Vector Security (No. 4 on the SDM 100) announced the acquisition of ADS Security (No. 15 on the SDM 100). The transaction officially closed today. Collectively both companies will have close to $20 million in recurring monthly revenue and a customer base of nearly 400,000 subscribers.
The ADS Security team will remain in their current roles with John Cerasuolo leading the ADS division, reporting directly to Vector Security President and CEO Pam Petrow. ADS Security will maintain its brand identity, becoming the fourth business unit under the Vector Security portfolio of companies.