Tag: ADT
ADT touts its resilience
May 2, 2025Ken Showers, Managing Editor
BOCA RATON, Fla. — Despite a volatile market, ADT highlighted record RMR returns and record customer retention in the first quarter of 2025 and doubled-down on its resilience during a recent earnings presentation.
In total, ADT saw recurring monthly revenue (RMR) increase by 2% to $360 million in Q1, with record customer retention (gross revenue attrition of 12.6%; revenue payback at 2.3 years).
“I think the headline from us is we have an exceptionally resilient...
ADT launches ‘leap forward’ in home security
April 30, 2025Ken Showers, Managing Editor
BOCA RATON, Fla. — ADT, in a new collaboration with Yale and the Z-Wave Alliance, has launched the Yale Assure Lock 2 Touch with Z-Wave for ADT+, a smart lock that allows users to unlock and disarm their ADT+ security system using just their fingerprint.
The Z-Wave 800 Series is the first smart lock to leverage the newly introduced Z-Wave User Credential Command Class.
“ADT, alongside our partners at Yale and the Z-Wave Alliance, is setting a new standard for smart...
Everon announces Bobby Dale as chief customer officer
March 6, 2025SSN Staff
BOCA RATON, Fla.—Security integrator and solutions provider Everon has announced that Bobby Dale has joined the executive leadership team in the role of chief customer officer.
With over 40 years of sales and executive leadership experience in the industry, Dale is a seasoned commercial security veteran. He previously served in prominent roles at Protection 1, ADT, and ADT Commercial.
As chief customer officer, Dale will lead Everon’s efforts to strengthen its customer-centric approach,...
Commercial and Solar in rear view as ADT pivots hard to smart home
March 5, 2025Ken Showers, Managing Editor
BOCA RATON, Fla. — ADT President and CEO Jim DeVries recommitted to the company’s decision to bow out of its solar business and go all in on its security and smart home during a recent webcast to discuss financial results.
“As a reminder, following the wind down of our solar operation in 2024, ADT is now completely focused on our core security and smart home business,” he said. “This market is large and growing to what analysts project at $23 billion in consumer...
SIA names ADT’s Holly Borgmann as 2025 SIA Chair’s Award honoree
February 21, 2025SSN Staff
SILVER SPRING, Md.—The Security Industry Association (SIA) has named Holly Borgmann of ADT as the 2025 recipient of the SIA Chair’s Award.
The award is presented annually and selected by SIA’s Board of Directors chair recognizing SIA members’ diligent efforts in furthering the association’s mission and commitment to its future. SIA will present Borgmann with the award at Security Hill Day, an executive event that raises the collective...
SIA announces 2025 Board of Directors nominations
February 13, 2025SSN Staff
SILVER SPRING, Md.—The Security Industry Association (SIA) announced that its Nominations Committee has recommended nine individuals to serve as members of the SIA Board of Directors, pursuant to the SIA bylaws.
These nominations will be submitted for ratification at The Advance, SIA’s annual membership gathering during ISC West 2025 in April.
The following three individuals have been nominated for an initial two-year term starting in 2025:
Min Kyriannis,...
ADT showcases move toward interoperability at CES
February 12, 2025Ken Showers, Managing Editor
LAS VEGAS — During a panel at CES this year, ADT’s Gilles Drieu discussed the company’s vision for a future that sees smart devices integrating with home security systems “effortlessly” within a unified and interoperable network.
At the center of those efforts, according to ADT, is connecting two different communication protocols: Matter and Z-Wave.
“It’s not enough for devices to be smart individually,” said Drieu, SVP & CTO, during...
ADT appoints Thomas Gartland to board of directors
January 27, 2025SSN Staff
BOCA RATON, Fla. — ADT has announced the appointment of Thomas Gartland to the company’s board of directors as an additional independent director.
In conjunction with his appointment, Gartland will join the board’s Audit Committee.
“We are pleased to welcome Tom to our board of directors,” said Jim DeVries, ADT chairman, president and CEO. “Tom’s proven track record of driving operational excellence and his strategic mindset make him an outstanding...
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...