CHICAGO — Scout Alarm (ASX: SCT), a provider of DIY security and smart home technology, has signed a partnership deal with security services provider Stanley Black & Decker (NYSE: SWK) to license and sell Scout’s home security platform.
The partnership grants Stanley Black & Decker (SBD) the right to deploy the Scout software platform and hardware suite across its brands and global security business units.
SBD bills itself as the second largest global provider of security services, managing more than 500,000 buildings around the world. Its business units operating in the security industry provide solutions for residential, commercial, alarm dealer and monitoring center customers.
“We have been impressed with the technology and team at Scout and believe that a strong partnership with Scout can help us grow our position as a global provider of security services,” states SBD President of Convergent Security Solutions Joe McCormack.
Scout Alarm, based in New South Wales, Australia, has spent the past few years targeting opportunities and developing a robust product set that complements SBD’s various business units, according to an announcement.
The two companies share an alignment of vision on the future of security and have identified both short- and long-term potential applications of the Scout platform to augment SBD’s existing and planned customer solutions, says Scout Alarm Co-founder and CEO Dan Roberts.
“This is an incredible partnership and opportunity. We have the chance to work on the future of security platforms with one of the global leaders in the space. You can’t ask for much more than that,” says Roberts. “Our teams have spent a fair amount of time together at this point and both companies share a common vision for where the security space is headed.”
