roles have been reversed, thanks to recent corporate sponsorships of professional sports teams by home security companies.
My idea for this week’s blog came about while I was watching my beloved New York Mets take on the Miami Marlins over the weekend, when I noticed that the Marlins players were wearing an ADT...
Finger on the pulse
August 7, 2024Ken Showers, Managing Editor
We’re somewhere around the halfway point for the fiscal year, at least for most companies, and the prognosis for the second quarter (Q2) couldn’t be more boring.
That is to say, everyone seems to be doing the exact same thing and making the exact same reports. Everyone sold off part of their business, everyone has made “strategic acquisitions” that have been largely responsible for the positive balance sheets I’m seeing. That really seems to be…it? Every...
ADT’s Q2 meeting celebrates 150 years in business
August 6, 2024Ken Showers, Managing Editor
BOCA RATON, Fla. — ADT posted solid financial results for the second quarter (Q2), noteworthy in the face of current global macroeconomics but not surprising for a company celebrating its 150th year in business in August.
The company posted a total revenue increase of 3% to $1.2 billion and end-of-period recurring monthly revenue (RMR) of 2% to $355 million year over year, amid higher interest rates and fewer relocations, a traditional catalyst for new subscribers, said President and...
Orange County, N.C., ECC goes live with TMA’s Automated Secure Alarm Protocol
August 2, 2024SSN Staff
MCLEAN, Va.—The Monitoring Association (TMA) announced that the Orange County Emergency Services, Public Safety Communications Division became the 146th Emergency Communications Center (ECC) in the United States and the 14th in the state of North Carolina to implement the Automated Secure Alarm Protocol (ASAP).
Launched in 2011 as a public-private partnership, TMA’s ASAP service is designed to increase the accuracy and efficiency of calls for service from alarm monitoring...