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In 1999, Keith Nellesen and Todd Pedersen co-founded APX Alarm Security Solutions in Lehi, 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]
The standard details requirements for a range of alarm systems including central station burglar alarms, police station connected alarms, local alarms, proprietary systems, holdup alarms, and digital alarm communicator system units. It also covers power supplies essential for burglar-alarm equipment operation.
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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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.
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