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<blockquote class="curated_content">CHICAGO, NEW YORK and BOCA RATON, Fla., Feb. 16, 2016 (GLOBE NEWSWIRE) — The ADT Corporation (NYSE:ADT) (“ADT”), a leading provider of monitored security, interactive home and business automation and related monitoring services in the United States and Canada, today announced that it has entered into a definitive agreement to be acquired by an affiliate of certain funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, LLC (NYSE:APO) (together with its consolidated subsidiaries, “Apollo”) and co-investors and merged with a subsidiary of Prime Security Services Borrower, LLC (with its subsidiaries, “Protection 1”), a leading full-service business and home security company in the United States also owned by the Apollo Funds, for $42.00 per share in cash.</blockquote>
It’s no longer difficult to find both home automation and security in a single package, but LG thinks it can one-up its rivals with something special… if a bit odd-looking. Its previously previewed Smart Security device may look like an upscale colander, but it serves as both a smart home hub (for Bluetooth, WiFi, Z-Wave and Zigbee) and a wide-angle security camera backed by ADT.
Image courtesy of engadget.com
Icontrol Networks, a leading security and home automation platform developer, has fired the next salvo in its 2014 patent-infringement lawsuit against competitor Zonoff. In its latest complaint, dated Dec. 1, 2015, Icontrol seeks a jury trial and an injunction against Zonoff’s continued sales and marketing activities around three additional patents (itemized below). In its latest claim, Icontrol cites these rumors as evidence that Zonoff has been marketing technology based on Icontrols asserted patents.
Image courtesy of cepro.com