Security Systems News

OCT 2018

Security Systems News is a monthly business newspaper that reaches 25,100 security installers, product distributors, central stations, engineers & architects, and security consultants. Our editorial coverage focuses on breaking news in all major se

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Page 24 of 32

Head briefs ADT unveils leadership succession plan By SSN Staff NEW HAVEN, Conn—Yale Locks & Hardware announced that smart locks from its Assure Lock line can now be connected to Comcast's Xfinity Home ser- vice, its home security and home automation solution, when pur- chased with a Yale Zigbee Net- work Module. "We're delighted to partner with Xfinity Home and have our Assure Lock line play a critical role securing front doors across the country," Jason Wil- liams, president, ASSA ABLOY U.S. Residential Group, which includes Yale Residential, said in the announcement. "Xfinity Home customers can now con- nect an Assure Lock that's right for them and control access and secure their homes from the Xfin- ity Home mobile app." The Yale Assure Lock line is an extensive series of smart locks that offers homeowners the choice of key-free or keyed locks in both touchscreen a n d p u s h - button ver- sions, all in a choice of three finishes. Four compat- ible Assure Locks with a Zigbee Net- work Module (available for purchase separately or with the lock) can be added to the Xfin- ity Home mobile app. Xfinity Home customers who already own a compatible Assure Lock can purchase a Yale Zigbee Net- work Module separately and eas- ily add the device onto the Xfinity platform. When Yale's smart lock is inte- grated into an Xfinity Home system, the door locks can be controlled and monitored f r o m a n y - where using t h e X f i n i t y Home mobile app (iOS or A n d r o i d ) . U s e r s c a n remotely lock and unlock doors, check lock status, and create rules such as receive a notifica- tion if the door is unlocked after 8:30 p.m. Additionally, Xfinity Home customers with the X1 voice remote can say, "Lock the front door" to lock their compat- ible Yale Assure Lock. "Smart door locks can be a meaningful home security addi- tion, especially when combined with other IoT devices like cam- eras," Patti Loyack, vice presi- dent, IP services, and home auto- mation, for Comcast Cable, said in a prepared statement. "Xfinity's platform gives consumers the ability to manage and control all of their smart devices in one uni- fied experience and we're excited to give our customers even more choice by integrating the Assure Lock line from Yale." Yale Assure Lock line with Zigbee is now available to Xfin- ity Home's more than 1.2 million subscribers. SSN Yale and Comcast announce key partnership Digital Security by ADT launches Identity Protection nationwide BOCA RATON, Fla.—ADT recently announced Digital Security by ADT, a cybersecurity service that will offer peace of mind at home and on the go by helping protect a customer's personal identity, digital data, home network and financial information, and is backed by live operators 24/7. "Since ADT began in 1874, our mis- sion has been to help keep families and homes safe," Jim DeVries, current presi- dent and incoming chief executive officer of ADT, said in the announcement. "With online threats occurring more often than ever before, our mission evolved to not only help protect the premises, but also people on the go and their network and digital identity." Starting Sept. 6, Identity Protection will be exclusively available on ADT's e-com- merce platform. Digital Security by ADT provides cybersecurity options for every consumer, including different levels of identity theft monitoring and protection, a personal secure virtual network (VPN) for app-based Wi-Fi privacy outside of the home, and home network security using the secure Wi-Fi router, which can be installed by a trained ADT technician. ADT announced a range of services that Digital Security by ADT launched in early September or will provide later in the year. Its Identity Protection will pro- vide monitoring and support to help cus- tomers minimize their risk of identity theft and loss exposure. Research finds rise in standalone IP cameras LONDON—Parks Associates released Smart Product Market Assessment: Networked Cameras, which estimates 7.7 million standalone and all-in-one networked/IP cameras will be sold in the U.S. in 2018, with $889 million in rev- enues. "IP cameras are key security-related devices and provide peace of mind to consumers. As such, these devices are consistently among the most popular smart home devices," Dina Abdelrazik, research analyst, Parks Associates, said in the announcement. "Currently 9% of U.S. broadband households own one, but advances in image recognition and ease of self-installation, combined with a strong user experience, are driving increased adoption, with retail channels (online and in-store) starting to dominate sales." DIY cameras represent the majority of sales as these products are improving consumer experiences for installation, setup, and usage. Consumers still value recommendations and setup assistance, though—seven out of 10 consumers planning to buy a networked/IP camera would consider recommendations from an insurance or security company to be "important or very important." By SSN Staff BOCA RATON, Fla.—ADT announced today that Jim DeVries, currently president of ADT, will be promoted to chief executive officer to succeed Tim Whall, who will be retiring on Nov. 30, 2018 after a decades- long career in the security indus- try. "I am honored to have the opportunity to lead this talented team as we continue to drive operational excellence with the customer as our true north," DeVries said in the announce- ment. "Together, we will execute our strategies to innovate the cus- tomer experience, enhance our service capabilities, and deliver value for all stakeholders. ADT, including our dealer partners, has an exciting future ahead and I am energized by the opportunity to further establish the Company as an innovative leader. I look for- ward to working closely with Tim to ensure a seamless transition." DeVries will be appointed to the company's board of direc- tors following the transition, and Whall will remain on the company's board and serve as an advisor to the company. "The company has strength- ened its core operations and is successfully executing on its strategy, and both the Board and I believe that now is the right time to initiate this transition of lead- ership responsibilities," Whall said in the announcement. "Jim DeVries has led many of the Com- pany's recent operational and strategic improvements as Chief Operating Officer and President, making him well-positioned to succeed me as Chief Executive Officer. Today the fundamentals of our business are strong and I am confident that under the leadership of Jim and the cur- rent management team, ADT will continue to perform and deliver on its long-term growth plans." "As President, Jim has demon- strated his deep understanding of the dynamics of our business and what it takes to win in the mar- ketplace," Marc Becker, chairman of the ADT board of directors said in a prepared statement. "Lever- aging his strengths, including developing strategic partner- ships, Jim is well suited to lead the company's efforts to drive innovation, expand market share and create shareholder value. The Board expects the transition to be seamless and efficient, and with a world-class leadership team in place we will continue to build on our efforts to grow the busi- ness in a disciplined manner." He continued, "On behalf of the Board and the Company, I want to thank Tim for his many contributions to ADT." DeVries, who joined ADT as chief operating officer in May 2016, has served as President since September 2017. SSN By Spencer Ives N A S H V I L L E , Te n n . — A D S S e c u r i t y re c e n t l y announced two acquisi- tions: Delta Security Sys- tems, based in Brownsville, Tenn., and Wilson Alarm Company in Hopkinsville, Ky. "The key is that it builds on the reputation we have with cus- tomers by bring- i n g l o n g - t e r m r e l a t i o n s h i p s , " John Cerasuolo, p r e s i d e n t a n d CEO of ADS Secu- rity, told Security S y s t e m s N e w s . " T h e s e a re n o t re c e n t - l y g e n e r a t e d a c c o u n t s , they're not fast growing companies. These custom- ers have been with each of these two businesses for a long time." In total, the purchas- e s a d d e d a b o u t 1 , 0 0 0 accounts to ADS' base and the company is bringing on one employee from Delta. Both Delta and Wilson had mostly residential custom- ers, with some commercial. This pair of deals makes six acquisitions for ADS in 2018. [See page 12 for company's seventh deal.] Delta Security Systems c u s t o m e r s w i l l n o w b e serviced by the ADS Secu- rity branch in Jackson, Te n n . , a n d t h e Wi l s o n Alarm Company custom- ers will be serviced by the ADS branch in Clarksville, Tenn. A D S v a l u e s d e a l s , s u c h a s Delta and Wilson, w h e re t h e c u s - tomers are well serviced by small business owners, with close contact and relationships, Cerasuolo said. "That just helps us to build on what we have going in each of these markets." He continued, "These often will be the best deals that we do, in terms of attrition and fold-ins to an existing branch location where we have a big pres- ence. " S o , t h e y ' re s m a l l i n account number, but big in terms of the impact that have on us growing each of our individual locations," Cerasuolo said. SSN ADS purchases two, its fifth and sixth of '18 "Xfinity Home customers can now connect an Assure Lock that's right for them and control access and secure their homes from the Xfinity Home mobile app." —J. Williams, ASSA ABLOY John Cerasuolo ADS acquires resi-focused Delta Security Systems and Wilson Alarm Company O ct OB er 2018 S ec U r I t Y SYS te MS N e WS Residential s ystems 20 residential s ystems

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