Tag: Residential Security
Bank Shot
March 15, 2023Ken Showers, Managing Editor
If you’ve been following the news recently, you’ve probably heard about the woes surrounding Silicon Valley Bank (SVB) and its ultimate demise due to poor management.
Not exactly a security topic strictly speaking, but the minute I heard about it my mind wandered to who was getting stung by the collapse of the financial institution. At first, I didn’t turn up much of interest to me personally, but then I saw it. Latch Inc., the deeply embattled residential security platform,...
Alarm.com releases Q4, full-year 2022 results
February 24, 2023Ken Showers, Managing Editor
TYSONS, VA – Alarm.com has released its fourth fiscal quarter 2022/full-year results, and the outlook is positive for the residential security provider.
On Feb. 23 the company held its conference call and webcast discussing its earnings as the company looks to 2023. At a glance, the company’s fourth quarter Software-as-a-Service (SaaS) and license revenue increased 10.5 percent year-over-year to $134.6 million, and total revenue increased 6.6 percent year-over-year...
Government funding bill includes $2.5M for U.S. Senate home security
December 20, 2022Ken Showers, Managing Editor
WASHINGTON, D.C. – Congress will be voting on the federal government's $1.7 trillion funding bill, the Consolidated Appropriations Act of 2023, and among its many expenditures is $2.5 million toward residential security for U.S. Senate members.
On page 1,137 of the nearly 4,200-page document, bill writers stated that, “For expenses of the Office of the Sergeant at Arms and Doorkeeper of the Senate, $171,844,000, of which $160,144,000 shall remain available until...
Pye-Barker acquires ComTronix, expands footprint in Wyoming
November 9, 2022Ken Showers, Managing Editor
ATLANTA – It has been a busy year of growth for the Pye-Barker alarm division and its latest acquisition gives no hint of slowing down.
On Nov. 9, Pye-Barker announced the acquisition of Wyoming-based ComTronix, a residential security and fire alarm monitoring company. In a release, Pye-Barker stated that this acquisition expands its footprint within Wyoming and further strengthens its growing alarm division. In particular they hope this acquisition will enhance its communication...
Resideo releasing 3Q financial results on November 1
October 17, 2022SSN Staff
SCOTTSDALE, Ariz. – Resideo, a security solutions provider and distributor of residential security and audio-visual products announced today that they would be releasing their third fiscal quarter financial results on November 1.
The company stated that post closing of the New York Stock Exchange on Tuesday, November 1 that they would be hosting a simultaneous conference call and webcast to discuss the results at 5:00 p.m. E.T. Investors and other interested parties can view the webcast...
Reliant teams up with SimpliSafe to deliver home security to Texas customers
August 4, 2020SSN Staff
HOUSTON—As part of Reliant’s focus on providing cutting-edge smart home and security innovations to customers across Texas, the company established a new relationship with SimpliSafe to provide renters and homeowners in urban and rural markets with special offers and discounts, enabling them to better protect their most valuable assets: their home and loved ones.
“Providing our customers with the best in home energy tech solutions and ensuring their comfort and safety is something we...
Cove and RapidSOS partnership benefits home security industry
July 9, 2020SSN Staff
NEW YORK, NY—Utah-based, DIY security company, Cove, offering premium home security and now certified as RapidSOS Ready, is capable of sending life-saving, home-security data directly to 911 centers to empower the fastest, most effective emergency response, as opposed to verbally relaying all critical information from the monitoring center to 911 centers. Noted in the announcement, according to 911 dispatchers this could save three to four minutes in the emergency response process and eliminate...
Residential security adoption rises to 33 percent
April 17, 2020SSN Staff
DALLAS—Consumer Insights 2020 research from Parks Associates finds security system adoption, after holding steady at 25-28 percent for over five years, jumped up to 33 percent of U.S. broadband households at the end of 2019.This growth comes as consumers have more options, including DIY and ad hoc monitoring through smart home devices. Parks Associates research emphasizes that 2020 will bring new challenges to the security industry as the COVID-19 pandemic is rapidly impacting the economy and...
REMO slams the door on intruders, fire and more
October 9, 2019Ginger Hill
ENGLEWOOD CLIFFS, N.J.—With such advanced security technologies and products available on the market, it's easy to dismiss the basics. Take the humble door, for example. It stands tall and proud, marking the entrance and exit of homes and buildings � almost taken for granted as just a simple thing needed when building a house or structure � just another fixture. Yet, the door can be much more!
Back in December 2017, the investigative team of NBC affiliate KGW in Portland, Oregon...
ADT signs definitive agreement to sell Canadian ops to TELUS Corporation
October 1, 2019SSN Staff
BOCA RATON, Fla.—ADT Inc., a smart home security provider serving residential and business customers, today announced that it has entered into a definitive agreement to sell ADT Security Services Canada, Inc. to TELUS Corporation for approximately CA$700 million in cash, subject to certain adjustments. The transaction comprises all of ADT Canada's operations and assets, and is expected to close in the fourth quarter of 2019, contingent on customary closing conditions and other business requirements,...