BY JOEL GRIFFIN: There was a time in the residential security market when having home automation features to go along with window and door contacts and motion detectors was simply a “nice to have” rather than a “must have” offering. The industry has evolved to the point, however, where even the term “home automation” is passé, having given way to the more commonly used terminology of “connected home” or “smart home” space in which security is part of much bigger overall solution for today’s homeowners. The growing prevalence of this technology was further reinforced late last month when Alarm.com, one of the dominant players in the smart home space, launched an initial public offering on the NASDAQ. According to John Mack, executive vice president, co-head of investment banking and head of mergers & acquisitions at Imperial Capital, which acted as a co-manager on the offering, the IPO serves as a “strong validation” for this paradigm shift that has taken place with regards to the integration of home security with automation and where the market could eventually go. “I think it is very important for the overall security alarm industry to see what has really been the leading player in home automation software and has really played a key role in enabling the home automation side of this industry to be able to go public at a very attractive valuation and get a lot of very positive attention from the best of the investment community,” explained Mack. “A lot of the validation that came with a big valuation for Alarm.com is effectively a view of the potential for the whole industry.” Cont'd...
This is just a sampling of what you missed if you didn't attend the best A/V show in the country.
Combined with smart home security and automation products, smartphones provide a portable window into the home. This makes them the perfect home security accessory-one that's a lot less expensive than a traditional monitored security system yet is always accessible.
By Benny Evangelista for SF Gate: Sears is trying to connect with the Bay Area’s tech-savvy crowd with a smart home device showroom in its San Bruno store. The retail chain opened a 4,000-square-foot Connected Solutions showroom in its Tanforan mall outlet this week, giving customers an Apple Store-style experience with more than 100 smart home gadgets, from video doorbells to Internet-connected garage door openers and light bulbs. Sears is also building smaller showrooms with about half the number of products in 200 stores around the country. But Sears wanted to plant its flagship showroom near Silicon Valley.
WaterCop offers both wired and wireless flood sensors, wired wall switches, and is able to integrate directly with most home security and home automation systems.
One Quarter of Millennials Have Begun Building Smart Homes and Four-in-Ten Want One, According to The NPD Group
Millennials are on the road to building smarter homes. According to The NPD Group Connected Intelligence Home Automation Advisory Service, Millennials are twice as likely as the total population to have a smart home product installed in their residence. The array of smart home products evaluated include network connected security and monitoring devices, sensors, system controllers, smart lighting, power, and appliances. One-in-four Millennials (23 percent) already installed at least one of these products in their homes, compared to 12 percent of the total population. Millennials will continue to drive the growth in this market as four-in-ten (41 percent) of this age group are already aware of and interested in owning smart home products. A key factor that is driving this early growth is that the smart home market is no longer just for home owners. Renters are as likely as home owners to have smart home products installed, and are three times more likely to be part of the millennial age group. More than a third of renters are between the ages of 18-34. “Today’s smart home products no longer require professional installation and ongoing subscriptions, many are now plug-and-play options,” said John Buffone, executive director, Connected Intelligence. “The product mix such as smart cameras, lights, and plugs, fits the lifestyle of both home owners and renters which opens up a larger, younger and more tech-savvy consumer market.”
One way to mitigate the risk of outages at all might be the selection of a smart home solution, which keeps a local version of the cloud software on the hub.
Nest, the prized home automation company acquired by Google, is showing off its own acquisitions. It’s another indication that the five-year-old company, led by its ambitious CEO Tony Fadell, is trying to cement itself as the leader of the emerging connected device industry and sell itself as autonomous from its big parent. At a press event in San Francisco on Wednesday, Nest announced its third product, Nest Cam, a wireless home camera retailing for $199, joining its digital thermostat and smoke detector. Along with the new camera, Nest announced its own cloud service called Nest Aware, a $10-per-month subscription service that lets you store footage captured with the camera. The new Nest Cam captures video in 1080p HD, is supposedly simpler to set up and boasts advanced low-light video-capture capabilities. Nest also unfurled several software and product flourishes for its Internet-connected flagship products, the Nest Learning Thermostat and Nest Protect smoke detector. Full Article:
Alarm.com Holdings, a cloud-connected home security and energy platform with 2.3 million subscribers, announced terms for its IPO on Monday. The Vienna, VA-based company plans to raise $98 million by offering 7 million shares at a price range of $13 to $15. At the midpoint of the proposed range, Alarm.com would command a fully diluted market value of $669 million. Alarm.com, which was founded in 2000 and booked $176 million in sales for the 12 months ended March 31, 2015, plans to list on the NASDAQ under the symbol ALRM. Goldman Sachs, Credit Suisse and BofA Merrill Lynch are the joint bookrunners on the deal. It is expected to price during the week of June 22, 2015.
Google Inc.’s GOOGL Nest Labs is gearing up to release a wireless home security camera to expand its range of "Internet of Things" (IoT) product lineup. The information became public through leaked images on U.S. website Droid-Life. The revelation comes a week before Nest’s press conference on Jun 17 in London and San Francisco, CA, where it is slated to unveil the next-generation of the wireless camera Dropcam, called the Nest Cam. Droid Life noted that Nest and Google have been testing the new camera for some months now. The images reveal that the camera looks similar to a Dropcam, which Nest Labs acquired in June last year for $555 million in cash. Dropcam is a video-monitoring and Internet home security camera maker. Nest Cam is the latest development of Google’s Nest brand since it acquired the home automation startup in Jan 2014 for $3.2 billion. Nest Labs focuses on offering simple and aesthetically pleasing hardware, software and services, like the Nest Learning Thermostat, Nest Energy Services and Nest Protect: Smoke + Carbon Monoxide.
Learning how to drive the internet highway on the path to the Smart Home means rules, regulations and laws.
These are just a few of the exceptional new products that you can see on the show floor. Whether you are a user, installer, or show producer, InfoComm 2015 is where you need to be.
SOURCE: SECURITYINFOWATCH.COM: Through managed smart home offerings from retailers such as Lowes and Staples as well as standalone devices such as video cameras from Dropcam, or smart locks from Kwikset, the research firm said consumers increasingly have the option to install and monitor their own security systems. Demand for such smart home systems are expected to outpace traditional professional monitored security subscriptions as consumers ditch the installation fees, monthly payments and long service contracts of the traditional offerings. At the same time, professionally monitored security service providers such as Frontpoint Security and NextAlarm offer solutions where users self-install their devices, or can integrate existing dormant installations into new IP based services. “Self-install and self-monitor home security solutions are real threats to the standard business models offered by traditional vendors,” said Dan Shey, practice Director at ABI Research. “While matching these solutions is one option, traditional vendors need to look for ways to better integrate their core services with partner smart home services. These can range from call-center monitoring as a plug-in service to bringing home video monitoring into the call center.”
Alarm.com, a company providing security and home automation products, has filed for an initial public offering (IPO) and is looking to raise up to $75 million through the offering, as per documents filed with the US Securities and Exchange Commission. The company is trying to make headway in the market for smart homes before more established companies such as Google Inc (NASDAQ:GOOGL) and Apple Inc. (NASDAQ:AAPL) hit the home automation market. The S-1 filing lists Credit Suisse, Goldman Sachs, and Bank of America Merrill Lynch as key underwriters. Alarm.com was founded in 2000, and for the last five years has been trying to penetrate the home automation sector, inking deals with other service providers to offer products to consumers to enable them to automate their homes. The automation entails controlling lights, appliances, door locks, and other things remotely.
The ADT Corporation unveiled a series of innovative partnerships and new product and platform enhancements aimed at delivering advanced solutions to its residential and business customer base. Driven by President and Chief Executive Officer Naren Gursahaney’s mission to “put the customer at the center of everything we do” and “secure the connected world,” these announcements include: A new alliance with global consumer electronics leader LG Electronics to deliver a groundbreaking “All-In-One” smart security product, coupled with ADT security services; and a partnership with Nest to integrate its acclaimed Nest Learning Thermostat into ADT’s Pulse® ecosystem. Both are made possible through ADT’s ongoing investments in its technology and innovation platforms. As broadband adoption continues to grow, there is a greater push for leveraging home automation within both the consumer and industrial Internet of Things (IoT) segments. ADT’s market leadership in home and business security makes it an attractive and highly sought-after partner for a broad range of leading technology companies. With innovative new user experiences driven by its platform, ADT can now address traditional monitored security, while also adding new smart security solutions for residential and business customers - empowering users to be in greater control of that which they value most.
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Security & Communication - Featured Product
C1M1 offers a truly significant reduction in transmission time in comparison to other communicators that rely on dial capture or data bus decoding. This can result in quicker response time to emergency situations which could save lives and assets. By providing both IP and cellular pathways, C1M1 provides the reliability installers are looking for in an alarm communicator. C1M1 eliminates port forwarding and extra fees for remote access. Installers can remotely upload/download programming changes to M1 controls over IP or cellular using ElkRP2. Consumers can control the M1 remotely via the free ElkLink mobile app and web portal, as well as eKeypad and M1 Touch Pro apps. Other IP-based software and interface partners can connect to the M1 control over the local network through C1M1. C1M1 also provides email/text notifications for arm, disarm, and alarm events. ELK-C1M14GSM supports GSM (AT&T/T-Mobile) networks and ELK-C1M1CDMA supports CDMA (Verizon) networks.