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Todd Santiago

Nortek to buy 2GIG for $135m

Deal includes five-year supply agreement with Vivint
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02/14/2013

PROVIDENCE, R.I.—Nortek, parent company of Linear, announced this morning that it will acquire 2GIG Technologies for $135 million.

CAA symposium to feature four top industry execs

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10/10/2012

SAN FRANCISCO—Leaders from four security companies will speak at an executive symposium at the California Alarm Association’s 2012 Winter Convention, to be held here Dec. 5-8.

Vivint to be sold to Blackstone in $2 billion deal

CEO Pedersen: Vivint has plans to become one of the largest national players in commercial security
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09/18/2012

PROVO, Utah—Vivint has entered into an agreement with the Blackstone Group to be acquired in a deal worth “north of $2 billion,” Todd Pedersen, Vivint CEO, told Security Systems News.

Running, walking and talking—Day 2 at ISC West

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Friday, March 30, 2012

Day 2 of ISC West started off with a bang … as in the bang from the starter’s pistol as I ran in the annual Mission 500 Security 5K, the running race that Security Systems News helps sponsor.

2GIG voluntarily recalls some panel components

Company says overheating problem rare but wants to be extra-cautious
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11/14/2011

CARLSBAD, Calif.—2GIG Technologies, a home security systems developer known for its Go!Control panel—an all-in-one security and home automation system with a touchscreen interface—recently announced a voluntary recall of some of the GSM radio modules used with the panels because of a possibility they might overheat.
“We decided to do this out of an abundance of caution,” Todd Santiago, president of the company, which is based here, told Security Systems News in an email interview. He said problems occurred with a miniscule number of modules—just three out of more than 500,000 GSM modules 2GIG has sold are reported to have failed—but he said the company reacted swiftly.

ISC West features new partnerships and acquisitions

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04/07/2011

LAS VEGAS—What was new on Day 1 of ISC West 2011? As usual, there were a number of partnership announcements and a couple of acquisitions; new this year was lots of talk about physical security information management systems. PSIM announcements abounded on the show floor.