Cart 0

The NextMarket Report — Canopy

Smart Home Weekly: ADT Acquired, Amazon Hiring Like Crazy In Smart Home

Mike Wolf ADT Alexa Alljoyn Amazon Canopy Dash Echo IoTivity

This past week was a big one in connected home. The acquisition of ADT by Apollo and the merger between the two leading IoT standards showed we are in a stage of heavy transition across the broader connected home space. With the ADT news, we saw the biggest player in home security get acquired, possibly setting off a period of greater consolidation in home security at a time of huge market disruption resulting from new smart home and IoT technologies. On the standards front, a huge bombshell dropped last week with the launch of the Open Connectivity Foundation, an organization backed by both Intel and...

Read more →

Analysis: ADT Acquisition Comes At Critical Point in Home Security Market Evolution

Mike Wolf ADT Canopy Vivint

Last week's announced acquisition of ADT by private equity firm Apollo Global Management was big news for the home security industry. In ADT, Apollo got the industry's largest overall player, with a total subscriber count that is approximately 4X bigger than the next biggest competitor in Protection 1, a company also owned by Apollo. Apollo plans to combine ADT and Protection 1 into a unified company, with the new combined company operating under the ADT brand. Combined, ADT and Protection 1 will be almost six to seven times the size of the next biggest competitor. What does Apollo get in ADT? Beyond netting the biggest and most recognized name...

Read more →