BOCA RATON, Fla., Aug. 03, 2020– Internet giant Google to invest $450 million to acquire 6.6% ownership in ADT.
ADT, a leading provider of security and smart home solutions, and Google are entering into a long-term partnership to create the next generation of smart home security offerings.
The partnership will combine Google’s award-winning Nest hardware with ADT’s trusted security, professional installation, and monitoring service to create a fully integrated set of devices, software and services for the secure smart home.
The partnership will integrate Google’s hardware and services and ADT’s DIY and professionally installed smart home security solutions to innovate the residential and small business security industry.
The future ADT + Google helpful 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.”