Tag: Reuters
Dude, where’s my car?
June 26, 2024Ken Showers, Managing Editor
If you’re among the many thousands of Americans who bought a car in the past week, odds are you didn’t have the easiest time.
Somewhere around June 18th CDK Global, a corporation that provides data and technology for a number of automotive and automotive adjacent industries was hit by a ransomware attack that affected nearly 15,000 car dealerships in North America. So, what exactly did the cybersecurity event effect? For one thing dealerships were unable to access the critical...
ASSA ABLOY delivers positive Q1 results in midst of trial proceedings
April 28, 2023Ken Showers, Managing Editor
WASHINGTON, D.C. – All signs pointed to a positive first quarter for lock maker and access solutions provider ASSA ABLOY despite a lawsuit looming over proceedings.
On April 26 the company held its quarterly earnings call for investors where it presented some strong numbers for growth including net sales increase of 22 percent to SEK 32,391 M (26,591), with organic growth of 8 percent (14) and acquired net growth of 5 percent. President and CEO Nico Delvaux attributed...
Twitter fallout has many questioning the security, legitimacy of the platform
October 31, 2022Ken Showers, Managing Editor
SAN FRANCISCO – The bird is out of the cage at Twitter after a weekend of chaos following Elon Musk’s arrival on the scene as the new owner of the social media platform.
Beginning on Oct. 27, Musk’s first act in his official capacity as the owner of Twitter was to fire CEO Parag Agrawal, CFO Ned Segal, and legal affairs policy chief Vijaya Gadde. Reports from both the Washington Post and Reuters seem to confirm that Musk’s team worked throughout the weekend in order plan...
PE firm wants to combine Protection 1 and ASG
May 12, 2015Martha Entwistle
NEW YORK—Apollo Global Management, a $163 billion private equity group, is in talks to acquire Protection 1 and ASG, with the goal of combining the two companies, a source close to the deal told Security Systems News.
Nothing has been finalized in the deal, the source said. Final bids for ASG were due May 11. “Two viable parties, one of which is Apollo,” are bidding on ASG, the source said.
“Apollo Global Management is one of the top three largest private equity funds...
ADT Q2 profit rises
May 3, 2013SSN Staff
BOCA RATON, Fla.—ADT said Wednesday that its second-quarter net income rose 2 percent, an increase aided by additional customers for its ADT Pulse home automation system, according to an AP report
For the period that ended March 29, ADT earned $107 million, or 47 cents per share. A year earlier the company earned $105 million (44 cents per share).
On an adjusted basis, however, which excludes separation-related income, the company posted earnings per share of $0.41 for the quarter, which were...
Vivint exploring sale
September 6, 2012Martha Entwistle
PROVO, Utah—Vivint is considering a sale with final bids due later this month, according to a Reuters report. The report said the home automation/home security company could be valued at as much as $2 billion, and that among three private equity groups looking at the company is GTCR—owner of Protection 1, one of the nation's largest security companies.
Reuters, citing unnamed sources, reported that other possible buyout firms are the Blackstone Group LP and Ares Management LLC.
Contacted...