Tag: Google Nest
2023 Q4 earnings call sees a slimmed-down ADT eyeing growth in 2024
February 28, 2024Ken Showers, Managing Editor
BOCA RATON, Fla. – Following a year fraught with challenges for most companies, ADT enters 2024 leaner and hungry as it refocuses on its core business.
On Feb. 28, 2024, ADT held its fourth quarter (Q4) 2023 earnings conference call to discuss both its financial results and its direction as it enters 2024 lighter after divesting itself of its commercial business and discontinuing its ADT Solar division.
ADT provided a number of highlights for both the quarter and the...
Goodbye, Mr. Sunshine
January 31, 2024Ken Showers, Managing Editor
After a week of being under the weather I could use a little sun to brighten my outlook. Unfortunately, following some news last week, that doesn’t seem to be in the cards.
I’ll get to that point in a moment, since it’s a little detour from normal security news. The actual news I wanted to discuss this week is the often discussed but still unreleased ADT smart home security system made in collaboration with Google. It so happened that my boss asked me earlier this week what was...
ClareOne now features Google Nest integration
November 28, 2023SSN Staff
CHARLOTTE, N.C. – Snap One has revealed that its ClareOne Wireless Security and Smart Home system now features support for Google Nest integration.
According to Clint Choate, senior director of the security market at Snap One, the ability to integrate Google Nest products with ClareOne empowers users to deliver home automation and security through a unified touchscreen with the ability to add automations.
“Many modern homeowners want to utilize popular off-the-shelf products...
ADT partners with Costco to sell smart home security packages
March 8, 2023Ken Showers, Managing Editor
BOCA RATON, Fla. – ADT recently entered into a partnership with Costco to sell a pair of professionally installed smart home security packages through the company’s website.
Saying they’re helping them to protect and connect what matters most, Costco is offering members the ability to order two different packages: a 9-piece system and a 13-piece system, both of which include Google Nest products and ADT Smart Monitoring. Additionally, both systems come professionally installed.
That’s...
ADT introduces self-setup with Google Nest products
January 3, 2023SSN Staff
LAS VEGAS – At the Consumer Electronics Show (CES), ADT introduced the ADT+ app as part of a new fully integrated product ecosystem.
According to ADT, customers will now be able to access and control their ADT devices more easily. That includes a base, keypad, motion sensors, door and window sensors, smart bulbs, smart locks and smoke/carbon monoxide detectors, as well as compatible Google Nest Cams, Doorbell and Thermostats, through, “…an intuitive app experience,” the...
ADT presents Q3 fiscal results
November 4, 2022Ken Showers, Managing Editor
BOCA RATON, Fla.—Security giant ADT released its fiscal third quarter financial results this week, highlighting monthly revenue and partnerships.
President and CEO Jim DeVries described ADT’s performance in the third fiscal quarter as strong with top line growth at 22 percent to $1.6 billion. It generated an adjusted net income of $83 million ($0.10 per share). DeVries also said the quarter resulted in an improved adjusted EBITDA that was up 12 percent year over year.
In...
ADT announces State Farm investment, partnership
September 6, 2022SSN Staff
BOCA RATON, Fla. and BLOOMINGTON, Ill.—ADT has announced it will receive a $1.2 billion equity investment from State Farm, resulting in the home insurance provider owning approximately 15 percent of the company after the equity investment and the tender offer close.
This investment will allow State Farm to acquire 133.3 million shares of ADT’s common stock at $9 per share.
In addition, ADT plans to partner with State Farm and build upon its existing relationship...
Eight steps forward and one sideways for the security industry
December 9, 2019Brian Seemann
The security business is in the midst of upheaval, with tech giants like Google and Amazon offering consumers the tools to set up and operate their own secure smart homes. And, the rise of IoT gadgets is further redefining the industry. However, if the last several decades serve as a guide, change and upheaval are the norm for security professionals. New technologies shift solutions and business models, and give both installing dealers and consumers new opportunities and experiences.Nest, Ring and...
Will DIY, MIY impact you?
July 29, 2015Amy Canfield
What's the future normal for home security? According to an article from Business Insider, it's DIY and MIY, all from Silicon Valley giants Google and Apple along with telecom big names.
What do you think?
I speak to resi dealers five days a week. They tell me that DIY is often a selling point for them and that it works very well for some of their customers—especially in helping homeowners understand their systems better—but that MIY, on the other hand, is not beneficial. What happens...