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SimpliSafe was founded in 2006 by then-Harvard Business School students, Chad and Eleanor Laurans after several friends in the Cambridge area experienced home break-ins, but couldn't find a security company that was designed to help renters. [2] [3] The couple worked on SimpliSafe in their own home from 2006 to 2008.
In 2015, Monitronics acquired LiveWatch, a Kansas-based company that sold security alarm and home automation systems for DIY installation. [5] The company was founded in 2002 under the name Safemart by Chris Johnson, a former Kansas paramedic. Initially, SafeMart distributed home security products from third-party manufacturers.
[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] The company launched Vivint Solar, a solar energy company, in 2011. [8] Vivint Solar went public in October 2014 and was later ...
Artificial intelligence plays a more significant role in home security, making systems smarter and more proactive. According to Safehome.org, Ring and ADT are two of the most popular home alarm ...
The company went public again in January 2018 and again on the New York Stock Exchange under the ticker symbol ADT. [7] As of 2023, Apollo still retains a majority share in ADT. [4] In April 2018, ADT acquired Aronson Security Group Inc. and Acme Security Systems as part of its commercial expansion plans. [21]
Some forecasts project the home security market as a whole will be worth $47 billion by 2020, [12] with the DIY home security market worth $1.5 billion. [13] While the market for home security is expanding, especially with cable TV and Internet service providers introducing their own security and home automation products, it is a fragmented ...
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