ADT and Google Partner To Create Leading Smart Home Security Offering

• Google’s award-winning Nest hardware combined 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 
• Google to invest $450 million to acquire 6.6% ownership in ADT, cementing mutual, long-term commitment to partnership
• Each company to commit $150 million for co-marketing, product development, technology and employee training
• Partnership 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) -- ADT (NYSE: ADT), a leading provider of security and smart home solutions, and Google today announced they are entering into a long-term partnership to create the next generation of smart home security offerings. The partnership will combine Nest’s award-winning hardware and services, powered by Google’s machine learning technology, with ADT’s installation, service and professional monitoring network to create a more helpful smart home and integrated experience for customers across the United States.

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.”