Tag: ADT Commercial
ADT completes sale of commercial division, ADT Commercial rebrands to Everon
October 2, 2023SSN Staff
BOCA RATON, Fla. – ADT has completed what it began in early August of this year, with the divestiture of its commercial division and ADT Commercial rebranding to Everon as part of its acquisition by private equity firm GTCR.
The commercial security, fire and life safety provider and integrator announced today that it will move forward as a standalone organization and rebranded as Everon. The proceeds of the sale nets ADT approximately $1.5 billion, which significantly reduces...
SSN interview with ADT Commercial President Dan Bresingham
September 25, 2023Ken Showers, Managing Editor
DALLAS – Security Systems News (SSN) spoke with ADT Commercial President Dan Bresingham at GSX about its sale to private equity firm GTCR and what comes next for them.
This interview has been edited for length.
SSN: Can you tell us what you have going on for GSX this year, Maybe tell us a little bit about the recent big news you had.
DAN BRESINGHAM: Yeah, we've had a great run. So, we've kind of created ADT Commercial back in 2020. That was our birthday...
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...
'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 sells commercial business for $1.6 billion to private equity firm
August 8, 2023SSN Staff
BOCA RATON, Fla.—On the heels of reporting its Q2 financial results, ADT made a huge announcement this morning, entering 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.
Proceeds from the sale, which is expected to close in the fourth quarter of 2023, will be used to reduce debt by $1.5 billion, with cash interest savings expected to offset the impact of divesting the commercial...
ADT Commercial launches Everon at NRF PROTECT
June 5, 2023SSN Staff
GRAPEVINE, Texas – ADT Commercial launched the rebrand and redesign of its customer engagement platform, Everon, on June 5 at the National Retail Federation (NRF) PROTECT event.
The modernization of Everon, formerly known as eSuite, has been driven by years of direct customer feedback according to ADT, as a result Everon touts having a more intuitive, user-friendly experience that boasts a host of new features, system efficiencies, mobile responsiveness and supportive, self-service functions.
“Everything...
ADT Commercial enters guarding space with launch of EvoGuard brand at CES 2023
January 5, 2023SSN Staff
LAS VEGAS—ADT Commercial, a security integrator and provider of commercial security, fire and life safety services in the U.S., unveiled its new EvoGuard intelligent autonomous guarding solutions brand at CES 2023.
EvoGuard by ADT Commercial is a new suite of intelligent autonomous guarding solutions and services aimed at helping to cost-effectively enhance corporate security programs, while responding to high turnover rates and ongoing labor shortages in the guarding market.
EvoGuard...
ADT Commercial names Philippe Sawaya as first director of Artificial Intelligence
November 18, 2022SSN Staff
BOCA RATON, Fla.—ADT Commercial announced that Philippe Sawaya has been selected as its first-ever director of Artificial Intelligence (AI).
In his new role, Sawaya is leading company efforts in the development and deployment of AI with exceptional analytical capabilities to support the specialized needs of commercial customers across industries.
Sawaya leads newly formed Artificial Intelligence team to help mobilize ADT Commercial’s purposeful innovation efforts by building...
ADT Commercial recognized for veteran employment
November 9, 2022SSN Staff
DALLAS – U.S. Secretary of Labor Martin J. Walsh has recognized ADT Commercial as one of the 835 recipients of the 2002 Hire Vets Gold Medallion Award from the Department of Labor.
This award recognizes ADT for its dedication to the employment of military veterans as part of the Honoring Investments in Recruiting and Employing American Military Veterans Act of 2017. ADT Commercial was presented with the award in a virtual ceremony held on Nov. 9.
Those receiving the HIRE Vets Medallion...
GSX 2022 is live! A preview of some of the products and services on the floor
September 12, 2022SSN Staff
ATLANTA – GSX is going on right now in Atlanta and for those who can’t be in attendance SSN is on location.
While we meet with industry movers and shakers and look at all the upcoming products from the security industry here’s a small sample of just a few of the companies and their offering:
ADT
ADT Commercial will have their leading indoor drone and humanoid robotic platforms on display at GSX this year as it gets closer to the commercialization of those AI driven autonomous...