Collectively both companies will have close to $20 million in recurring monthly revenue (RMR) and a customer base of nearly 400,000 subscribers.
Panasonic will transfer its security camera manufacturing and R&D operations — including its factory in Suzhou, China — to a new company being established.
As Monitronics aims to eliminate suffocating debt, plentiful access to capital has led alarm companies to be less reliant on dealer-program financing.
Since acquiring Pelco in 2007, Schneider Electric attempted to transition the company from an analog stalwart to a provider of end-to-end solutions.
The restructuring agreement calls for Monitronics to be merged with its holding company Ascent Capital Group upon stockholder approval.
Resideo says the technology complements the company’s portfolio of connected thermostats, such as the Honeywell Home T-Series smart thermostats.
SSI Industry Hall of Famer Michael Barnes will discuss key operating metrics that define and impact the creation of value in RMR-based alarm companies.
DSG, which will join Red Hawk Fire & Security, has a broad range of clients within the commercial, industrial, educational and entertainment industries.
SnapAV will acquire Control4 in an all-cash transaction for $23.91 per share in cash, representing an aggregate value of approximately $680 million.
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