Tag: residential market
ASSA ABLOY justifies Citizen ID divestment
October 29, 2024Ken Showers, Managing Editor
STOCKHOLM — ASSA ABLOY CEO Nico Delvaux said the company recently divested Citizen ID, its physical and mobile identity solutions business, because it was playing too much catch up in that market.
“As you know, we, we constantly look at our portfolio and from time to time we decide that something does not fit the portfolio,” he said during the company’s 2024 Q3 earnings call. “I think if you look at the time that I've been here since 2018, I think we did...
SALTO launches smart access solution, Homelok
November 10, 2022SSN Staff
OIARTZUN, Spain – Smart access control solutions company SALTO have announced their latest platform aimed at the residential market, SALTO Homelok.
Homelok is set to be an all-in-one solution integrating smart access control technology, hardware, cloud software, digital keys, a smart living ecosystem, and global service support for users.
“Smart home living is becoming increasingly more popular,” said Iñigo Unanue, the Global Residential Lead at SALTO Systems. “Residents...
U.S. households feel 'safe enough' with smart home security devices
October 1, 2020SSN Staff
DALLAS—New research from Parks Associates finds 60 percent of U.S. broadband households feel “safe enough” with only a professionally monitored home security system while 55 percent report feeling safe enough with only a self-monitored home security system.
“While most consumers feel ‘safe enough’ only with a home security system, security-focused smart home devices delivers this same baseline feeling of security for a majority of households,” Brad Russell,...
Hearing the chimes (aka Sam's on vacation)
June 1, 2010Martha Entwistle
You know, I've heard more than one dealer tell me that the only reason people keep their home security systems operational is for the chimes that sound when the doors open. I can now attest that is the only reason the in-laws we're staying with here in Ohio keep their system up and running. They never arm it, they don't even know who monitors it (not sure if they even pay that bill, actually), but they love the chimes. The kids come and go as they please and they keep a mental tally by the chimes....
Nortek CEO's view of the market
May 19, 2010Martha Entwistle
You may not know Nortek, but they're the manufacturing conglomerate that owns Linear and Aigis and a couple dozen other companies that play in ancillary markets to security, like residential HVAC and home audio and commercial gates, etc.
They've been around since 1967, but have had some struggles lately, including a bankruptcy filing in late 2009 (though I'm not feeling too bad for them - they managed to eliminate $1.3 billion in debt through the restructuring. Wish I could get rid of my student...