Residential

DALLAS – Brinks Home announced that its monitoring centers have earned UL certification for Alarm Validation Scoring (AVS-01), giving them the ability to provide Emergency Communications Centers with clearer information.  Designed by The Monitoring Association, the AVS-01 is a framework for alarm validation scoring that provides ECCs with the information needed to accurately assess the severity of an alarm and pass that information to the appropriate authorities before they arrive on-site.   “The...

DALLAS – Brinks Home has announced the promotion of Sava Tsvetkov to executive vice president and chief financial officer (CFO) from senior vice president of finance and strategy. Brinks Home said that Tsvetkov’s promotion recognizes his leadership and contributions to the company’s growth over the past seven years. “Sava has been instrumental in shaping Brinks Home’s financial strategy, and his leadership has been integral to our success,” said William Niles,...

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...

SCOTTSDALE, Ariz. — Resideo Technologies exceeded key metrics in the fourth quarter and is in a strong position going into 2025, company officials said during a recent webcast presentation.   CEO Jay Geldmacher attributed the company’s success to the ADI and Products and Solutions teams and their operational execution generating organic net revenue growth and leading to continued gross margin expansion, healthy adjusted EBITDA growth and record operating cash generation.  “Let...

TYSONS, Va. — Alarm.com announced during its fourth quarter and year-end webcast that CFO Steve Valenzuela would be retiring, effective June 2, 2025, in what was described as an amicable departure.  The longtime CFO garnered praise from CEO Steve Trundle, who he credited for raising more than $1 billion in cash during his tenure at the company.  “We are very thankful for all of Steve's contributions over the years, which I would like to recognize,” he said. “Steve...

TYSONS, Va. — CEO Steve Trundle attributes Alarm.com’s ability to buck trends in residential security to product innovation, including AI-based video analytics capabilities; expanded opportunities in the remote video monitoring (RVM) market; and various growth initiatives.  “In 2024, our North American residential business continued to be the largest component of our diversified business,” Trundle told investors during a recent conference call to discuss the company’s...

DALLAS — Changing times have provided residential smart device integrators with a chance to meet the changing needs of consumers, according to research performed by Parks Associates. Data from the group’s Video Services Consumer Insights Dashboard reported that 46% of US internet households (roughly 56 million) are cord cutters, with 12% having never subscribed to traditional pay TV services. That’s a large market of consumers who increasingly rely on smart device integration...

STOCKHOLM — ASSA ABLOY CEO Nico Delvaux believes the company’s “decentralized organization” will help it weather an uncertain political climate that includes U.S. tariffs on steel imports.  “I would say we also continue to live in an uncertain political climate where potential tariffs come and go,” Delvaux said during a recent conference call to discuss the company’s fourth quarter financial results. “That's something we have to live with...

LAS VEGAS — During a panel at CES this year, ADT’s Gilles Drieu discussed the company’s vision for a future that sees smart devices integrating with home security systems “effortlessly” within a unified and interoperable network.  At the center of those efforts, according to ADT, is connecting two different communication protocols: Matter and Z-Wave.  “It’s not enough for devices to be smart individually,” said Drieu, SVP & CTO, during...

DETROIT — Artificial Intelligence Technology Solutions, Inc. (AITX) has announced the appointment of Steve Danelon as president of its subsidiary, Robotic Assistance Devices Residential, Inc. (RAD-R). Danelon brings with him a 30-year career in the security industry, including 22 years of leadership with Allied Universal, where he oversaw Canadian sales and operations. Following his tenure at Allied Universal, Steve founded Fortress Solutions, a boutique residential security company. The...