Tag: Monitronics International

DALLAS—Monitronics International, Inc. and its subsidiaries, which includes Brinks Home Security, announced it has acquired approximately 114,000 residential alarm monitoring contracts from Protect America, Inc., totaling approximately $4.6M in recurring monthly revenue (RMR). “This transaction fits neatly into our philosophy of acquiring profitable accounts at scale and holding them for life,” William Niles, interim CEO, Brinks Home Security, said in the announcement. “The company [Brinks...

DALLAS—Following a pilot phase, Monitronics International is making its electronic “eContract” application available to its authorized dealers, according to a company statement. The application allows sales personnel to complete electronic versions of each contract, which reduces hard-copy paperwork. Once the customer confirms the information and acknowledges their understanding of it, the salesperson submits it, sending a PDF copy to both the company and the customer, the statement...

OREM, Utah—Pinnacle Security, a leading summer-sales-model company based here, recently announced an alliance with Monitronics International in which Pinnacle has sold Monitronics about 93,000 accounts and made an agreement for future account sales. The accounts represent $4.4 million of gross RMR, according to a news release.According to Pinnacle, the $131 million transaction, which closed last week, “reduces debt and accelerates sales and marketing initiatives.”The accounts sold...

DALLAS—Monitronics International has begun accommodating Wi-Fi for IP alarm communications, paving the way for what the company says will be easier installations and lower service costs for customers and dealers.Bruce Mungiguerra, vice president of Monitronics' sales and dealer program, said that since more than 60 percent of U.S. homes have wireless broadband, it makes sense to use it for alarm signals.“It should reduce the overall cost of service because IP communication is a lot less...

Muawia “Maui” Bishr, 36Senior director of dealer development and national accountsMonitronics InternationalDallas, TexasHow did you get into the security industry?As a college student, I started as a central station operator in 1998 (at Monitronics) with no intentions of still being in the industry 14 years later. A friend of mine called me, and (the position worked well) with school schedules. At the time Monitronics was only 50 or so employees. … I worked in the central station, I...

YARMOUTH, Maine—Santa Monica, Calif.-based Ascent Media Corporation announced Dec. 17 it had bought Monitronics International, one of the largest third party monitoring companies in the U.S. with more than 650,000 accounts, in a deal worth $1.2 billion. While many of the finer details of the deal are as yet unrevealed, industry observers have come forward to discuss the information made publicly available in a Dec. 20 Ascent investor call. Jennifer Holloway, president of Holloway Security Consulting,...