Certain brands such as ELAN, SpeakerCraft and Panamax will fall under the Nice North America banner, while security brands such as 2GIG, Abode and HySecurity will retain their names.
Parks Associates has found that households are experimenting with different offers from security providers and standalone devices, ultimately expanding adoption.
New research from Parks Associates and Xfinity Home reveals the impact DIY products and the pandemic have had on consumer needs.
Valued at $285 million, the acquisition strengthens the presence of Nice in the North American market and doubles its R&D capacity.
The virtual CONNECTIONS event hosted by Parks Associates will feature a panel of security execs discussing consumer responses to the ever-expanding security landscape.
Consumer expectations regarding the standard features of security solutions are shifting. Leverage this opportunity to attract new customers, as well as prevent loss of current subscribers.
Although the acquisition is not expected to move the revenue needle in the short term, industry insiders say ADT is wise to broaden its DIY portfolio.
A consumer with the system enabled could say “Alexa, arm,” which would arm their security system. A disarm-by-voice feature is also available.
Home automation guru Julie Jacobson reviews synergies within private equity firm Hellman & Friedman’s portfolio after its acquisition of a controlling stake in DIY security provider SimpliSafe.