ADT Corp. (ADT), Google (GOOGL) Partner to Create Smart Home Security Offering; Google to Make $450M Investment

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Go back to ADT Corp. (ADT), Google (GOOGL) Partner to Create Smart Home Security Offering; Google to Make $450M Investment

ADT and Google Partner To Create Leading Smart Home Security Offering

August 3, 2020 6:00 AM EDT

Googles award-winning Nest hardware combined with ADTs trusted security, professional installation and monitoring service to create a fully integrated set of devices, software and services for the secure smart home Google to invest $450 million to acquire 6.6% ownership in ADT, cementing mutual, long-term commitment to partnershipEach company to commit $150 million for co-marketing, product development, technology and employee trainingPartnership will provide customers with integrated smart home technology to be offered in both DIY and professionally installed security offerings

BOCA RATON, Fla., Aug. 03, 2020 (GLOBE NEWSWIRE) --... More