Google is investing $ 450 million in the security monitoring company and “smart home” ADT

News

Google is investing $ 450 million in the security monitoring company and “smart home” ADT

06.08.2020 News

On Monday, Alphabet and ADT Inc companies announced a long-term partnership agreement.
According to the press release, as a result, will be “a combination of award-winning Nest equipment and services based on Google machine learning technology, with a network of ADT installation, service and professional monitoring for creating a “smarter home” and integrated experience for customers across the United States. ”

Shares of ADT doubled on Monday, reaching a 52-week high with increase of 56.56% regarding the closure of trading. Alphabet Shares declined slightly.

The agreement provides for an investment of $ 450 million by Alphabet in exchange for receiving 6.6% of newly created ordinary shares of ADT class B without voting rights on the Board of Directors. The expected completion date of the agreement with the end of quarter.

According to the report: “Each company will provide an additional $ 150 million, if the achievement of certain stages will be used for joint marketing, product development, technology and staff training to develop the partnership. ”

The partnership is beneficial to both companies. ADT partner gives Google a reputable expert in the security and “smart home” market that will offer customers a comprehensive integrated solution.

ADT is one of the oldest companies in the industry providing electronic security services for residential, small and large businesses, fire protection and other alarm monitoring services throughout the United States, with more than 20,000 professionals.

In the future, it is the promise for growth of Google’s hardware division and greater competition with similar products from Amazon, SimpliSafe and other companies.

Through a partnership with the technology giant, ADT is gaining investment and expansion opportunities.

ADT reported that in company plan: to offer certain Google devices to own customers, starting this year and expand integration in 2021.”

Other articles

  • Apple has intensified its work on a competitor to Google search
    News

    Apple has intensified its work on a competitor to Google search

    Apple has intensified work on its own search service, which will become a competitor to Google, writes the Financial Times, citing interlocutors in the mobile industry. One of the signs of this, the interlocutors called the fact that after updating the iOS operating system, Apple began to show its own search results and provide direct […]

  • Apple, Alphabet, Facebook and Amazon report earnings this week
    News

    Apple, Alphabet, Facebook and Amazon report earnings this week

    In the last week of October, investors expect a lot of news, as more than one-third of the components of the S&P 500 index, or 186 companies, must report financial results for the third quarter. The information field is even richer given the election race in the United States, the situation with the pandemic and […]

  • Microsoft topped the ranking of the most responsible employers
    News

    Microsoft topped the ranking of the most responsible employers

    Created by Bill Gates, Microsoft third time topped the annual ranking of the 100 most responsible US corporations. This was announced by Forbes on Wednesday, October 14. Also in the top five of the updated list, in addition to Microsoft, included only technological giants – NVIDIA, Apple, Intel Alphabet. “Forbes compiled the rating together with […]

  • AMD will buy the chip maker Xilinx
    News

    AMD will buy the chip maker Xilinx

    Chip maker, Advanced Micro Devices, is in talks to buy a rival chip maker – the American company Xilinx, reported The Wall Street Journal. The deal might be exceeding to $ 30 billion and could be announced for the next week. The merger will become one of the largest transactions in the industry this year, […]

  • The US Antimonopoly Committee has called for the reform of the rules for the technology giants
    News

    The US Antimonopoly Committee has called for the reform of the rules for the technology giants

    On Tuesday, shares of the four largest US technology companies declined, as the 16-month government investigation of their competitive practices led to the first results in the form of 449-page report on their abuse of the market power. Shares of Apple, Amazon, Facebook and the parent company Google Alphabet fell to 2.9%, 3%, 2.26% and […]

  • The robotization of Amazon’s warehouses led to the increasing of the injuries among the employees
    News

    The robotization of Amazon’s warehouses led to the increasing of the injuries among the employees

    Introduced five years ago in Amazon’s warehouses the robots did not make the life easier for the employees – on the contrary, people are now forced to work four times faster. In addition, the robotics has brought Amazon warehouses to the record 14,000 serious injuries by the end of 2019. The current figures are to […]

  • Amazon announced the launch of Amazon Payment One by scanning the palm
    News

    Amazon announced the launch of Amazon Payment One by scanning the palm

    On Tuesday, Amazon announced another innovation – Amazon One technology, which will be tested for the first time in two Amazon Go stores in Seattle. The company has established in their new turnstiles which will be the quicker alternative to make the purchases. The format of the Amazon Go stores is designed so that customers […]

  • Amazon has introduced the new payment system of the purchases
    News

    Amazon has introduced the new payment system of the purchases

    The company Amazon announced the launch of a new biometric technology Amazon One, allowing to customers to enter the store and pay for purchases by placing their palm on the scanner. However, users must first associate biometric information with the credit card. And then you can pay by placing the palm. This was reported by […]

Read also

Google is investing $ 450 million in the security monitoring company and “smart home” ADT
News

Pfizer reported earnings below estimates and lowered its annual forecasts

Shares of Pfizer decreased by 3.2% since the beginning of the year, fell by 1.65% on Tuesday after the company announced the results of the third quarter, which ended on September 30. Pfizer reported a 4% drop in earnings per share (compared to the same quarter in 2019) to $ 0.72, but this was slightly […]

Next
Google is investing $ 450 million in the security monitoring company and “smart home” ADT
News

Analysts have named the next global reserve of the currency

Chinese yuan in the next ten years could become the third global reserve currency after the dollar and euro. Such conclusion was reached by analysts of Morgan Stanley, writes CNBC. The growth of investment in the Chinese economy is called to be the reason for the increase in demand for the yuan. Currently, it accounts […]

Next
Google is investing $ 450 million in the security monitoring company and “smart home” ADT
News

Bosch will create a new production in Ukraine

Representatives of the Antimonopoly Committee of Ukraine approved the deal between the German company Robert Bosch GmbH and the Chinese home appliance manufacturer Guangdong Vanward New Electric. It is about creating a joint venture on the territory of Ukraine. It is expected that production will specialize in the production of components for cars, gas appliances […]

Next
Google is investing $ 450 million in the security monitoring company and “smart home” ADT
News

Johnson & Johnson suspends the study of the COVID-19 vaccine due to unexplained disease in the participant

Shares of the Johnson & Johnson may slow because the last stimulus to it was the company’s transition to the final clinical trial of the vaccine against COVID-19 on September 23, after which the shares rose by more than 5%. However, as of Tuesday, before the opening of trading, the price of J&J shares did […]

Next
Google is investing $ 450 million in the security monitoring company and “smart home” ADT
News

Bayer sells the part of its business

Bayer AG  is going to sell the part of its business  in biotechnologies and productions of cotton  spheres. It is concerned the Crop Science  subsidiary Company. According to Liman Kondon, the company chairman, this industry sphere is money-making.  There is no reason in  finding buyers  to Buyer. The decision was concluded by a pressure of […]

Next
Google is investing $ 450 million in the security monitoring company and “smart home” ADT
News

Lev Partskhaladze: “Business should feel the support of the state”

On December, 23 this year it was a private press conference with the representatives of the Ministry of Regional Development, Construction and Housing of Ukraine. The meeting was attended by: Lev Partskhaladze (Deputy Minister of Regional Development, Construction and Housing), Oleksiy Honcharuk (head office of effective regulation – BRDO) and Olena Shuliak (Sector Manager of […]

Next
Google is investing $ 450 million in the security monitoring company and “smart home” ADT
News

“Rosinka” urged the bankrupt

The Economic court of Vinnytsia region decided to recognise the Rosinka Kiev plant of the Dewdrop soft drinks entity as the bankrupt. The information on preliminary judicial review had been posted on the Court solutions register website with links to the corresponding court orders. The majority of them is a credits payment liability. There is […]

Next
Google is investing $ 450 million in the security monitoring company and “smart home” ADT
News

Johnson & Johnson plans to examine the final vaccine in September

Shares of Johnson & Johnson rose by 0.68% on Thursday, ahead of the growth of the S&P 500 index by 0.32% after as the company announced that it plans to begin the final phase of a clinical trial of its COVID-19 vaccine in September. Shares of J&J recovered after losses in February and March and […]

Next
Google is investing $ 450 million in the security monitoring company and “smart home” ADT
News

Amazon announced the launch of Amazon Payment One by scanning the palm

On Tuesday, Amazon announced another innovation – Amazon One technology, which will be tested for the first time in two Amazon Go stores in Seattle. The company has established in their new turnstiles which will be the quicker alternative to make the purchases. The format of the Amazon Go stores is designed so that customers […]

Next
Google is investing $ 450 million in the security monitoring company and “smart home” ADT
News

Unilever will invest € 8.3 million in a factory of the tea production of the in the Kiev region

A major manufacturer of products, Unilever Company intends to launch a tea factory in the Kiev region in the second half of 2016. The company has already invested in the project  € 8.3 million.  “Unilever will launch its own tea factory in Gostomel. Unilever works on the project from the middle of 2015, and at […]

Next
Google is investing $ 450 million in the security monitoring company and “smart home” ADT
News

There are no threats of visa-free travel with the EU, – Kuleba

Currently, there are no threats to Ukraine’s visa-free travel with the European Union. Required joint efforts of all political forces in Ukraine to continue the movement towards the EU. This was stated by the Minister of Foreign Affairs of Ukraine Dmytro Kuleba on the talk show “Freedom of Speech” on ICTV. According to him, there […]

Next
Google is investing $ 450 million in the security monitoring company and “smart home” ADT
News

Wells Fargo Reported Worse-than-expected Losses and Reduced Dividend

Today Wells Fargo, the fourth-largest U.S. bank, reported record losses of $2.4 billion in the second quarter, which was even worse than the bank management and Wall Street analysts expected. For the three months by June 30, Wells Fargo’s loss was $0.66. This is $0.46 worse than analysts’ forecast of $0.20 loss per share. One […]

Next
Google is investing $ 450 million in the security monitoring company and “smart home” ADT
Analytics

Results of the survey on lawyer.ua: corporate lawyer competence

In every company sooner or later there comes a time when the manager asks a question of legal support for business. Solutions may be very different: someone delegate such powers to accountant and it really works, it is true, as long as does not need an expert with deeper legal competence, and someone is trying […]

Next
Google is investing $ 450 million in the security monitoring company and “smart home” ADT
News

PepsiCo Showed Business Sustainability In The 2nd Quarter

On Monday, PepsiCo announced its second fiscal quarter which ended on June 30. The results exceeded Wall Street expectations but were mixed. On the one hand, sales of food and snacks increased as consumers bought snacks for breakfast and home-made goods. On the other hand, sales of beverages decreased because large sales channels such as […]

Next
Google is investing $ 450 million in the security monitoring company and “smart home” ADT
Analytics

Step by Step: How the Ukrainian economy met 2018

Ukraine begins 2018 with a fairly stable economic and political platform. In comparison with the catastrophic economic downturn in 2014 and the subsequent recession that lasted until the end of 2015, the economic growth of 2.2% in 2017 looks encouraging. The first step towards the exit from the permanent crisis is made, but the main […]

Next
Google is investing $ 450 million in the security monitoring company and “smart home” ADT
News

Does Ukraine refuse to continue oil business in Egypt?

Company Naftohaz  Ukraine has analyzed the alternatives to  sale the foreign assets, but there is no a buyer for it. According to the director of the company  Andrii Kobolev, the true reason for this is a low profitability of Ukrainian Naftohaz assets in Egypt. It is reported by UNIAN. Kobolev said that it is not […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com