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Monitronics International was founded in Dallas in 1994 to provide alarm monitoring services to U.S. customers and businesses, as well as financing, technical training and product solutions [clarification needed] to dealers within the industry. [3] It was funded mostly by ABRY Partners until it was sold to Ascent Media in December 2010. [4]
ADT began to expand into new areas, such as fire alarms and security alarms, between 1910 and 1930, but was kept separate from AT&T's Holmes alarm business. ADT became a publicly traded company in the 1960s. [12] In 1964, ADT was found to be a monopoly in restraint of trade. It was shown to provide almost 80% of the central station alarm ...
In November 2013, Ring was founded as Doorbot by Jamie Siminoff. Doorbot was crowdfunded via Christie Street, and raised US$ 364,000, more than the $250,000 requested. [1] [4] [5] Siminoff's team envisioned the product's concept as an "alarm system literally turned inside out" in comparison to other security systems, describing it as a "pre-crime" system. [6]
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In 1999, Keith Nellesen and Todd Pedersen co-founded APX Alarm Security Solutions in Provo, Utah. [4] [5] At the time, the company sold and installed security systems. [4] APX Alarm Security Solutions rebranded as Vivint in February 2011. [4] [6] Vivint was acquired by The Blackstone Group in November 2012. [7]
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