Security Dealer & Integrator

FEB 2018

Find news and information for the executive corporate security director, CSO, facility manager and assets protection manager on issues of policy, products, incidents, risk management, threat assessments and preparedness.

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16 Security Dealer & Integrator / www.SecurityInfoWatch.com February 2018 Kastle Systems Acquires Urban Alarm Company expands into single-family residential market Kastle Systems has announced it is expanding into the sin- gle-family residential security market with the acquisition of Washington, D.C.-based Urban Alarm. Founded in 2003, Urban Alarm's clients include a mix of high- end homeowners, as well as commercial, institutional and property management organizations throughout the metro D.C. area. Urban Alarm is the security pro- vider and patrol service to several of the area's most prestigious residential neigh- borhoods, such as Woodland Normanstone, and is responsible for many special- ized security environments including embassies and ambassador residences. The company has also completed security projects for several large developers and properties including, in partnership with Kastle, The Wharf's three million square- foot mixed-use development. Red Hawk Makes Pair of Acquisitions Purchase of DPSI and ATCi Communications helps company broaden reach Security systems integrator Red Hawk Fire & Security has acquired two com- panies to help bolster its capabilities within the special hazard fire suppression business and integrated security services market. In separate transactions, Red Hawk purchased Anaheim, Calif.-based Diversified Protection Systems Inc., as well as Miami-based ATCi Communications Inc. They are the company's fifth and sixth acquisitions in the last 20 months. DPSI's expertise includes special hazard clean agent and water mist fire sup- pression, early warning smoke detection and controls, hazardous gas monitoring and specialty cooling systems. ATCi Communications is the largest independent security systems integrator in South Florida. Vivint Settles Deceptive Sales Lawsuit Settlement is the largest ADT has received to date ADT has reached a settlement in its lawsuit against Vivint, which accused the company of deceptive sales practices to mislead ADT customers into signing long-term contracts. Under the terms of the settlement, Utah-based Vivint will pay ADT $10 million, marking ADT's largest decep- tive sales settlement to date. ADT filed the lawsuit last April after the com- pany said it received complaints from nearly 1,000 customers who reported Vivint representatives made false or misleading statements in an effort to switch their security service. "We hope these lawsuits and ensu- ing settlements send a strong and clear message that deceptive sales practices must end," ADT Chief Legal Officer P. Gray Finney said in a state- ment. "Not only does it harm our customers, it also harms the value of having a trained security professional in the home, which is how most rep- utable security companies operate their businesses." ADT a Public Company Once Again Company regains its status on the NYSE with 105 million share offering of common stock Less than two years after being acquired and merged with Protection 1 by Apollo Global Management in a deal that took the company private, ADT is a public- ly-traded company once again following the launch of its initial public offering on the New York Stock Exchange in late January. The company has been preparing to go public for months and recently finalized its filings with the U.S. Securities and Exchange Commission for the IPO. Although ADT had been looking to raise as much as $2.1 billion by offering 111.1 million shares ranging from $17 to $19 each, the company only offered 105 million shares at a price of $14 each, raising $1.47 billion in the offering. Fresh Off the Wire / News from around the industry SECURITY WATCH COMPILED BY PAUL ROTHMAN ADT, Inc. Chief Executive Officer Timothy J. Whall, joined by members of ADT's senior executive team and board of directors, rings the NYSE Opening Bell. Photo: New York Stock Exchange

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