Tag: Protection 1

ROMEOVILLE, Ill.—Protection 1, which operates its own Network Operations Center, is seeing a rise in customers separating their security network in order to stay more cybersecure. Security Systems News talked with several professionals at Protection 1 about how cyberaware end users are today and the similarities and differences in cyber- and physical security solutions.“I think the awareness of cybersecurity is quite high. I say that because you see the popularity of a variety of different...

Protection 1, a full-service business and home security company, recently hired Tim Kudela as branch sales manager for its Seattle office. In his new role, Kudela is responsible for managing the sales activities of the residential and commercial sales consultants in his area, including hiring and training new consultants. Kudela, who has been in the industry for 31 years, began his career as an entry-level technician and has worked his way through all levels of the business up to branch management....

REDWOOD CITY, Calif.—Interactive services platform provider Alarm.com and cable giant Comcast are in talks to acquire platform provider Icontrol Networks, according to several sources who spoke to Security Systems News, and published reports.The deal could bring “Big Blue”—ADT, which has about 30 percent market share—to Alarm.com.  Contacted by SSN, Icontrol, Alarm.com and Comcast declined to comment.Alarm.com, a direct competitor to Icontrol, would likely acquire Icontrol's...

The "New ADT" is here. As of May 2, the Protection 1/ADT deal is closed, and ADT is no longer trading on the New York Stock Exchange. The deal, initially announced in February, was the third major security investment for Apollo Global, which announced it would buy ADT for $6.9 billion and merge it with Protection 1. I tried to get a call scheduled with Tim Whall who is the CEO of the combined company or someone else at “The New ADT,” but have not heard back yet. The official announcement...

CHICAGO—Protection 1's eSuite 2.0, the latest version of its data analytics/reporting platform for commercial customers, has a number of new features including mobile device capability.“We previewed it at ASIS and had it in beta, and now it's available for all commercial customers, national, regional and local,” Lisa Ciappetta, Protection 1 senior director of marketing, told Security Systems News.The platform notifies business owners and managers of “things that need to be...

BOCA RATON, Fla.—ADT stockholders will gather April 22 for a special meeting to vote on the proposed acquisition of ADT by Apollo Global Management. ADT announced in February that it had agreed to be acquired by Apollo for $6.9 billion. Apollo plans to merge ADT with Protection 1.The special meeting will be held at 9 a.m. in the main dining room at the New York Stock Exchange. ADT stockholders of record as of the close of business on March may vote.ADT on March 28 announced the expiration of...

ROMEOVILLE, Ill.—Protection 1, a full-service business and home security company, has hired Ken Rosen to serve as its new VP of residential Sales, reporting to chief revenue officer Jamie Haenggi. “I am excited to welcome Ken to the Protection 1 team,” Haenggi said in a prepared statement. “He has a strong sales background and is a dynamic leader who brings a wealth of experience and energy to drive our field organization.” Rosen began his career in the security industry...

YARMOUTH, Maine—Industry consolidation will accelerate this year with two megamergers—the Tyco/JCI deal and the ADT/Protection 1 merger—expected to close by the end of 2016. Does this activity help or hurt the industry? Respondents to Security Systems News' latest news poll who said massive consolidation is good just barely edged out those who said these megadeals hurt the industry. Meanwhile, another group of respondents said they have other things to worry about.Several respondents...

YARMOUTH, Maine—Monitoring companies have an opportunity to attract new business, new dealers and new employees in the wake of the planned ADT/Protection 1 merger, according to five leading monitoring companies who spoke to Security Systems News.“There's going to be a lot of really good people in this combined company that are not going to have a home in the long run or are going to find that they're not as happy as they might have been in the past,” John Cerasuolo, ADS Security...

BOCA RATON, Fla.—Apollo has landed again. After years of rumors that ADT would be acquired by one entity or another, the home and business security giant today announced it has agreed to be acquired by Apollo Global Management for $6.9 billion ($42 per share). Apollo plans to combine ADT with Protection 1 and, according to an ADT news release, “will operate primarily under the ADT brand.”Apollo, which manages $170 billion and is one of the world's largest private equity groups,...