NorthStar Home, a security and automation provider ranked No. 24 on the SDM 100, launched its Authorized Affiliate Funding Program. Through this new channel, NorthStar will fund qualified security and automation systems originated and installed by independent companies.
According to a report by the market research company Reportbuyer, the North America video surveillance market is expected to grow at a CAGR of 17.1 percent for the forecast years of 2017-2025 and is estimated to be worth $35 billion by 2025.
On Augst 1, 2017, a group of U.S. senators plans to introduce legislation designed to address vulnerabilities in Internet-connected devices, or Internet of Things (IoT) devices, according to Reuters.
The city of Albuquerque, N.M., announced it would be launching a program that would network existing security cameras at homes and businesses in an initiative called SCAN, or Security Camera Analytical Network, according to the Albuquerque Journal.
According to a report by the market research company IHS Markit, while 41 percent of the 68 million wireless intruder alarm sensors sold across the globe in 2016 were wireless, only 4 percent of those wireless sensors were used in the large commercial sector.
According to the Fall River, Mass., newspaper The Herald News, the city’s police department announced it would no longer be using the gunshot detection system ShotSpotter, which covered about three square miles in the Fall River.
Speco Technologies announced that they are proactively working with Underwriters Laboratories (UL) to obtain a UL 2900 certification for all of their video surveillance products and software.
ADT, a provider of security and automation solutions for homes and businesses and ranked No. 1 on the SDM 100, announced settlements with Alder, its owner, Adam Schanz, and two Monitronics dealers — Alliance Security and Capital Connect — as part of lawsuits against those three companies and Schanz alleging the use of deceptive sales practices to mislead ADT customers.
COPS Monitoring, a Lydia Security Monitoring brand and provider of professional alarm services, announced its Grow Your Business roadshow. The no-cost seminars are designed to help alarm-installing companies learn how to manage attrition, optimize their teams to meet sales goals, and provide additional exclusive benefits that can help alarm-installing companies grow their business, the company described.
According to Reuters, Apollo Global Management is preparing to take ADT public at a more than $15 billion valuation, stating the listing could be the largest private equity-backed initial public offering since Hilton Worldwide Holdings went public with a $19.7 billion valuation in 2013.