Today in the connected economy, State Farm makes a big investment in security firm ADT as the companies join forces to provide better home security. Also, consumer finance company CreditCare Technology partners with MoneyGram to help unbanked people, and Bambuser and Perfect Corp join forces...
Security company ADT has secured a total of $1.5 billion in investments from insurer State Farm and Google, the company announced Tuesday (Sept. 6). The bulk of that funding comes from a $1.2 billion equity investment from State Farm, which makes it a 15% owner...
Digital video recorders can provide businesses with more than security; they can also provide notifications and reporting that can be used to improve operations. When digital video recorders are paired with software that can count people, monitor activity and generate reports, owners and managers can...
Offering virtual service appointments as an alternative to in-person service calls at customers’ homes is boosting subscriber retention, ADT executives said Thursday (May 5) during the company’s quarterly earnings call. By cutting down on the number of times technicians drive to customers’ homes, virtual service...
September 24, 2023
Facing a dearth of workers, security firms are looking for robot replacements. As ADT’s Ed Bacco told the Financial Times (FT) in a report Sunday (Sept. 24), androids can help the security industry deal with its ongoing problem of high turnover. “We wanted to have more consistency in our guards, and so when I came over to ADT I saw […]
September 06, 2022
Security company ADT has secured a total of $1.5 billion in investments from insurer State Farm and Google, the company announced Tuesday (Sept. 6). The bulk of that funding comes...
June 28, 2021
The home security company ADT is banking on a partnership with Google’s smart-home services to help boost its revenue. A story in The Wall Street Journal on Monday (June 28)...
August 03, 2020
Alphabet Inc.’s Google is expanding its reach into the home-security business by buying a $450 million stake in ADT, the Florida-based provider of security and smart-home solutions. Google announced Monday (Aug....
