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Some forecasts project the home security market as a whole will be worth $47 billion by 2020, [12] with the DIY home security market worth $1.5 billion. [13] While the market for home security is expanding, especially with cable TV and Internet service providers introducing their own security and home automation products, it is a fragmented ...
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A security alarm is a system designed to detect intrusions, such as unauthorized entry, into a building or other areas, such as a home or school. Security alarms protect against burglary ( theft ) or property damage , as well as against intruders.
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]
In 1999, Keith Nellesen and Todd Pedersen co-founded APX Alarm Security Solutions in Lehi, 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]
Founded in 1930, Guardian Alarm is the largest independently owned security company in the Midwest and continues to be ranked in the top 20 in the United States. The company has over 500 employees in various cities across the United States. Guardian Alarm installs, monitors, and services home and business security systems.
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