ADT and Google Partner To Create Leading Smart Home Security Offering

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ADT and Google Partner To Create Leading Smart Home Security Offering

ADT, provider of security and smart home solutions, and Google announced they are starting a long-term partnership to create new smart home security offerings. The partnership will combine Nest’s hardware and services, powered by Google’s machine learning technology, with ADT’s installation, service and professional monitoring network to create a more helpful smart home and integrated experience for US-customers.
The partnership will integrate Google’s hardware and services and ADT’s DIY and professionally installed IoT home security products to innovate the security industry for residential and small business. The coming home security solution is expected to advance smart home offerings and attract new consumers seeking premium technology, end-to-end smart home service and trusted security.

We are thrilled to partner with Google to provide the smart home market with a strong, differentiated product and service offering that integrates the best technology, hardware and smart home security expertise from our two brands,

said Jim DeVries, President and CEO of ADT.

Google’s partnership and financial investment in ADT underscores the depth of our joint commitment to the smart home and security markets. Our entire leadership team is looking forward to continuing our work with Google as we define the future of helpful home security and build a productive long-term partnership.

We’re excited to partner with ADT to further our mission of building helpful devices for the home,

said Rishi Chandra, GM and Vice President of Nest.

ADT is a leader in smart home security, and I look forward to working with the team to create innovative smart home security solutions that help everyone feel safe and protected.

ADT expects to offer certain Google devices to its customers beginning this year and to expand the integration in 2021. The complete ADT + Google helpful home security solution will utilize a secure platform for a seamless experience that prioritizes privacy and interoperability for greater customer peace of mind and choice. Google will make a $450 million investment in ADT in exchange for shares of a newly created Class B common stock having all of the rights and preferences of ADT’s common stock except for the right to vote on the election, appointment or removal of directors. Upon the closing of Google’s equity investment in ADT, Google will own 6.6% of ADT’s outstanding aggregate common equity.

Author: Rainer Claaßen
Image Credit: Google Nest

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