Residential
Silverstein introduces resident keys in Apple Wallet
December 19, 2024SSN Staff
NEW YORK—Silverstein Properties, a real estate development, investment, and management firm, and its partners Allegion, SwiftConnect, and Kastle, have announced the introduction of resident keys in Apple Wallet for all apartment units at a multi-family housing location in New York City.
Tenants at Silverstein's Silver Towers residential property, located at 606 West 42nd Street, now have an easy and secure way to add a resident key to Apple Wallet to access the apartment building and...
Brinks Home plans for a tough 2025 residential market
December 11, 2024Ken Showers, Managing Editor
FARMERS BRANCH, Texas — After a year of volatility in the residential security market, Brinks Home has launched a program aimed at helping companies determine the value of their portfolio and drive their next move in 2025.
“Smaller smart home security companies and dealers may not be as capable of handling the stagnancy in the number of new household accounts,” said Natalie Bracamontez, vice president of marketing at Brinks Home. “Especially sales dealers and representatives...
Snap One adds Qolsys and DSC to partner portal
December 10, 2024SSN Staff
CHARLOTTE, N.C. — Snap One has expanded its security portfolio with the addition of Qolsys and DSC PowerG security sensors to the Snap One Partner Portal.
Snap One called the addition a direct result of the integration of Snap One and ADI and said that it strengthens its security offering. Snap One customers now have additional buying and integration options, as well as solutions and additional support for their end customers.
“The addition of Qolsys and PowerG sensors, locks, and...
RADCam feature represents ‘shift in how we think about residential security’
December 6, 2024Ken Showers, Managing Editor
DETROIT — Artificial Intelligence Technology Solutions (AITX) and its subsidiary Robotic Assistance Devices Residential (RAD-R) have introduced a new feature for RADCam called Package Theft Prevention that they say takes residential security to the next level.
The company believes the feature, which is designed to deter and respond to unauthorized package removal, is the first residential security camera to offer this level of proactive theft prevention.
“Package theft...
Brink's earnings fluctuate on volatility
November 7, 2024Ken Showers, Managing Editor
RICHMOND, Va. — The Brink’s Company managed double-digit organic growth in the third quarter of 2024 despite global market fluctuations.
Most impressive among the company’s quarterly achievements was the 26% organic growth for digital retail solutions (DRS) and ATM managed services (AMS) in every regional segment, ahead of its expectations.
Overall, however, the company’s quarter fell short of its initial expectations, something CEO Mark Eubanks attributed...
ADT Q3 paves the way forward through account acquisition and valuable partnerships
October 31, 2024Ken Showers, Managing Editor
BOCA RATON, Fla. — In spite of challenging market conditions ADT has shown admirable financial growth in the third quarter thanks to bulk account acquisition and partnerships with other major platforms.
“I'm pleased to report that ADT is continuing to deliver on our 2024 objectives and as we closeout the year, we're well positioned to deliver the full year financial guidance,” ADT CEO Jim DeVries told investors during a webcast.
He added, “In addition to...
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...
Smart homes, devices under spotlight during Cybersecurity Awareness Month
October 9, 2024Ken Showers, Managing Editor
YARMOUTH, Maine — Residential security has evolved to build higher fencers and stronger locks, but has the average homeowner considered securing their doorbell?
In honor of Cybersecurity Awareness Month in October, Security Systems News (SSN) looked at a more modern threat vector for security incidents: smart homes and smart home devices.
“CISA (Cybersecurity and Infrastructure Security Agency) is excited to again partner with the National Cybersecurity Alliance...
ADT reports another network breach
October 8, 2024Ken Showers, Managing Editor
BOCA RATON, Fla. — Home security company ADT reported that its network had been illegally accessed in a filing with the U.S. Securities and Exchange Commission early this week.
An ADT spokesperson told Security Systems News (SSN): “We are investigating a cyberattack on our network. For more information, we direct you to our Form 8-K disclosure filed with the SEC on Oct. 7.”
In that filing, the company clarified that the data breach occurred as a result of compromised...
Vivint celebrates 25 years
September 30, 2024SSN Staff
PROVO, Utah — Residential security and smart home services provider, Vivint, is celebrating its 25th anniversary.
Vivint pointed to the past quarter century, where the company said it has led home security innovation, efficiency, safety and defining what it means to have a smart home.
Vivint’s suite of smart home and security products includes a variety of home security cameras, doorbell cameras, sensors, smart locks and keypads in addition to their offered services. Vivint offers...