Select Security Spends $11.6M to Acquire U.S.-Based Subscribers From AlarmForce
The transaction will add approximately 28,000 customers to Select Security’s account base.
The transaction will add approximately 28,000 customers to Select Security’s account base.
Annualized RMR attrition, a new performance indicator for the company, was less than 5% for the quarter compared to 10.4% for the same period in 2016.
AlarmForce said its policy review resulted from due diligence undertaken during a potential sale process.
EBITDA for the second quarter increased by 9% or $343,234 to $4.3 million year-over year driven by lower marketing expenditures.
Canadians say neighborhood watch programs are effective, but only 22% rely on it.
The company reported average revenue per subscriber at the end of Q3 at $30.75, up 7% year- over-year.
The provider of central station monitoring services joins a select group to be certified with Five Diamond status.
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