Tag: Residential Security
‘No stone unturned’ as Resideo seeks value from acquisition
May 8, 2024Ken Showers, Managing Editor
SCOTTSDALE, Ariz. – Resideo Technologies’ recent acquisition of Snap One provided a nice layup for company executives to talk about the impact on the company’s financial performance during a recent conference call.
Resideo President and CEO Jay Geldmacher told investors on the call that Resideo had identified meaningful cost synergies between ADI and Snap One.
“Needless to say, the team is quite excited about the future integration of Snap One into Resideo,...
ASSA ABLOY seeks to ‘protect the bottom line’ in U.S.
May 1, 2024Ken Showers, Managing Editor
STOCKHOLM – As challenges continue to mount in the residential security market in the U.S., ASSA ABLOY is making sure it “adapts cost to the new reality,” says President and CEO Nico Delvaux.
“It's clear that we continue to operate in an uncertain economic climate,” he said. “As I said in previous quarters, we will continue to take advantage of those opportunities we see in the market. There are still regions where we see very good momentum. There...
Cupid de Locke
February 14, 2024Ken Showers, Managing Editor
It’s Valentine's Day and I’d love to mention that I have a sweetheart of a topic to share this week, but I’m sorry to say it’s left me a little brokenhearted.
Since the beginning of February, I’ve been watching a lot of Q4 2023 reports roll out and while we can still safely call it the year of AI, it’s also the year of the residential security market falling flat on its face. I talked about this a bit in my last blog post where I discussed ADT...
Resideo reveals Q4 and 2023 results release date
January 29, 2024SSN Staff
SCOTTSDALE – Resideo Technologies, Inc., a global provider of home comfort, life safety and security solutions, and distributor of commercial and residential security and audio-visual products, will release its fourth quarter (Q4) and full-year 2023 financial results on Tuesday, Feb. 13, 2024.
A conference call and simultaneous webcast to discuss the results will be held on Tuesday, Feb. 13, at 5:00 p.m. ET. Interested investors and other parties can listen to a webcast of the...
Guardian Protection and Blitzz partner on Virtual Appointments
December 5, 2023SSN Staff
SAN JOSE, Calif. – Blitzz, a remote customer support provider has partnered with Guardian Protection, a residential and commercial security company, to launch a new service for the majority of its more than 250,000 Guardian Protection residential customers: Virtual Appointments.
Virtual Appointments use augmented reality (AR) to help agents quickly and easily resolve customer queries that potentially require a service visit, over a live video call instead. Guardian Protection said that...
Bank Shot
March 15, 2023Ken Showers, Managing Editor
If you’ve been following the news recently, you’ve probably heard about the woes surrounding Silicon Valley Bank (SVB) and its ultimate demise due to poor management.
Not exactly a security topic strictly speaking, but the minute I heard about it my mind wandered to who was getting stung by the collapse of the financial institution. At first, I didn’t turn up much of interest to me personally, but then I saw it. Latch Inc., the deeply embattled residential security platform,...
Alarm.com releases Q4, full-year 2022 results
February 24, 2023Ken Showers, Managing Editor
TYSONS, VA – Alarm.com has released its fourth fiscal quarter 2022/full-year results, and the outlook is positive for the residential security provider.
On Feb. 23 the company held its conference call and webcast discussing its earnings as the company looks to 2023. At a glance, the company’s fourth quarter Software-as-a-Service (SaaS) and license revenue increased 10.5 percent year-over-year to $134.6 million, and total revenue increased 6.6 percent year-over-year...
Government funding bill includes $2.5M for U.S. Senate home security
December 20, 2022Ken Showers, Managing Editor
WASHINGTON, D.C. – Congress will be voting on the federal government's $1.7 trillion funding bill, the Consolidated Appropriations Act of 2023, and among its many expenditures is $2.5 million toward residential security for U.S. Senate members.
On page 1,137 of the nearly 4,200-page document, bill writers stated that, “For expenses of the Office of the Sergeant at Arms and Doorkeeper of the Senate, $171,844,000, of which $160,144,000 shall remain available until...
Pye-Barker acquires ComTronix, expands footprint in Wyoming
November 9, 2022Ken Showers, Managing Editor
ATLANTA – It has been a busy year of growth for the Pye-Barker alarm division and its latest acquisition gives no hint of slowing down.
On Nov. 9, Pye-Barker announced the acquisition of Wyoming-based ComTronix, a residential security and fire alarm monitoring company. In a release, Pye-Barker stated that this acquisition expands its footprint within Wyoming and further strengthens its growing alarm division. In particular they hope this acquisition will enhance its communication...
Resideo releasing 3Q financial results on November 1
October 17, 2022SSN Staff
SCOTTSDALE, Ariz. – Resideo, a security solutions provider and distributor of residential security and audio-visual products announced today that they would be releasing their third fiscal quarter financial results on November 1.
The company stated that post closing of the New York Stock Exchange on Tuesday, November 1 that they would be hosting a simultaneous conference call and webcast to discuss the results at 5:00 p.m. E.T. Investors and other interested parties can view the webcast...