August 3rd, 2020
Today, we’re announcing a long-term, strategic partnership between Google and ADT, a leading U.S. security and home automation provider. Together, we aim to create the next generation of the helpful home—based on new security solutions that will better protect and connect people to their homes and families.
Devices and services
Google will combine its Nest devices, services, and technology with ADT’s leadership position providing security solutions for millions of homes and small businesses in the U.S. The partnership pairs more than 20,000 ADT professionals together with Nest’s portfolio of helpful home devices. The company’s network of thousands of professional technicians will be able to sell and install devices like Nest Cameras and Nest Hub Max, all powered by Google Assistant.
Over time, Nest’s devices, powered by Google’s machine learning capabilities will enhance ADT’s security monitoring and become the cornerstone of ADT’s smart home offering. The goal is to give customers fewer false alarms, more ways to receive alarm events, and better detection of potential incidents inside and around the home. It will also provide people with more helpful notifications that make everyday life more convenient, like package detection. ADT customers will also have access to Nest Aware, a service that keeps people informed about important events at home, including intelligent alerts and event history recording for up to 30 days.
An equity investment in ADT
As part of this multi-year partnership, Google will make a $450 million investment in ADT in exchange for shares of a newly created Class B common stock having all the rights and preferences of ADT’s common stock except for the right to vote on the election, appointment or removal of directors. Upon the closing of Google’s equity investment in ADT, Google will own approximately 6.6 percent of ADT’s outstanding aggregate common equity. Google’s equity investment, which is subject to customary closing conditions, is expected to close in the third quarter of 2020.
These investments show our collective commitment to evolve security through better technology and innovation. Together with ADT, we look forward to delivering a smarter, more secure, and helpful home.