Residential
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...
ASSA ABLOY acquires California-based Level Lock
September 10, 2024SSN Staff
STOCKHOLM —ASSA ABLOY announced it has acquired Level Lock, a technology solutions business based in Redwood City, Calif.
"I am very pleased to welcome Level Lock into the ASSA ABLOY Group. This acquisition is an exciting technological addition to the ASSA ABLOY Group and will provide complementary growth opportunities,” said Nico Delvaux, president and CEO of ASSA ABLOY.
"The acquisition of Level Lock complements ASSA ABLOY’s technology portfolio and strengthens...
DOOR to bring self-guided touring and leasing to services in deal with block.a
September 6, 2024SSN Staff
ST. LOUIS — Latch, Inc., soon to be DOOR, has announced it has agreed to a deal with block.a, a platform that DOOR believes will save users time and improve prospect conversion rates.
DOOR said that block.a’s technology streamlines the resident touring process, including scheduling and follow-up, to make it more efficient and engaging for both property managers and prospective tenants. The company expects to integrate block.a’s technology into DOOR Services, along with the HelloTech...
Brinks Home shares fall safety, security tips
September 4, 2024Ken Showers, Managing Editor
YARMOUTH, Maine — The approaching fall season is a good time for security providers to check in with their residential customers to review fire safety tips, confirm their devices are working properly and make sure they’re stocked up on emergency supplies, according to Brinks Home.
"It's easy to get swept up in the excitement of the changing season—from back-to-school activities and setting up the best Halloween decorations to the countdown to Thanksgiving,”...
A strong Q2 for Brinks, led by strategic objectives
August 13, 2024Ken Showers, Managing Editor
RICHMOND, Va. — The Brink’s Company posted an impressive second quarter for 2024 thanks to growth in its ATM managed services (AMS) and digital retail solutions (DRS), as well as continued margin expansion in North America.
Brinks saw record revenue growth of 3% in the second quarter and organic revenue growth of 14%, including accelerating organic growth of 26% for AMS/DRS, and margin increase of 360 basis points.
“We continue to make meaningful progress executing...