ADT Corporation today announced their board had unanimously approved Apollo Global Management’s offer to acquire the company. Apollo agreed to pay $42 per share, a 56% premium on ADT stock. Joining forces with another recent Apollo acquisition, ADT will be merged with Protection1 and the new company will maintain the ADT brand and corporate location.
Xfinity Home by Comcast is looking to become a front runner in the race to the connected home and after three years in the space has recently posted a job listing on their site looking for a VP and Product Evangelist to help shape the direction of the home automation and security solution and make Xfinity home the most desired platform for consumers. Find out what Comcast is looking for in this valuable position and what it may mean for the future of Xfinity Home.
Vector Security, one of the country’s largest and oldest providers of commercial and residential electronic security and home automation services, has acquired Pelican Security Network, Inc., a Louisiana-based alliance of security and fire protection providers, alarm dealers and systems integrators. Seventeen thousand new customers come with the deal.