Tag: Residential

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...

NEW YORK – Residential SaaS platform Latch has announced plans to rebrand to Door.com,  with an expanded vision the company said will “unlock” the potential of the Honest Day’s Worker. In a statement from Latch, the company said it plans to maintain its focus on its core access control business under the Latch brand, while launching additional brands under the Door.com umbrella to create a new platform for service providers that “make the world go round”....

AMITYVILLE, N.Y. – NAPCO Security Technologies announced the introduction of Tim Cahoon as its new national training manager, reporting to VP of Sales, NAPCO Fire & Security, Michael Venoit. NAPCO said that Cahoon was Ideal for extending the company’s west coast training support. Based in Phoenix, Cahoon, will be providing new product introductions and technical classes on NAPCO’s full range of residential and commercial solutions, in person and online. Cahoon joins...

I woke up to some awfully big news today in the security world as ADT announced the divestiture of its commercial business. If one of you, dear readers, had an inkling about this occurring before it did, I’d like to know your sources, or at least have you pick some lottery numbers for me. When I read about divestiture it normally tracks pretty easily for me. For example, when Securitas dropped its Argentinean holdings, I wasn’t shocked. They had been facing a tough economic situation...

DUBLIN – Allegion held its 2023 second quarter earnings call on July 26, and the results are a year of positive gain and increased expectations. These results mirror a surprisingly well-padded first quarter that could not be dampened by the soft residential market. Now several months later Allegion is reporting revenues of $912.5 million, up 18% on a reported basis and up 5.6% on an organic basis in the second quarter of 2023. “In Q2, strength across both residential and nonresidential...

I just finished up ASSA ABLOY’s second quarter presentation and they’re still powering on with a new acquisition to sweeten the pot, but those darn residential numbers continue to be a thorn in their side. Bearing that in mind the title of today’s blog is a little tongue in cheek, it's not the little people causing all that softness in the residential market, at least not to the degree that it's currently suffering, that’s a multi-aspected hydra that’s global...

HOUSTON – Smart home company Vivint has branched out into a new residential product category this month as its parent company faces opposition from investors. Vivint Smart Lighting is a solution the company said is designed to make homes, "Safer, smarter, and more sustainable.” The company said the products allow users to place switches anywhere without requiring electrical work while expanding the smart capability of a home.  It marks one of the first major announcements...

PLEASANTON, Calif. – Deep Sentinel, an AI-powered 24/7 live video monitoring security provider that uses remote guards, announced a $15 million round of funding led by Intel Capital. Also participating in the funding round are Shasta Ventures, Slow Ventures, UP2398, and Jason Calacanis' The Syndicate. Using their proprietary Artificial Intelligence (AI) technology and their team of professional remote security specialists Deep Sentinel identifies threats in real time communicating directly...

ROCHESTER, N.Y. – Doyle Security Systems, a residential and commercial security, fire and medical monitoring systems provider, has announced its acquisition of AMS Security Plus, an Albany-based private company. Post acquisition all of AMS’ accounts will be monitored by Doyle Security’s Emergency Response Center. AMS CEO Don Simpson will continue to work with Doyle and AMS Security customers for at least one year. Regarding the merger, Doyle Security President and Chief Executive...

WASHINGTON, D.C. – Global access solutions provider ASSA ABLOY has resolved its lawsuit with the U.S. Department of Justice (DoJ), paving the way forward for its acquisition of Spectrum Brands’ Hardware and Home Improvement division (“HHI”). On May 5 the company reached a settlement with the DoJ that will see ASSA ABLOY move forward with its divestment of Emtek and the Smart Residential business in the U.S. and Canada to Fortune Brands. At the time ASSA...