Tag: solar
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...
Nice announces Juno
January 14, 2025SSN Staff
CARLSBAD, Calif. — Nice has announced the launch of Juno, an automated gate operator the company believes will redefine residential gate automation.
Juno features a compact design inspired by European aesthetics but tailored for the North American market. Its 17.2” w x 16”d dimensions can operate up to 800 lb. gates that are 40 ft long. Its integrated driveway light illuminates the driveway during gate activation, and the status indicator provides real-time updates, with green...
Product Launches: Latch, Verkada, Hikvision, Vivotek
May 14, 2024SSN Staff
Latch
M3 Retrofit Lock
Latch has announced its new M3 Retrofit Lock, which is designed to retrofit common mortise locks from Schlage, Sargent, Corbin, Marks, and Best. Mortise locks are a commonly used locking system in multi-family properties, which makes the M3 an efficient way for owners to seamlessly upgrade their resident experience and drive Net Operating Income (NOI). The new M3 joins Latch’s suite of locks, access control solutions, and building monitoring systems that help Latch...
ADT Q3 gains driven by strong retention, divestiture of commercial business
November 7, 2023SSN Staff
BOCA RATON, Fla. – ADT is reporting a significant improvement to its balance sheet in its third fiscal quarter, thanks to the divestiture of its former commercial division, as well as strong retention numbers and revenue from Consumers and Small Business (CSB).
A list of financial highlights from the quarter include total revenue of $1.2 billion with end-of-period recurring monthly revenue (RMR) up 3% to $350 million, high customer retention with gross revenue attrition maintaining 12.9%,...
Hikvision extends solar-powered kit offering
September 25, 2023SSN Staff
CITY OF INDUSTRY, Calif. – Hikvision, manufacturer and supplier of security products and solutions, has introduced the 4 MP Motorized Varifocal Bullet Solar Wireless Camera Kit (DS-2XS6A47G1-IZS/C36S80) and the 4 MP License Plate Recognition (LPR) Bullet Solar Power Network Camera Kit (DS-2XS6A47G1/P-IZS/C36S80).
Both solar additions have spectacular features according to Hikvision, which provide security for users anytime, anywhere there is no power supply, internet wiring, or a high cost...
SSN News Poll: uncertainty surrounds ADT sale
September 15, 2023Ken Showers, Managing Editor
YARMOUTH, Maine – Last month, ADT made the decision to sell its commercial business, and Security Systems News (SSN) asked readers to chime in and show how that decision is being received.
From interviews at GSX this week, ADT Commercial has made it clear that its excited about the sale, upcoming name change that has yet to be revealed, and the future potential of the company. The readers' response to the decision by parent company ADT to focus on residential, however, was...
Sunny Disposition
August 9, 2023Ken Showers, Managing Editor
I woke up to some awfully big news today in the security world as ADT announced the divestiture of its commercial business.
If one of you, dear readers, had an inkling about this occurring before it did, I’d like to know your sources, or at least have you pick some lottery numbers for me. When I read about divestiture it normally tracks pretty easily for me. For example, when Securitas dropped its Argentinean holdings, I wasn’t shocked. They had been facing a tough economic situation...
'Exciting road ahead' as ADT doubles down on residential, small business
August 8, 2023Ken Showers, Managing Editor
BOCA RATON, Fla. – ADT shook things up by preempting its second fiscal quarter 2023 earnings call with the news that the company is divesting itself of its commercial business.
As reported earlier by Security Systems News the company has entered into a definitive agreement to sell its commercial security, fire and life safety business unit to private equity firm GTCR for a purchase price of $1.6 billion. The transaction has been approved by the company’s board of directors and is expected...
ADT Q4 sees record-high retention, recurring monthly revenue
March 1, 2023Ken Showers, Managing Editor
BOCA RATON, Fl. – ADT Inc. has seen its fourth consecutive financial quarter results hit record highs as the company released its results on Feb. 28.
Of note the company pulled in a Q4 total revenue of $1.6 billion, up 19 percent from last year, 8 percent when excluding solar and end-of-period recurring monthly revenues. ADT also boasted record-high customer retention with a gross customer revenue attrition rate of 12.5 percent. The company’s total revenue was...
Alarm.com integrates Kohler/Phyn water monitoring solutions to platform
October 5, 2022SSN Staff
KOHLER, Wis. and LOS ANGELES – Bath and kitchen product innovator Kohler joined with Phyn, a leader in intelligent water solutions, to provide their suite of home monitoring solutions to the Alarm.com platform.
Kohler and Phyn say the integration make it easier for customers to track their water consumption identifying areas of excess use, and track leaks in real time to help conserve money and resources.
"We are very excited to offer Kohler's new H2Wise solution as an option for...