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In 1999, Keith Nellesen and Todd Pedersen co-founded APX Alarm Security Solutions in Provo, Utah. [4] [5] At the time, the company sold and installed security systems. [4] APX Alarm Security Solutions rebranded as Vivint in February 2011. [4] [6] Vivint was acquired by The Blackstone Group in November 2012. [7]
The couple worked on SimpliSafe in their own home from 2006 to 2008. [2] [4] Mr Laurans designed the system and tested it at friends’ residences for feedback. [2] SimpliSafe officially launched in 2009 with initial funding from angel investors, introducing the industry's first do-it-yourself (DIY) home security system. [5] [6]
A control panel is implemented to arm and disarm a home security system. The control panel is the main connection to the alarm company monitoring a home. It typically features a touchpad or buttons to easily maneuver the system, and some newer systems also feature voice control or wireless remotes (key fobs). [5]
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As of 2023, Apollo still retains a majority share in ADT. [4] In April 2018, ADT acquired Aronson Security Group Inc. and Acme Security Systems as part of its commercial expansion plans. [21] In October 2019, Telus Corporation purchased all of ADT's Canadian assets for $700 million. [22]
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